Dear Bitruers,
Exciting news is on the horizon in the crypto world, and we're thrilled to share the latest developments about BONK Inu! Recently, BONK has seen remarkable growth, with a surge of over 25%, following its listing on the world's largest cryptocurrency exchange, Binance.
Introduction
BONK Inu, a meme coin thriving on the Solana network, has become the talk of the town with its impressive performance. The recent spike in value comes on the heels of Binance's announcement to launch BONK futures, denoted as 1000BONK, alongside another offering for PYTH, a decentralized finance (DeFi) network of oracles that gained attention with a 255 million PYTH token air drop.
Binance's move to list both BONK and PYTH is significant, especially considering the recent changes at Binance, including the departure of its high-profile CEO. Industry experts are interpreting these listings as an early market-making play by Binance's new CEO, Richard Teng.
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Details of BONK Futures Offering
"Binance Futures will launch the USDⓈ-M 1000BONK and PYTH Perpetual Contracts at 2023-11-22 14:00 (UTC) and 2023-11-22 14:30 (UTC) respectively, with up to 50x leverage," announced the company, providing comprehensive details on both offerings.
BONK's Market Position
While BONK is currently ranked just within the top 250 cryptocurrencies by market cap, standing at $197 million, it recently achieved an all-time high with a staggering 1,700% surge. The coin is currently trading at $0.00000459, showcasing its resilience and popularity in the dynamic crypto market.
BONK on KuCoin - A New Milestone
In another exciting development, BONK Inu has proudly secured its listing on KuCoin, the sixth-largest crypto exchange according to CoinMarketCap. The trading pair, BONK/USDT, is now open for deposits via the SOL network, with live trading already underway. KuCoin will enable BONK withdrawals starting at 10:00 on November 29, 2023 (UTC).
This listing has further propelled BONK's market value, with a 4% increase to $0.00000396 from its opening value of $0.00000380.
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