Flow

Solana

Shiba Inu

MN Coin

<ul>
 <li style="font-weight: 400;">BONK has risen by over 100% in the last 24 hours.</li>
 <li style="font-weight: 400;">The surge came as Binance announced the listing of the meme coin.</li>
</ul>
The price of the dog-themed Solana-based token <a href="https://ambcrypto.com/search/bonk" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Bonk [BONK]</a> has risen by over 100% in the last 24 hours. 
This comes after leading cryptocurrency exchange Binance announced the token’s listing and the commencement of spot trading for multiple trading pairs on 15th December.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> will list <a href="https://twitter.com/bonk_inu?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">@bonk_inu</a> <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$BONK</a> with Seed Tag applied.
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/BVs6KjrRvK" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/BVs6KjrRvK</a> <a href="https://t.co/AKB6mlwnkL" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/AKB6mlwnkL</a>
 — Binance (@binance) <a href="https://twitter.com/binance/status/1735510993223254211?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 15, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
BONK’s listing on Binance <a href="https://ambcrypto.com/bonk-woofs-its-way-onto-coinbase-heres-what-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">follows</a> its inclusion on KuCoin and Coinbase as a tradeable asset.
With a 314% surge in trading volume recorded in the last 24 hours, the token’s market capitalization has climbed by 123% during the same period. 
In a span of only 12 hours, data from <a href="https://coinmarketcap.com/currencies/bonk1/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">CoinMarketCap</a> showed that BONK has moved from being the 69th largest asset to claiming the 43rd position.&nbsp;
<h4>BONK in the last 12 hours</h4>
At press time, BONK exchanged hands at $0.00003243. At this value, BONK’s price has now surpassed that of <a href="https://ambcrypto.com/search/SHIB" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Shiba Inu [SHIB]</a>, which traded at $0.00000988 per coin as of this writing.&nbsp;
With the hype around the altcoin in the last 12 hours, BONK’s social discussions have risen to an all-time high. In fact, BONK conversations make up 7% of all asset talks within that period.&nbsp;
<div id="attachment_358928" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/GBXc_fUbIAADz4X-scaled.jpeg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-358928" decoding="async" class="wp-image-358928 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/GBXc_fUbIAADz4X-scaled.jpeg" alt="" width="2560" height="1712" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/GBXc_fUbIAADz4X-scaled.jpeg 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/GBXc_fUbIAADz4X-300x201.jpeg 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/GBXc_fUbIAADz4X-1024x685.jpeg 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/GBXc_fUbIAADz4X-768x514.jpeg 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/GBXc_fUbIAADz4X-1536x1027.jpeg 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/GBXc_fUbIAADz4X-2048x1370.jpeg 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Santiment
</div>
Due to the sudden surge in demand, BONK’s key momentum indicators sat at overbought levels at press time. Its Relative Strength Index (RSI) was 86.51, while its Money Flow Index (MFI) was 78.70.
Moreso, its Chaikin Money Flow (CMF) resting above zero and in an uptrend signaled liquidity inflow into the BONK market. This indicator was 0.21 as of this writing.&nbsp;
<div id="attachment_358929" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BONKUSDT_2023-12-15_08-37-48.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-358929" decoding="async" class="wp-image-358929 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BONKUSDT_2023-12-15_08-37-48.png" alt="" width="2368" height="1302" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BONKUSDT_2023-12-15_08-37-48.png 2368w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BONKUSDT_2023-12-15_08-37-48-300x165.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BONKUSDT_2023-12-15_08-37-48-1024x563.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BONKUSDT_2023-12-15_08-37-48-768x422.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BONKUSDT_2023-12-15_08-37-48-1536x845.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BONKUSDT_2023-12-15_08-37-48-2048x1126.png 2048w" sizes="(max-width: 2368px) 100vw, 2368px"></a>
 Source: BONK/USDT on TradingView
</div>
In the token’s derivatives market, trading volume has increased by over 254% in the last 24 hours. During that period, BONK trades totaling $97 million have been completed.
There has also been a significant uptick in the token’s futures open interest. At $2.65 million at press time, BONK’s open interest has increased by 102% in the past 24 hours, data from <a href="https://www.coinglass.com/currencies/BONK" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Coinglass</a> showed.&nbsp;
Interestingly, BONK’s funding rates across exchanges turned negative for the first time in the last three days. This showed that as the token’s price chased new highs in the last 12 hours, many traders opened short positions, betting on a price decline.&nbsp;
<div id="attachment_358930" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-15-at-08.44.17.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-358930" decoding="async" class="wp-image-358930 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-15-at-08.44.17.png" alt="" width="2560" height="740" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-15-at-08.44.17.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-15-at-08.44.17-300x87.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-15-at-08.44.17-1024x296.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-15-at-08.44.17-768x222.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-15-at-08.44.17-1536x444.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-15-at-08.44.17-2048x592.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Coinglass
</div>
Realistic or not, here’s&nbsp;<a href="https://ambcrypto.com/calculator/marketcap" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">BONK’s market cap in BTC</a>&nbsp;terms
<h4>All thanks to BONK</h4>
Activity around BONK in the past few days has resulted in the growth in the sales of the once-struggling Solana phone. Solana co-founder Raj Gokal confirmed the surge in sales in a recent post on X.
The increase in the phone’s sales volume is tied to the 30 million BONK token airdrop available for every phone owner.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 lol. just so everyone is aware, <a href="https://twitter.com/solanamobile?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">@solanamobile</a> saga sales have &gt;10x'd in the past 48 hours, and are now on track to sell out before the new year.<a href="https://t.co/SzKht4DTYL" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/SzKht4DTYL</a>
 — raj <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5a4.png" alt="🖤" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@rajgokal) <a href="https://twitter.com/rajgokal/status/1735381977250054548?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 14, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

What BONK’s latest listing means for its price prediction

AMBCrypto

Other articles published on Dec 16, 2023

BONK Getting 'DOGE-Like' Attention From Traders, Report Says

Taiwan Warns Against Crypto Bets in Upcoming Presidential Election

Announcement on Ethereum: A Milestone for Real World Asset Tokenization with ERC-3643

What is News Trading? Major Innovation in News Trading with COINOTAG PRO! A New Era Begins for BT...

Bitwise Reveals Two Major Triggers That Will Send Bitcoin Price To $80,000

The Rise of Bitcoin ETFs in the Dominant U.S. ETF Market

Join our free newsletter for daily crypto updates!