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<div class="coinjournal"> 
 <ul> 
 <li>Bonk price rose sharply after South Korea exchange Bithumb announced listing of BONK in the KRW market.</li> 
 <li>The Solana meme coin reached a two-week high as Bitcoin led the crypto market bounce.</li> 
 </ul> 
 Bonk (BONK), the first dog-themed meme coin on Solana, has picked up significant upside in the past 24 hours. 
 According to market data from CoinGecko, BONK price is up 9% and trading at $0.00002623 – the meme coin’s highest level in two weeks. 
 <h2 id="span-style-font-weight-400-why-did-the-bonk-price-spike-today-span">Why did the BONK price spike today?</h2> 
 Bonk’s performance in the past 24 hours aligns with an upward flip in <a rel="dofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a> prices. 
 These came as markets reacted to the latest US inflation data that showed softer-than-expected CPI readings. As stocks jumped to weekly highs, Bitcoin surged past $66k to see analysts predict a potential bullish run to $74k. 
 The positive sentiment buoyed most altcoins, with Ethereum breaking above $3,000 and Solana <a rel="dofollow" title="surging" href="https://thebittimes.com/tag/surging.html">surging</a> above $160. 
 BONK price mirrored other meme coins, which saw slight gains as mega caps spiked. 
 On Thursday, Bonk extended gains amid news that Bithumb, the second-largest <a rel="dofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a>currency exchange in South Korea, had announced BONK listing.&nbsp; 
 The platform will open trading for BONK in the Korean won (KRW) on May 16 at 17: 00 pm. Bithumb will also list Zeta Chain (ZETA). 
 With South Korea one of the top <a rel="dofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a> markets, Bonk’s listing on Bithumb looks set to enhance not just visibility but also liquidity for the meme coin. Trading volume was up 30% in early trading Thursday. 
 BONK price could break higher and retest levels seen in March and April. Bullish momentum is also likely to strengthen if the broader market continues higher. 
</div>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/why-is-solana-meme-coin-bonk-bonk-surging-tbt88527.html">https://thebittimes.com/why-is-solana-meme-coin-bonk-bonk-surging-tbt88527.html</a>

Why is Solana meme coin Bonk (BONK) surging?

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