Coinbase Hype Still Fresh: Can BONK Hold Onto Its Gains With Binance Debut?
Coinbase recently listed a new token, BONK.
Post-listing, BONK experienced a 60% surge, reaching an all-time high.
Binance accordingly announced plans to list BONK, with spot trading pairs set to go live on December 15, 2023, at 08:00 (UTC).
Coinbase, one of the leading cryptocurrency exchanges, recently announced the listing of a new token, BONK. Following the listing, the price of BONK witnessed a 60% surge, hitting an all-time high. Additionally, Binance, another major player in the crypto space, swiftly followed suit, revealing its plans to list BONK, accompanied by a Seed Tag.
Binance will list spot trading pairs BONK/USDT, BONK/FDUSD, and BONK/TRY are set to go live on December 15, 2023, at 08:00 (UTC). This move comes as Binance acknowledges the growing popularity and demand for BONK in the crypto market.
#Binance will list @bonk_inu $BONK with Seed Tag applied. 👉 https://t.co/BVs6KjrRvK pic.twitter.com/AKB6mlwnkL
— Binance (@binance) December 15, 2023
The mere announcement of Binance’s listing propelled BONK’s price to surge by an impressive 115%. Zooming out to a 30-day analysis, BONK has recorded an 1100% increase, underscoring the fervor surrounding this relatively new Solana-based meme coin.
Despite the excitement, Binance issued a cautionary statement regarding BONK, stating that BONK is a new and innovative token, implying a higher-than-normal risk level. Traders are advised to exercise sufficient risk management, conduct thorough research on BONK’s fundamentals, and gain a comprehensive understanding of the project before engaging in trading activities.
The introduction of a Seed Tag by Binance signifies that BONK is considered an innovative project, potentially exhibiting more volatility and risks compared to other tokens on the exchange.
With BONK set to make its debut on Binance, traders can expect heightened volatility. BONK is trading at $0.00002952 at press time, surging from a 24-hour low of $0.00001392, according to data from CoinGecko. The meme coin has reportedly breached the $0.00003 price level.
The post Coinbase Hype Still Fresh: Can BONK Hold Onto Its Gains with Binance Debut? appeared first on Coin Edition.
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White House Crypto Summit Concludes Without New Announcements
According to BlockBeats, the live broadcast of the White House Crypto Summit, provided by official White House sources and CNBC, has concluded. U.S. President Donald Trump made a brief appearance during the broadcast, serving more as an opening host than delivering a substantial speech.
The summit did not introduce any new policies or content. Due to previous delays, it remains unclear if the opening remarks were intended to be the anticipated 'speech' that had been previously announced.
Please be informed that Binance P2P transactions will be closing on March 31st, 2025. However, the last date to complete your P2P transactions is March 25th, 2025. After this date, P2P trading will no longer be available.
We recommend settling all your ongoing transactions and exploring alternative methods for your trading needs before the deadline.
For further updates, please refer to Binance’s official announcements. Stay cautious of scams and always verify information from official sources. #USCryptoReserve
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