Bonk (BONK) posted impressive numbers in the previous month, marked by a cryptocurrency rally, which has prompted its price surge by almost 1,300%, a development that investors are keenly tracking.
Considering that Bonk is significantly less popular or recognized than meme coins such as Dogecoin (DOGE), FLOKI (FLOKI), or Pepe (PEPE), its ascent in the ongoing cryptocurrency rally is all the more noteworthy.
Contributing to its growing recognition, a significant development occurred on November 20 when Bitmex officially declared that BONK is now accessible for trading on its cryptocurrency exchange platform. This announcement is expected to play a pivotal role in further elevating the coin’s prominence in the market.
The meme coin is poised for an additional boost, with Binance, the world’s largest cryptocurrency exchange by volume, announcing its official support for perpetual futures trading for Bonk on Wednesday, November 22.
Current market sentiment and the recent implementation
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