• Bond costs soared after Korea Alternate Bithumb introduced the itemizing of BONK on the KRW market.
• Solana meme coin has reached a two-week excessive as Bitcoin leads the rally within the cryptocurrency market.

BONK, Solana’s first dog-themed meme coin, has seen a big rise prior to now 24 hours.

Based on market knowledge from CoinGecko, BONK value rose 9% to commerce at $0.00002623, the best value for the meme coin in two weeks.

Why did the BONK value skyrocket right this moment?

Bonk’s efficiency over the previous 24 hours is in step with the rise in crypto costs.

These got here as markets reacted to the newest US inflation knowledge, which confirmed a softer-than-expected CPI studying. Bitcoin soared above $66,000 as shares soared to weekly highs, with analysts predicting it might rise to $74,000.

Optimistic sentiment pushed most altcoins increased, with Ethereum topping $3,000 and Solana hovering above $160.

BONK value mirrors different meme cash and has seen a slight enhance as mega caps soar.

Bonk prolonged its good points on Thursday following information that South Korea's second-largest cryptocurrency change, Bithumb, had dedicated fraudulent transactions. introduced Bonk listing.

The platform will start buying and selling BONK in Korean Received (KRW) on Could sixteenth at 17:00. Bithumb additionally lists Zeta Chain (ZETA).

South Korea is likely one of the prime crypto markets, and Bonk's itemizing on Bithumb is anticipated to extend memecoin's visibility in addition to liquidity. Quantity rose 30% in early Thursday buying and selling.

BONK value might get away of the highs seen in March and April and retest the extent. If the general market continues to rise, the bullish momentum might strengthen.