- Bonk (BONK) listed on KuCoin, the sixth-largest crypto exchange.
- BONK trading commenced with deposits, withdrawals to follow on November 29, 2023.
- BONK’s value rose 4% post-listing, initially airdropped to Solana community on Christmas 2022.
The dog-themed cryptocurrency Bonk
Deposits for the trading pair BONK/USDT, which operates on the SOL network, are currently accepted, and active trading is underway as of the time of this report. Furthermore, KuCoin is set to permit withdrawals of BONK starting at 10:00 UTC on November 29, 2023.
Immediately following the announcement by KuCoin on its official X page, the meme cryptocurrency BONK experienced a rise to a value of $0.00000396. This value represents a 4% increase over the initial market value of BONK at the opening, which was $0.00000380.
On December 25, 2022, BONK was initially distributed to the Solana community through a Christmas airdrop and became available for trade on December 30 of that year. Half of the entire supply of the $BONK airdrop was allocated to $SOL users, with the distribution divided among 40 NFT collections receiving 20%, individuals who traded early on openbook getting 15%, artists and collectors being given 10%, and developers obtaining 5%.
In the months that ensued, BONK peaked at 480,000 distinct holders. The objective of BONK was to provide rewards to dedicated Solana users and to support applications that could be realized exclusively on the Solana platform.
The official KuCoin website states that the meme cryptocurrency inspired by dogs has consistently been the most traded token on the Solana network, following only $SOL and USDC, since the start of 2023. The inclusion of BONK in KuCoin’s offerings aligns with the exchange’s goal to offer its customers a wide range of digital currencies.
BONK has joined a vast collection of cryptocurrency assets, such as Chainflip, ROOT, VRTX, among others. Recently, KuCoin introduced KuCard, a debit card that integrates digital currencies with conventional banking services.
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