Claim BonusBONK Price Shoots 12% On Major Listing, Is $10B Market Cap Coming?
Highlights
- The recent BONK price rally extends the weekly gains to more than 75% after Upbit listing.
- Upbit listing has spurred optimism for BONK’s growth and surge in trading volumes.
- Analysts predict $10 billion market cap to become 3rd largest meme coin.
Solana-based meme coin BONK has been on a mega rally over the past week gaining another 12% today soon after listing on Korean crypto exchange Upbit. As a result, BONK price has shot up more than 12%, with its market cap shooting past $4.2 billion. Also, the daily trading volume has shot by a massive 77% moving all the way past $2.7 billion showing huge investor interest.
BONK Price Breakout After Upbit Listing
Earlier today, South Korea’s largest crypto exchange Upbit announced the launch of BONK’s Korean Won trading market. The listing will significantly boost trading volume for the meme coin driving BONK price even higher.
The South Korean exchange also announced that deposits and withdrawals are only supported through the guided network (BONK-Solana). Also, with Korean crypto investors having a greater appetite for meme coins and altcoins, this development could bode well for the entire BONK community.
Interestingly, this development came at a time when the South Korean crypto exchange is facing a probe over KYC violations. The Financial Intelligence Unit (FIU) has identified more than 500,000 instances of inadequate customer verification by Upbit.
The recent BONK price surge shows a strong breakout from its previous highs. Analysts predicts another 100% rally to take the BONK market cap to more than $10 billion.
What if BONK doesn't slow down? pic.twitter.com/a4cOnb811p
— WebTrend (@WebTrendCo) November 19, 2024
Among the list of top meme coins, BONK ranks 4th currently. However, it might challenge the likes of Pepe Coin (PEPE) in the future.
BONK Whale Activity Skyrockets
Blockchain analytics platform Lookonchain has revealed significant activity from a well-known smart whale. It noted that a smart investor who previously earned a staggering $4.84 million profit from POPCAT, is now turning its attention to BONK.
Over the past two days, the whale has spent 3.4 million USDC stablecoin to acquire 65.4 billion BONK tokens. This signals the growing confidence in the meme coin’s potential to continue the BONK price rally further.
The smart whale who previously made $4.84M profit on $POPCAT is buying $BONK!
In the past 2 days, he has spent 3.4M $USDC to buy 65.4B $BONK.https://t.co/Or4O9Xx6TQhttps://t.co/57q50iJD1Zhttps://t.co/HPIpN8u1PZ pic.twitter.com/5lnUCBuEPZ
— Lookonchain (@lookonchain) November 20, 2024
BONK price currently trades at $0.0000559, with a 24-hour high and low of $0.00004882 and $0.00005916, respectively. With today’s rally, BONK has already extended its weekly gains to more than 75%. It competes with 53% weekly gains by Pepe coin as its trading activity surged to eight-month highs.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Who is the Next Fed Chair? Trump Set to Name Kevin Warsh as Powell Successor Today
- Crypto Market Crash: Here’s Why $2B in Bitcoin, ETH, XRP, SOL, HYPE & Top Altcoins Got Liquidated
- CFTC Chair Michael Selig Signals New Regulatory Framework for Prediction Markets
- U.S. Government Shutdown Fears Ease as Senate Democrats Reach Deal With Trump
- SEC, CFTC to Sign MoU on Crypto Oversight in Bid to Make America the Crypto Capital
- Ethereum and XRP Price Prediction as Odds of Trump Attack on Iran Rise
- Gold and S&P 500 Price Prediction as BTC $88K Sparks Global Risk-On Rally
- How High Can Hyperliquid Price Go in Feb 2026?
- Top Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe, and Pump. Fun as Crypto Market Recovers.
- Solana Price Targets $200 as $152B WisdomTree Joins the Ecosystem
- XRP Price Prediction After Ripple Treasury launch
