Bonk Inu grew by 1000% in a month

The cryptocurrency market sensation Bonk Inu (BONK) continues to reach new all-time highs almost every day. Over the past 24 hours, the meme-coin of the Solana ecosystem SOL $133.30 Solana -0.48% Market capitalization $61.7 billion VOL. 24 hours $1.01 billion has soared by another 100%, and in the 30-day range, its growth has exceeded 1,000%. Moreover, BONK has come close to a staggering market capitalization of $ 2 billion.

One of the factors that may be behind the recent rally, according to crypto experts, is the interaction of memcoin with the Binance crypto exchange. The world’s leading crypto platform has announced that it will list the asset on its platform today, December 15, opening the following spot trading pairs: BONK/USDT, BONK/FDUSD, and BONK/TRY.

Withdrawals will be available from December 16, and the listing fee for BONK will be 0 BNB. In addition, on December 17, Binance plans to add meme-coin as a leveraged asset to its Isolated Margin program.

Despite the listing of BONK on its platform, the exchange warned users that the token «presents a higher risk than usual and is therefore likely to be subject to high price volatility.»

«Please ensure that you exercise adequate risk management, do your own research on the fundamentals of BONK, and fully understand the project before deciding to trade the token,» the exchange added.

It is worth noting that Binance is not the first cryptocurrency exchange to announce support for Bonk Inu. Prior to that, Coinbase included the asset in its roadmap and then placed it on its platform.