Trader Profits Nearly $784,000 After BONK Listing on Binance and Coinbase
If you had invested in the Solana-based meme-inspired cryptocurrency BONK, you would have profited nearly $784,000 as the token was listed on major exchanges like Binance and Coinbase recently.
BONK Price Rises After Binance Listing
Lookonchain’s data shows that BONK’s price surged by over 1,000% in one month after its Binance listing, reaching above $0.00003. An investor then sold 52.3 billion BONK for a total of $927,000, making a profit of $784,000.
Impressive Rally for BONK
The crypto’s price skyrocketed from $0.00000016 in October before the exchange listings. This rally was driven by Solana’s adoption and FTX’s recovery. BONK is now one of the top 50 digital assets with a $1.8 million market cap.
About BONK and Its Successful Strategy
BONK’s team describes it as the “first Shiba Inu-themed Solana-based crypto” that’s “for the people, by the people.” Earlier this year, BONK burned 5 trillion tokens to support the price. The price rise also sparked an increase in sales for Solana’s Saga smartphone.
Hot Take
BONK’s listing on top exchanges Binance and Coinbase led to an impressive price surge, enabling a trader to profit nearly $784,000. Its team continues to burn tokens to support its price, and its success is also bringing in more sales for Solana’s Saga smartphone.