OKX Lists Jito (JTO) and Bonk (BONK) Tokens
OKX, one of the largest cryptocurrency exchanges, has announced the listing of two popular tokens in the crypto community. Jito (JTO) and Bonk (BONK) tokens are now available for deposits on the OKX spot platform. Trading pairs with JTO/USDT and BONK/USDT are also open, with asset withdrawals starting on Jan. 9.
BONK Listing by Major Crypto Exchanges
Last month, Binance and Coinbase reported the listing of the BONK token. Coinbase added token trading on Dec. 14, while Binance listed it on Dec. 15 with various trading pairs. Kraken and WazirX later followed suit by announcing their own listings of BONK.
Price Volatility of BONK
Following its listing, BONK experienced significant price volatility. After rising more than 10,000% in two months, the meme coin’s value dropped by 17% over the past month to reach $0.00001004.
The Launch of JTO Token
JTO is a token launched in November 2023 to govern and stimulate the development of a liquidity protocol based on Solana. It is backed by investors such as Solana Ventures and Anatoly Yakovenko, co-founder of Solana Labs. The Jito Foundation plans to issue 1 billion JTO tokens, with an initial circulating supply of 115 million tokens.
Hot Take: OKX Expands Token Offerings with JTO and BONK Listings
OKX continues to enhance its offerings by listing Jito (JTO) and Bonk (BONK) tokens on its spot trading platform. This move provides crypto enthusiasts with more options for trading and investing. The popularity of meme coins like BONK has led to their widespread adoption across major exchanges, including Coinbase and Binance. However, it is important to note the price volatility associated with such tokens, as evidenced by BONK’s recent decline. With the addition of JTO, OKX aims to support the development of a liquidity protocol based on Solana, attracting investors interested in this innovative blockchain technology.
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