Solanas dog-themed hidden gem Bonk (BONK) entered a crypto market correction phase after a massive 2247% two-month bull run. The emerging memecoin shortly invaded the TOP 50 by global market capitalization but had the $2 billion market cap milestone cut in half days later.
Last week, Binance and Coinbase both simultaneously added BONK to their spot trading services. Today, the globally leading crypto platform Binance has made announcements concerning BONK trading: expanding the BONK trading range and adding a few juicy bonuses.
Binance is slated to enable artificial intelligence-assisted trading on these pairs: 1000SATS/USDT, BONK/USDT. According to the official statement from Binance, Bonks trading opportunities via the bots service will consist of three modes:
These BONK AI trading services will kick in on December 21, 2023, at 08:00 (UTC).
In another trading campaign, Earn Wednesday, Binance offers crypto enthusiasts the opportunity to stake Bonk with a real-time boosted APR without locking the assets. The flexible staking promotion also includes a prize pool worth $65,000 in crypto and can earn crypto traders an additional $5 BONK voucher if the $100 trading volume threshold is met.
Meanwhile, BONKs price movement has entered a market correction phase today, dropping to the daily lows of $0.00001773 in the early hours of Wednesday. Despite dropping nearly $1 billion in five days since hitting its all-time high of $0.00003416 on December 15, the comfortable market correction instilled some optimism among the SOL community.
To illustrate, Marius Altbri, a founder of a crypto startup, expects to see a second leg on the post-listing bull run up to $0.00004. The crypto enthusiast alludes to the instantaneous dip of fellow memecoin Shiba Inu (SHIB) after the canine coin was listed on Binance and Coinbase in May 2021. While this would shape a new all-time high for Solanas top dog, the chances heavily depend on the largest digital assets performance during the holiday season.
The emerging dog-embossed BONK is one of the most-watched altcoins in the last quarter of 2023. BONK significantly contributed towards the mass adoption of Solanas blockchain through several initiatives, including a 30 million airdrop for anyone purchasing the SAGA Web3 phone.
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Solanas BONK Dips as Binance Activates Advanced Trading Bots - DailyCoin
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