Amidst a new listing on Robinhood, popular memecoin BONK has picked up a massive upsurge as it is sustaining its recent epic rally.
BONK Joins Bitcoin and Ethereum on Robinhood
The American financial company and trading platform announced on X that it has started offering trading services support for BONK.
This means that interested customers in certain selected European Union countries can now buy, sell, and trade the memecoin on the platform. This listing places BONK amongst other top cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and Solana that are also hosted on the platform.
Robinhood even has a system where customers get to earn a percentage of their trade in Bitcoin (BTC), an offering subject to terms and conditions.
In response to the listing, the price of BONK initially jumped by 19%, showing an increased interest amongst investors. At press time, BONK was trading at $0.00003431. Notably, the memecoin has been on a positive momentum for the last few days. Per the current market outlook, BONK has maintained a 137% growth over the trailing 7-day period.
Analysts suggest that this move is consistent with the performance that the memecoin showed around the time when it surpassed PEPE in market capitalization, even with the latter’s 184.8% increase. BONK ended up with a market cap of $1.4 billion leaving PEPE behind with $1.34 billion. This indicates a 90% surge for BONK over the same period.
Massive Memecoin Rally Still In Season
Noteworthy, the surge in the dog-themed memecoin’s price is part of the ongoing broad memecoin rally. Collectively, these cryptocurrencies have contributed to the $2.5 trillion market cap of the industry. Shiba Inu (SHIB) has equally seen a recent price jump of up to 52% accompanied by Dogecoin’s 18% gains. SHIB Price moved to $0.00001976 with a market cap of $11.65 billion.
The rally impacted its trading volume by 93% moving it closer to $14,809,107,426. Up until this time, the SHIB is still very bullish, reeling in more profits as its holders in profit soared to more than 84% per data from crypto analytics platform IntoTheBlock (ITB). Shiba Inu is trading at $0.00003724 with a 27.96% increase in the last 24 hours.
Considering the consistent increase in the last couple of days, it appears that the memecoin rally may be around for a while.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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