Binance Lists New Solana-Based Meme Coin Amidst 2,500% Price Surge – Bull Market Officially Here?

Photo of author

By BitcoinWiki News

Key Takeaways:

– Binance announces launch of BONK futures offering
– BONK has seen a dramatic surge in the market, rising more than 50% in the past 7 days
– BONK had a market capitalization of just over $270 million
– New listing on Binance Futures for USDⓈ-M 1000BONK, a USD-margined and settled contract with leverage up to 50x
– Binance also announced the listing of a perpetual futures contract for PYTH
– BONK and PYTH listings are scheduled to go live on November 22, 2023
– Listings are part of a marketing strategy orchestrated by the new Binance CEO, Richard Teng


Binance, the world’s largest cryptocurrency exchange, has added BONK futures offering to its platform, amidst a surge in the market for the Solana-based meme coin. The token has seen a dramatic rise in value, with BONK’s market capitalization reaching over $270 million and ranking 158th in terms of market cap among other crypto assets. Binance has also announced the listing of a perpetual futures contract for PYTH, another Solana-based token. These new listings come as the exchange faces challenges following the departure of its founder and former CEO Changpeng Zhao, with some speculating that the move is part of a marketing strategy orchestrated by the new Binance CEO, Richard Teng.

This is sponsored by: Learn Bitcoin Option

Leave a Comment