Bonk Market Value Hits $2 Billion: Price Jumps by 144%

Bonk, Solana's biggest meme coin, is now on Binance and its value jumped by 144% within a week. Created by an unknown team, Bonk's market value hit $2 billion, placing it in the top 50 cryptocurrencies.

Binance started trading Bonk in various pairs but warned of its high volatility as it's a meme coin with unknown creators. Despite this, Bonk's price soared, making it the third-largest meme coin after Dogecoin and Shiba Inu.

The price of Bonk skyrocketed over 8,820% in 56 days. Its surge boosted sales of the Solana Saga Mobile, which sold out in the U.S. This phone comes with a Bonk airdrop, now valued at over $1000.

The Solana mobile, priced at $599, effectively becomes cost-free with the Bonk airdrop. This highlights the impact of the BONK listing on Binance and its overall market presence.