🚀 Solana Meme Coin BONK Surges 25% on Binance Listing

🐕 It seems that every dog must have its day, and its own moon, as BONK, a meme coin on the Solana network, which saw a sharp increase in value earlier this week, has surged even higher today, marking a jump of over 25%, according to data on CoinGecko.

📈 The pump came after Binance, the world's largest cryptocurrency exchange, announced it would launch a futures offering for BONK — 1000BONK — alongside an offering for PYTH, a decentralized finance (DeFI) oracle network that made waves with its 255 million PYTH tokens getting rug pulled.

📢 Interestingly, the two hottest coins on Solana made it to Binance's listing, considering the exchange recently lost its high-profile CEO, and there has been an outflow of funds exceeding $1 billion. Industry observers are calling BONK and PYTH actions an early market move by Binance's new CEO, Richard Teng.

💰 BONK barely makes it into the top 250 cryptocurrencies by market capitalization, which currently stands at $197 million USD and is trading at $0.00000459 USD at the time of writing. However, it set an all-time high on Monday, surging 1700%.

📊 Its popularity seems to be driven by the rising prices of SOL, as developers rediscover the blockchain's strengths. But while SOL has risen 90% over the last 30 days, the top meme coin on the network, BONK, has demonstrated even more significant growth.