Bonk (BONK) Meme Coin Now Available for Trading on Kraken in the US and Canada

Kraken, one of the leading cryptocurrency exchanges, has announced that the Solana-based Bonk (BONK) meme coin is now available for trading in the US and Canada.

Major cryptocurrency exchange Kraken has announced that the Solana-based meme coin Bonk (BONK) is now available for trading in the US and Canada.

The red-hot meme cryptocurrency hit the meme coin scene in late 2022.

The token quickly gained popularity thanks to its airdrop, which was touted as the "meme coin for the people" and saw half of its supply being distributed to various members of the Solana community.

Despite its meme coin status and meme-heavy nature, Bonk has managed to gain some utility by being integrated into various decentralized finance protocols, games, and non-fungible token marketplaces.

The token also has its own Telegram-based trading bot called "BONKbot" and a decentralized exchange called "BonkSwap."

Kraken initially added support for BONK in December 2023, much to the delight of many.

The meme coin is currently available on all major exchanges, and Binance's BONK/USDT pair is the most popular pair with the meme coin, boasting $31.5 million in daily trading volume.

According to CoinGecko, BONK is the fifth-largest meme cryptocurrency by market capitalization, currently valued at $1.4 billion. This makes it the second-largest Solana-based meme coin after its rival dogwifhat (WIF), which is valued at $2.3 billion.

BONK is down 3.4% in the past 24 hours, but up nearly 7% in the past week.

The prominent meme coin hit its current all-time high in early March and is now down over 55%.

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