Binance to List Meme Coin BONK Under Seed Tag Section, Price Up 115% in 24 Hours

Binance Meme coin Solana

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Jai Pratap

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Jai Pratap

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Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

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December 15, 2023

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After Coinbase, Binance has announced to list hyped meme coin BONK under seed tag section. The trading for the Solana-based meme coin will open at 16:00 Beijing time.

The price of BONK is up over 115% in the last 24 hrs and over 1100% in the last 30 days.

With a market cap of over $1.7 billion, BONK is only behind Dogecoin and ShibaInu.

BONK Deposits on Binance Go Live

As per the official announcement, new spot trading pairs for BONK include: BONK/USDT, BONK/FDUSD, and BONK/TRY.

Users can already start depositing the meme coin on Binance in preparation for trading. Withdrawals for BONK will open on 16th December, 08:00 (UTC).

In addition, Binance will add BONK as a new borrowable asset with this new margin pair on Isolated Margin, within 48 hours from 2023-12-15 08:00 (UTC). The new isolated margin pair for the cryptocurrency will be BONK/USDT.

How to Access BONK on Binance

Accessing tokens labeled with a Seed Tag on Binance Spot and/or Binance Margin platforms now requires users to successfully complete the relevant quizzes every 90 days, in addition to accepting the Terms of Use.

As per Binance, the quizzes have been designed to verify users’ awareness of associated risks before engaging in trading activities involving Seed Tag tokens.

Identifying Seed Tags is facilitated on the respective Binance Spot and Binance Margin trading pages, along with the Markets Overview page. To further emphasize risk awareness, a warning banner will be prominently displayed for all tokens featuring the Seed Tags, creating a comprehensive system to inform and educate users about the unique risks associated with these specific tokens.

Earlier, Coinbase announced to list BONK after which the price of the meme coin surged significantly.

Solana’s Saga Mobile Phones Sold Out Amid BONK Rally

The recent surge in Bonk token value has led to a swift sellout of Solana’s Saga mobile phones in North America, with only a limited number remaining in Europe. Each Saga mobile phone includes 30 million Bonk tokens, valued at around $900 with current BONK price, which basically covers the cost of the phone itself.

Interestingly, Solana Labs co-founder Anatoly Yakovenko recently expressed regret on a podcast regarding the initially underestimated success of the Saga mobile phone sales.