Bonk Inu (BONK), the favored Solana-based dog-themed meme coin, has not too long ago marked a monumental stride inside the international crypto panorama. Notably, the meme token introduced the launch of a BONK exchange-traded product (ETP) within the U.S, rising because the first-ever meme coin to attain this feat. Crypto market fans speculate whether or not the ETP launch may gas a optimistic influence on the asset’s value forward.
Bonk Inu Unveils BONK ETP In The U.S.
In keeping with the most recent Solana Breakpoint, a multi-day occasion for devs and fans, the Bonk Inu (BONK) neighborhood is launching an ETP within the U.S. “This marks the first-ever step in direction of a BONK ETF,” the announcement added.
The Solana meme coin‘s workforce is working with Osprey Funds, a New York-based firm that helped streamline one of many first Bitcoin ETFs and Solana Belief, to roll out the ETP within the U.S. Notably, the meme token’s neighborhood additionally revealed that it’s trying ahead to launching the ETP by the top of this yr.
In the meantime, the announcement added that the ticker stays the identical, BONK. Total, the plans for an upcoming ETP launch have sparked a tidal wave of optimism for the token globally.
What’s Subsequent For The Coin’s Value?
At press time, Bonk Inu (BONK) value rested at $0.00001803, down 2% previously 24 hours. The coin’s intraday high and low have been recorded as $0.00001762 and $0.00001861, respectively. Right now’s waning motion falls in keeping with the broader crypto market pattern.
Nonetheless, the meme token’s long-term prospects shine with bullishness, attributable to the looming BONK ETP launch forward. For context, the ETP launch is predicted to drive additional investor curiosity within the asset, bringing a brand new gush of cash influx to the token’s ecosystem.
Concurrently, crypto market fanatic ‘TraderKoz’ took to X, spotlighting a robust, resilient value sample for BONK. In keeping with the put up, the dog-themed token ‘simply put in a clear triple faucet.” This assertion refers to a sample the place the asset’s value examined help thrice and bounced again up. Coupled with the ETP launch, this value sample has added to bullishness on the asset’s long-term prospects. Market watchers proceed to watch the coin for future value motion shifts.
Disclaimer: The offered content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
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