Bonk’s Robinhood Crypto EU Listing, ‘This Isn’t A Memecoin Anymore’ Council Member Says
By Benzinga
While Bonk (CRYPTO: BONK) is up 121% on the week, a Robinhood Crypto EU listing did little to stop the sell pressure the populcar meme coin is facing.
What Happened: Robinhood Crypto EU announced on its X (formerly Twitter) account that Bonk is now live for trading on Robinhood Crypto in select EU jurisdictions.
The exchange notified users that they can buy, sell and trade on the app and earn a percentage of their trades back in Bitcoin.
Bonk took to its official account to announce the launch of first public BONK Ecosystem game of MoonwalkFitness on Tuesday, March 5. The entry fee will be 1.234 million BONK tokens.
Why It Matters: Bonk currently boasts of a 24-hour trading volume of $1.85 billion, ahead of Dogwifhat’s $401.7 million and Floki’s $907.5 million per CoinMarketCap data.
Financial account Stocktwits included Bonk top trending symbols in sixth position.
Bonk ranks fourth by social activity among meme coins, based on a recent CryptoDep ranking, with 17,100 posts, 10.1 million interactions and 1.35% social dominance.
Traders remain upbeat about Bonk's fundamentals:
Teams matter.
The team behind @bonk_inu have that 'it' factor. They've got smarts, emotional intelligence, and are forward thinking. Above that, they have ethos.I'm proud to be part of the council, voting on their initiatives, which are almost all about how to support the…
— Cab 🌋 (@Cabanimation) March 5, 2024
One pseudonymous trader anticipates further price upside for Bonk:
Extended $BONK max target to 2x from our entry� https://t.co/3ry9FKkFG9 pic.twitter.com/tGNC5xsgbQ
— UNKNOWN TRADER (@Learnernoearner) March 4, 2024
Following its significant run-up in the past week, Bonk is currently facing sell pressure, down 20% on the day at the time of writing.
Read Next: Meme Coin Mania: Can Solana's BONK, WIF Topple Dogecoin And Shiba Inu?
Image: Shutterstock
