Bonk Inu (BONK), a popular dog-themed meme coin on the Solana network, has taken a big step in the global crypto world. The coin recently announced the launch of a BONK exchange-traded product (ETP) in the U.S., making it the first meme coin to do so. Many crypto fans are wondering if this ETP launch will help boost BONK’s price.
During the recent Solana Breakpoint event, which brings together developers and enthusiasts, the Bonk Inu (BONK) community shared the news about launching the ETP in the U.S. They added, “This is the first move towards a BONK ETF.”
The team behind Solana’s meme coin, Bonk Inu (BONK), is partnering with Osprey Funds, a New York company that helped create one of the first Bitcoin ETFs and Solana Trust, to bring the BONK ETP to the U.S. The community shared that they aim to launch the ETP by the end of this year. They also confirmed that the ticker will remain BONK. This upcoming launch has sparked excitement and optimism for the token around the world.
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BONK ETP Launch Fuels Optimism Amid Market Dip
At the moment, Bonk Inu (BONK) is priced at $0.0000179793984, down 1.34% in the last 24 hours. The coin’s lowest and highest prices today were $0.00001762 and $0.00001861. This drop follows the overall trend in the crypto market. However, BONK’s future looks promising due to the upcoming ETP launch, which is expected to attract more investors and boost the token’s ecosystem.
At the same time, crypto trader ‘TraderKoz’ posted on X, highlighting BONK’s strong price pattern. He mentioned that the token completed a “triple tap,” where the price tested support three times and bounced back. This pattern, combined with the ETP launch, has increased confidence in the coin’s long-term potential. Market watchers are keeping an eye on BONK for any future price changes.
