OKX, a famend cryptocurrency trade, introduced two new listings on January 8, 2024. The platform is increasing its spot buying and selling market by including two new cryptocurrencies, Bonk (BONK) and Jito (JTO), primarily based on the Solana blockchain. Forward of this announcement, Jito and Bonk value declines prolonged with important crashes.
Bonk And Jito Get Listed On OKX
Bonk and Jito spot buying and selling pairs went reside on OKX at 2 a.m. UTC on Monday, January 8, 2024. The itemizing of JTO introduces a liquid staking protocol throughout the Solana ecosystem. Furthermore, it’ll allow SOL token holders to stake their tokens and obtain Jito Staked SOL (JitoSOL) in return.
Along with Jito, OKX added Bonk, a trending Solana meme coin. Bonk represents the lighter aspect of the cryptocurrency area, specializing in group participation. For straightforward buying and selling, the OKX crypto trade structured the itemizing with JTO/USDT and BONK/USDT spot buying and selling pairs.
Deposits for JTO and BONK tokens have been activated on the identical day. However, withdrawals are set to be obtainable from 10:00 a.m. UTC on January 9, giving merchants full management over their property. Contemplating the rising recognition of the Solana ecosystem, this strategic transfer might improve OKX’s place within the cryptocurrency panorama.
Jito And Bonk Worth Replace
As of writing, the Jito crypto value plunged by 12.73% to $1.53 on Monday. While, its market cap dipped by 12.87% to $175.19 million. As well as, the crypto’s 24-hour buying and selling quantity slumped by an enormous 51.47% to $127.62 million.
Within the final seven days, after registering preliminary positive aspects, the JTO value dropped considerably. Therefore, its 1-week losses surpass 18%. Furthermore, it has misplaced practically 50% within the final 30 days. Although the latest OKX crypto trade itemizing information might assist in a value rebound, it’s nonetheless unsure because the market volatility has been peaking in latest instances.
However, Bonk, the dog-faced meme coin, skilled gigantic declines after surging unprecedentedly. The BONK price was down by 6.91% because it traded at $0.00001016 at press time on Monday. The meme crypto’s market cap stood at $643.38 million, down by 6.88%.
Nevertheless, its 24-hour commerce quantity soared by 24.15% to $126.02 million amid latest value declines. Within the final week alone, it has misplaced over 23% in worth. In the meantime, the 1-month loss is nineteen%, which is decrease because of the preliminary spikes recorded final month.
On December 15, 2023, it registered an all-time excessive of $0.00003419 however is presently buying and selling 70.29% decrease than it. The present development for the crypto is very bearish whereas the most recent announcement requires a value rebound. Nevertheless, there’s a excessive probability that Bonk might succumb to the bearish turndown available in the market earlier than a rebound.
The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
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