Key Points
- Bithumb exchange announced the listing of Bonk (BONK) and ZetaChain (ZETA) today.
- The announcement triggered price surges for the coins, 6% for BONK and 13% for ZETA.
Bithumb, the second largest crypto exchange in South Korea announced the listing of Bonk (BONK) and Zeta Chain (ZETA) on the Korean won market today, May 16.
BONK trading will be open at 17:00 and ZETA trading is scheduled to be open at 18:00 on the platform.
The announcement triggered impressive price surges for both tokens.
At the moment of writing this article, BONK is up by over 6% today, according to data from CoinMarketCap. The total market cap of the coin is now about $1.66 billion.
ZETA is now up by over 13% today, according to CoinMarketCap. The total market cap of the coin is now approximately $457 million.
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What is Bonk (BONK)?
Bonk is reportedly the first dog-themed coin on Solana, according to the team behind the project. It has been built for the people and by the people, they note. 50% of the total supply of the coin airdropped to the Solana community.
BONK is similar to coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) and it was launched back on December 25, 2022. Trading began on December 30 2022, triggering increased interest from t he crypto community.
The main goal of the project is reportedly to bring back liquidity to Solana-based decentralized exchanges. The idea of the devs was to create a full-fledged community coin that will be used across all the dApps built on Solana.
According to the team, each user will have the opportunity to become part of the ecosystem, and everyone will get a far shot. BONK was airdropped randomly to Solana NFT collectors, devs, and artists.
What is ZetaChain (ZETA)?
ZetaChain is a novel L1 that has chain-agnostic interoperability built-in. Devs currently use ZetaChain’s messaging capabilities to send data and native value (without wrapping assets) between any chains.
ZetaChain is also set to support native smart contracts which allow devs to build omnichain dApps that orchestrate funds across chains from a single contract.
The team behind the project built the blockchain to “connect everything.”
The ZETA coin powers ZetaChain, and it facilitates cross-chain value transfer, securing the blockchain via slashing/bonding/staking, paying for gas fees, processing transactions, and storing data.
Users can safely transfer native value across chains via ZETA without any risks.
