Solana meme coin Bonk Inu has announced plans to launch a BONK ETP in the United States, raising optimism for future price moves.
Bonk Inu (BONK), a popular meme coin built on the Solana blockchain, has made a significant breakthrough in the global crypto space.
The meme token has announced the launch of a BONK exchange-traded product (ETP) in the U.S., becoming the first-ever meme coin to achieve this milestone.
This development has sparked speculation among crypto enthusiasts about the potential impact on the token’s price.
Bonk Inu Introduces BONK ETP in the U.S.
At the recent Solana Breakpoint event, which gathers developers and enthusiasts, the Bonk Inu (BONK) community revealed the upcoming launch of a BONK ETP in the U.S. The announcement highlighted that this marks the “first-ever step towards a BONK ETF.”
The Bonk Inu team is collaborating with Osprey Funds, a New York-based firm known for helping to launch one of the first Bitcoin ETFs and the Solana Trust, to bring the ETP to the U.S.
The community has set its sights on launching the ETP by the end of the year, with the ticker symbol remaining as BONK. The news has generated significant optimism for the token globally.
What’s Next for BONK’s Price?
As of now, the Bonk Inu (BONK) price is at $0.00001803, reflecting a 2% decline over the past 24 hours. The token’s daily low was $0.00001762, and the high reached $0.00001861.
This downward movement aligns with the broader trend seen in the crypto market.
Despite the short-term dip, the long-term outlook for BONK appears bullish, largely due to the upcoming BONK ETP launch.
The introduction of the ETP is expected to attract more investors, leading to increased capital inflows into the token’s ecosystem.
Additionally, crypto enthusiast TraderKoz posted on X, highlighting a strong price pattern for BONK, describing it as a “clean triple tap.”
This refers to a scenario where the asset’s price tests support three times and rebounds, indicating strength.
Combined with the ETP launch, this pattern has further fueled optimism about the token’s long-term potential. Market observers are closely watching for future price movements.
