Binance recently introduced USDC pairs for BONK and FLOKI on its platform. How will the memecoins react to this going forward?
After having a look at the general trajectory of the crypto market since the beginning of the year, it is safe to say that the memecoin sector has gained the most in this period. For coins such as
Binance’s vast user base exposes the tokens to a much wider audience, increasing their visibility and potentially attracting new investors. This can lead to a rise in demand for BONK and FLOKI, which could drive their prices up. It could also increase the market cap of these tokens and help them flip WIF and PEPE to enter the top 3 memecoins club.Despite this update, the price of both of these tokens suffered over the last 24 hours. BONK witnessed a drop of 2.16% and was trading at $0.
The price fell till the $0.00001934 level before witnessing an upward momentum, which could have been driven by the recent Binance update.
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