Bonk Jumps After Partnership With Nasdaq-Listed Company
Solana-based memecoin Bonk (BONK) is experiencing a price surge amid a larger market-wide resurgence. According to CoinGecko data, BONK’s price has rallied 3.3% in the last 24 hours, 4.9% in the last week, 17.1% in the 14-day charts, and 5.3% over the previous month. BONK is currently outperforming Bitcoin (BTC), Ethereum (ETH), XRP, and other top 10 projects by market cap in the daily charts. Let’s discuss what’s pushing the memecoin’s price. Source: CoinGecko Why Is Bonk Rallying Today? Source: Watcher Guru BONK’s rally comes amid a new partnership announcement with a Nasdaq-listed company. According to a PR release, Sharps Technology (STSS) has partnered with BONK to leverage the project’s liquid staking infrastructure. Sharps Technology also has a Solana digital asset treasury. BONK is a top project of the Solana ecosystem and has garnered the attention of STSS’s treasury strategy. According to James Zhang, Strategic Advisor to STSS, “...