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BONK Added to CF Index Along with Dogecoin and Shiba Inu, BonkBot Burns 1.2 Billion Tokens
June 4, 2024 11:19 am | 2 minute read
Merchants they are increasingly bullish ON Good (CRYPTO: BONK) following its listing on the CF index.
What happened: Bonk it was included in the CF Broad Cap Index alongside cryptocurrencies such as Pepe, Fetch.ai AND Six. The CF Large Cap Index also includes major meme coins Dogemoneta AND Shiba Inuas well as Ethereum AND Solana. On his official page, Bonk stated “The Dog is so excited.”
CF Benchmarks is the world’s first and leading digital asset index provider, authorized and regulated by the UK FCA, and has been providing daily reference rates and real-time indices to the second since 2017. The indices are used by ECM, Black rock, Fidelity and 10 of the 11 US issuers of Bitcoin ETFs, as well as regulated spot venues such as Coinbase, Twins AND Kraken.
The index aims to capture 99% of the total market capitalization of the investable digital asset universe.
Because matter: BonkBot announced which burned 1.2 billion BONK, worth $40,502, in the last 24 hours. This brings the total BONK burned to 353.7 billion, worth $11.6 million based on current prices.
Over the past 24 hours, BONK fell 8.2% to $0.00003198. However, compared to the previous month, BONK increased by 15.5%.
Cryptocurrency trader Zer0 tweeted which proves to everyone who sells Bonk at this price. He said: “But panic selling one of the strongest coins of this cycle at support is not one of them.”
Another cryptocurrency trader, Maynehe tweeted,
What’s next: The influence of meme coins and Bitcoin as an institutional asset class it is expected to be explored in depth at Benzinga’s next event The future of digital assets event on November 19th.
Read next: This Dog Coin Is Up 53% And Is “Still In Ripper Mode”… But It’s Not Dogecoin
Image: Shutterstock
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