Solana

Ponke

Raydium

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bithumb added RAY and PONKE KRW pairs today at 5:00 Korean time.</li> 
 <li>Following the exchange’s announcement, the coins’ prices experienced surges, with PONKE reaching a new ATH.</li> 
</ul> 
South Korea’s second-largest crypto exchange, Bithumb, announced the listing of two new coins today, supporting the KRW market. 
Earlier, Bithumb announced the listing of Raydium (RAY) and Ponke (PONKE), two coins on Solana. The trading start time was scheduled for 5:00, Korean time. 
The base price for RAY was set at 7,855 KRW and the base price for PONKE was set at 992 KRW. 
Following the exchange’s <a href="https://feed.bithumb.com/notice/1645228" rel="nofollow noopener" target="_blank">announcement</a>, the coins’ prices’ recorded surges. 
<h2 id="ray-and-ponke-prices-spiked-this-morning">RAY and PONKE Prices Spiked This Morning</h2> 
RAY Price Recorded a Spike&nbsp; 
On November 19, around 5:00 AM, <a href="https://crypto.ro/en/cryptocurrencies/raydium/">RAY</a> debuted a price surge from around $5.6, topping $6.05 earlier, before a correction. 
At the moment of writing this article, RAY is trading at $5.71, down by 1.5%, after a previous price surge of around 6%. 
<figure id="attachment_53434" aria-describedby="caption-attachment-53434" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/RAY_1D_graph_coinmarketcap.jpeg"><img loading="lazy" decoding="async" class="wp-image-53434 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/RAY_1D_graph_coinmarketcap.jpeg" alt="RAY price in USD today" width="1200" height="800" title="South Korea's Bithumb Listed RAY and PONKE 41" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/RAY_1D_graph_coinmarketcap.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/11/RAY_1D_graph_coinmarketcap-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/RAY_1D_graph_coinmarketcap-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/RAY_1D_graph_coinmarketcap-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/11/RAY_1D_graph_coinmarketcap-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/11/RAY_1D_graph_coinmarketcap-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-53434" class="wp-caption-text">
 RAY price in USD today
 </figcaption>
</figure> 
The coin has a market cap of $1.66 billion, after reaching $1.76 billion earlier today. 
During the past week, the coin recorded intense volatility, reaching a top of $6.15 on November 18. A day before, on November 17, the coin recorded another notable price spike from $5 to $6.09. 
Raydium is an automated market maker (AMM) protocol based on Solana, supporting liquidity provision and decentralized trading. 
PONKE Reaches a New ATH 
Earlier today, around 5:00 AM, <a href="https://crypto.ro/en/cryptocurrencies/ponke/">PONKE</a> also debuted a price surge from levels around $0.72 and reached a top above $0.83 before a correction. This marked a new ATH for the token. 
At the moment of writing this article, PONKE is trading around $0.8, up by 13% in the last 24 hours. 
The earlier price surge was almost 15%, taking the coin’s market cap from $407 million to $465 million. The current market cap of the coin is above $448 million. 
<figure id="attachment_53435" aria-describedby="caption-attachment-53435" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/PONKE_1D_graph_coinmarketcap.jpeg"><img loading="lazy" decoding="async" class="wp-image-53435 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/PONKE_1D_graph_coinmarketcap.jpeg" alt="PONKE price in USD today" width="1200" height="800" title="South Korea's Bithumb Listed RAY and PONKE 42" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/PONKE_1D_graph_coinmarketcap.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/11/PONKE_1D_graph_coinmarketcap-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/PONKE_1D_graph_coinmarketcap-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/PONKE_1D_graph_coinmarketcap-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/11/PONKE_1D_graph_coinmarketcap-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/11/PONKE_1D_graph_coinmarketcap-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-53435" class="wp-caption-text">
 PONKE price in USD today
 </figcaption>
</figure> 
The past 7 days marked a continued ascendant trajectory for the coin, taking it to a new ATH today. 
PONKE is a memecoin built on Solana and its symbol is a monkey. 
<a href="https://www.coingecko.com/en/categories/solana-meme-coins" rel="nofollow noopener" target="_blank">CoinGecko</a> data shows that PONKE is among the memecoins trending on Solana today, together with PNUT and ai16z.

South Korea’s Bithumb Listed RAY and PONKE

Table of Contents

crypto.ro global

Other articles published on Nov 19, 2024

Bitcoin Enters Euphoric Phase: What It Means for the Market

Quantoz Unveils MiCA-Compliant Stablecoins USDQ and EURQ Backed by Tether and Kraken

🗒 Daily Newsletter | Tuesday, November 19, 2024

Weekly Article Recap: 11/11-11/15

Bitcoin Fractal Cycle: Can BTC rally Continue for 11 months?

Uniswap (UNI) Price Shows Bullish Potential After Recent Correction – Here’s the Outlook

Join our free newsletter for daily crypto updates!