What is BONK / TetherUS (BONKUSDT)?
BONK / TetherUS (BONKUSDT) is a spot trading pair on Binance that tracks the price of BONK, a Solana-based meme coin, against TetherUS (USDT), a US dollar-pegged stablecoin. As a spot market, it lets traders buy and sell the underlying tokens directly for immediate settlement rather than through derivatives or leveraged contracts. The pair is quoted in USD terms, making it a straightforward way to gain or exit exposure to BONK. On TradeSearcher, this pair has been evaluated across more than 2,700 backtests, drawing on historical data going back to 2000 to assess strategy performance over an extended time horizon.