Solana-based Memecoin BONK Surges After Coinbase Itemizing

BONK, the favored Solana (SOL) memecoin that has rallied considerably in current weeks, noticed one other spike following Coinbase’s announcement of its itemizing on Thursday.

BONK initially skilled a short surge, adopted by a considerable decline. By Wednesday morning, the coin had dipped by 11% over the earlier 24-hour interval.

Nevertheless, this afternoon, Coinbase tweeted that BONK could be listed on Thursday, doubtlessly as early as 12pm ET, supplied that liquidity circumstances have been met. BONK shall be labeled as an “experimental” asset on Coinbase however could be purchased and bought like some other cryptocurrency on the trade.

Following the announcement, the Solana meme coin surged to a brand new all-time excessive worth of $0.00001474, in keeping with CoinMarketCap information. BONK has skilled exceptional beneficial properties, gaining 613% over the previous month. It has surpassed the Ethereum-based FLOKI to grow to be the third-largest dog-themed memecoin by market capitalization, trailing behind Dogecoin (DOGE) and Shiba Inu (SHIB).

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