The highlight of today is the Solana (SOL)-based memecoin Bonk (BONK). Thanks to an announcement from the US-listed crypto exchange Coinbase, the cryptocurrency has risen by tens of percent.
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Coinbase welcomes BONK
Coinbase posted on social media platform X yesterday knowledge that BONK will be the newest entry on the platform. Trading with BONK is possible from 6:00 p.m. Dutch time, provided liquidity conditions are met. “Once there is sufficient supply of these assets, trading on our BONK-USD trading pairs will begin in phases,” Coinbase added. Additionally, the exchange said support may be limited in some jurisdictions.
In the past, listings on Coinbase often led to price increases for the underlying assets. Assets don’t simply get a place on Coinbase’s trading platform.
The exchange is selective in the tokens it offers, and for this reason a listing can significantly increase the legitimacy of a particular project. Additionally, Coinbase has more than 100 million users from around the world, so a listing takes a coin’s accessibility to a whole new level.
At the end of November, BONK was also listed on KuCoin, a well-known Hong Kong crypto exchange.
BONK is the fastest crypto climber today
Coinbase’s announcement once again caused a stir rally taken care of. BONK is up 44.81 percent in the last 24 hours. This allows it to be described as by far the fastest riser among the top 100 crypto coins today.
It is noteworthy that BONK’s share price has already risen by around 285 percent since the first day of the month. Measured against the level two weeks earlier, on October 17th, the price increase was a disgusting 7,348 percent.
BONK is the very first memecoin on Solana and was born on January 3rd. It now has a market capitalization of almost $900 million and is the third largest memecoin in the industry after Shiba Inu (SHIB) and Dogecoin (DOGE).
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