BONK accelerates after Coinbase listing announcement

The token Bonk (BONK) arrives on Coinbase. L’ad from listing fed the rally on the same corner network Solanawhose price has exploded over the last 30 days.

The famous American cryptocurrency exchange platform Coinbase announced yesterday on X upcoming support for the same corner BONK with the experimental label.

Coinbase will add support for Bonk (BONK) on Solana. Do not send this asset to other networks, or your funds may be lost,” Coinbase said.

The crypto exchange is expected to open trading for BONK this Thursday, December 14, at 6pm CET. “Trading on our BONK-USD trading pairs will be launched in stages. BONK support may be limited in certain supported jurisdictions,” it states.

Coinbase will add support for Bonk (BONK) on the Solana network (SPL token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.

– Coinbase Assets 🛡️📞 (@CoinbaseAssets) December 13, 2023

Launched in early 2023 as an SPL token, BONK is the largest meme coin on Solana and the network’s 8th largest market cap asset. The price of the token exploded last month and continued its ascent in December in the wake of the SOL’s rise. Over 30 days, BONK has risen by almost 700%.

This Thursday morning, its price is hovering around $0.000015, close to its ATH and up 47% over 24 hours.

The 30-day price of Bonk (BONK) – tradingview

Presented on its website as the “Dog coin of people”, the token belongs to the category of meme coinsThese are tokens that have no real use and are traded for speculative purposes. Investing in this type of crypto is particularly risky.

For its 1-year anniversary in January, the meme coin plans to organize a new airdrop to reward its community members.

Earlier this year, another meme coin, PEPE, also recorded a sharp price rise. The largest and oldest meme coin on the crypto market is DOGE.

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