BONK Surges After Coinbase Announces Listing
BONK, the popular Solana meme coin, experienced another spike in price after Coinbase revealed that it will list the coin on Thursday. Although Coinbase initially announced its intention to list BONK without specifying a date, the coin saw a brief increase in price before dropping significantly. However, this afternoon, Coinbase tweeted that BONK will be available for trading on Thursday from 12pm ET if liquidity conditions are met. Despite a slight dip since reaching an all-time high of $0.00001474, BONK is still up by over 21% for the day.
Impressive Gains for BONK
BONK has made significant gains recently, with a 77% increase over the past week and a staggering 736% surge over the last month. It has surpassed FLOKI to become the third-largest “dog-inspired coin” by market cap, following Dogecoin (DOGE) and Shiba Inu (SHIB). Similarly, Solana’s native token SOL has seen impressive growth, rising by 37% this month and 418% compared to a year ago.
Hot Take: BONK Continues to Ride the Meme Coin Wave
BONK’s listing on Coinbase is another testament to the growing popularity and influence of meme coins within the crypto market. With its recent surges and gains, BONK has established itself as a significant player in the meme coin space. However, investors should approach these types of assets with caution due to their volatile nature and speculative value. While they may offer potential opportunities for quick profits, they also come with significant risks. As always, conducting thorough research and exercising sound judgment are crucial when investing in meme coins like BONK.
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