Cryptocurrency Exchange Coinbase Lists BONK
Coinbase, one of the leading cryptocurrency exchanges, has announced that it will be adding support for BONK, a meme coin built on the Solana blockchain. BONK is similar to popular meme coins like Dogecoin and Shiba Inu and has gained rapid popularity in recent times. Trading for BONK will begin on or after December 14th, if liquidity conditions are met. However, support for BONK may be limited in certain jurisdictions. Coinbase has labeled BONK as “Experimental” to warn users about the associated risks of trading such assets.
BONK Surges to New All-Time High
After experiencing a pullback, BONK has seen a surge of over 52% in the past 24 hours following Coinbase’s listing announcement. The asset has not only recovered from its drawdown but has also surpassed its previous peak to set a new all-time high. It is currently the best performer among the top 100 cryptocurrencies by market cap. With a market cap of over $930 million, BONK has a significant lead over other meme-based cryptocurrencies like PEPE. However, it still has a long way to go before reaching the market cap of Shiba Inu.
Hot Take: BONK Soars After Coinbase Listing
The listing of BONK on Coinbase has sparked a significant surge in its price, with the asset experiencing a remarkable 52% increase in just 24 hours. This move indicates growing interest and demand for meme coins like BONK, which are gaining popularity in the cryptocurrency market. While it remains to be seen how sustainable this rally is, it highlights the potential for meme coins to capture investors’ attention and deliver substantial returns. As more platforms and exchanges embrace meme coins, their influence and market value are likely to continue expanding. BONK’s listing on Coinbase is a significant milestone for the meme coin, further solidifying its presence in the crypto space.
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