BONK’s Wild Ride: Solana’s Meme Coin Soars 21% as Coinbase Lists it Under ‘Experimental’ – Get Ready for the BONK-Mania!

BONK, the leading meme coin on the Solana blockchain, experienced another surge in price following the announcement of its listing on Coinbase. The popular cryptocurrency exchange revealed its intention to list BONK on Tuesday without specifying the date. Despite a brief price jump late Tuesday, BONK saw an 11% dip by Wednesday morning.

In an afternoon tweet, Coinbase announced that BONK would be listed on Thursday, starting as early as 12 pm ET, contingent on meeting liquidity conditions. While designated as an “experimental” asset on Coinbase, users will be able to buy and sell BONK like any other crypto asset on the platform.

Following the news, the Solana meme coin reached a new all-time high price of $0.00001474 late Wednesday afternoon, as per CoinMarketCap data. Although it has slightly dipped since then, with a current price of $0.00001381, BONK is still up over 21% for the day.

BONK’s recent gains have been remarkable, with a 77% increase in the past week and a staggering 736% surge over the last month, according to CoinGecko data. It has now claimed the third spot among “dog-inspired coins” by market cap, surpassing FLOKI and trailing only Dogecoin (DOGE) and Shiba Inu (SHIB), both based on the Ethereum blockchain.

The fortunes of BONK mirror those of Solana itself, with SOL experiencing a 37% increase this month, currently priced above $71, marking a remarkable 418% growth from one year ago, according to CoinGecko.

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Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

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