BONK, the popular Solana (SOL) memecoin that has rallied significantly in recent weeks, saw another spike following Coinbase's announcement of its listing on Thursday.
BONK, the popular Solana (SOL) memecoin that has rallied significantly in recent weeks, saw another spike following Coinbase's announcement of its listing on Thursday. Earlier on Dec. 13, Coinbase revealed its intention to list BONK, without specifying the exact timing.
BONK initially experienced a brief surge, followed by a substantial decline. By Wednesday morning, the coin had dipped by 11% over the previous 24-hour period.
However, this afternoon, Coinbase tweeted that BONK would be listed on Thursday, potentially as early as 12pm ET, provided that liquidity conditions were met. BONK will be labeled as an "experimental" asset on Coinbase but can be bought and sold like any other cryptocurrency on the exchange.
Following the announcement, the Solana meme coin surged to a new all-time high price of $0.00001474, according to CoinMarketCap data. BONK has experienced remarkable gains, gaining 613% over the past month. It has surpassed the Ethereum-based FLOKI to become the third-largest dog-themed memecoin by market capitalization, trailing behind Dogecoin (DOGE) and Shiba Inu (SHIB).
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