Shiba

Solana

Impact

Bonk

Coin

<p>The post <a href="https://coinpedia.org/news/bonk-meme-coin-bites-back-with-40-surge-on-coinbase-listing/">Bonk Meme Coin ‘Bites’ Back with 40% Surge on Coinbase Listing!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Fans of cryptocurrency truly understand just how dynamic the space is and how quickly something new can go “viral”. Now, a new player has taken center stage. <a href="https://coinpedia.org/price-analysis/top-altcoins-to-watch-next-week-bonk-bonk-terra-luna-classic-lunc-and-cardano-ada-might-record-more-gains/">BONK</a>, the meme coin riding the Solana blockchain, has seen an impressive 40% surge since its recent debut on Coinbase. </p> 
<p>Let’s delve into the intriguing journey of BONK and discover why it’s making waves.</p> 
<h2 class="wp-block-heading" id="h-massive-coinbase-boost">Massive Coinbase Boost </h2> 
<p><a href="https://coinpedia.org/crypto-live-news/coinbase-international-launches-non-us-spot-markets-on-december-14th/">Coinbase</a>, known for its selective approach to token listings, has once again left its mark. The news of BONK joining the platform triggered a significant surge, reinforcing its legitimacy among traders. Bouncing back from a tough week, BONK proudly traded at $0.000014 on Thursday, with a staggering trading volume of $235 million post-Coinbase listing.</p> 
<p><strong>Solana Has a Role to Play Too!</strong></p> 
<p>BONK’s appeal is closely tied to the broader success of the Solana ecosystem. Since October, Solana’s market capitalization has soared from $50 million to an impressive $800 million. This not only positions Solana as one of the top performers in 2023 but also sets the stage for BONK to attract more investors. </p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/solana-bonk-price-are-on-fire-here-are-the-targets-for-the-yearly-close/">Solana &amp; Bonk Price are on Fire: Here are the Targets for the Yearly Close!</a></p> 
<h2 class="wp-block-heading" id="h-bonk-s-journey">BONK’s Journey </h2> 
<p>BONK was launched in December 2021, following the downfall of Sam Bankman-Fried, which resulted in a sharp drop in sentiment for the Solana ecosystem. Initially labeled a meme coin, BONK defied expectations by quickly integrating into the Solana landscape. Various Solana projects embraced the token, using it for NFT payments. “Burn” mechanisms for NFT events further fueled its popularity in the weeks after launch.</p> 
<p>Created by a collaborative team of 22 individuals without a single leader, BONK’s creators have a successful track record in building decentralized applications, NFTs, and related products on Solana.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/bonk-price-rally-50-in-a-day-will-the-bonk-token-hold-on-to-its-gains/">BONK Price Rally 50% In A Day! Will The Bonk Token Hold On To Its Gains?</a></p> 
<h2 class="wp-block-heading" id="h-caution-recommended">Caution Recommended! </h2> 
<p>Despite its rising popularity, BONK faces regulatory challenges in some regions. Coinbase, always vigilant, has noted that support for BONK may be limited due to regulatory constraints. The exchange has also warned that “Coinbase may refuse to list or delist digital assets at any time for any reason,” emphasizing that listings are not an acceptance or recommendation by Coinbase or its affiliates.</p> 
<p><strong>So, is BONK just another meme coin, or the future star in the making? Share your thoughts.</strong></p>

Bonk Meme Coin ‘Bites’ Back with 40% Surge on Coinbase Listing!

Table of Contents

CoinPedia News

Other articles published on Dec 14, 2023

India Shapes Crypto Rules with IMF-FSB Guidebook Influence

Gensler: SEC reevaluating spot Bitcoin ETF with fresh perspective

Breaking: On-Chain Data Suggests Popular Decentralized Applications are Compromised – Here’s the ...

Real Estate Coin, Propy’s PRO, Soared Following Coinbase’s Move To Tokenize Real World Assets

Giddy Smart Wallet Collaborates With Stripe To Streamline Cryptocurrency Purchases

BingX Introduces JITO Coin $JTO and Ordinals $ORDI

Join our free newsletter for daily crypto updates!