Solana

Bonk

Shiba Inu

Coin

Crypto exchange Coinbase on Friday said it is listing Solana-based <a href="https://coingape.com/glossary/meme-cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">meme coin</a> Bonk for trading in New York. This was another exciting announcement for the crypto community by Coinbase after the listing of XRP for New York residents a day earlier. Traders responded immediately to the announcement as BONK price began upside momentum by rising more than 10% in a few hours.
<h2 id="coinbase-lists-bonk-for-new-york-customers">Coinbase Lists Bonk for New York Customers</h2>
In an X post on May 24, Coinbase announced the listing of Bonk (BONK), saying it’s big news for the New York users. The crypto exchange shows support for the XRP and Solana meme coin Bonk with an image depicting “NY Loves XRP and BONK.”
Coinbase customers in New York start trading BONK on Coinbase website, as well as in the Coinbase iOS &amp; Android apps. It further added that Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.
The move comes a day after the crypto exchange listed <a href="https://coingape.com/breaking-coinbase-restores-support-for-xrp-in-new-york-xrp-jumps-3/" target="_blank" rel="noopener noreferrer nofollow">XRP</a>, expanding support for the much-discussed coins as the SEC continues to argue that XRP is a security and may challenge Judge Torres’ summary judgment that XRP in itself is not a security.
Meanwhile, Coinbase has also expanded support for meme coins <a href="https://coingape.com/coinbase-listing-shiba-inu-floki-bonk-perpetual-futures/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB), FLOKI, and BONK by listing 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP perpetual futures contracts tradable from May 30.
Also Read: <a href="https://coingape.com/coinbase-appeals-sec-suit-leverages-ripple-case-as-precedence/" target="_blank" rel="noopener noreferrer nofollow">Coinbase Appeals SEC Suit, Leverages Ripple Case As Precedence</a>
<h2 id="bonk-market-performance">BONK Market Performance</h2>
Bonk jumped immediately after the announcement by Coinbase, rising more than 10% in a few hours. This indicates a massive demand for meme coins. Santiment revealed recently that the hype surrounding <a href="https://coingape.com/tag/spot-ethereum-etf" target="_blank" rel="noopener noreferrer nofollow">spot Ethereum ETF</a> has been a catalyst for price rallies in cryptos such as ETH, UNI, PEPE, BONK, and LDO, which saw over 20% gains.
<img decoding="async" class="aligncenter wp-image-198654" src="https://coingape.com/wp-content/uploads/2024/05/screenshot-coinmarketcap.com-2024.05.24-22_02_31.jpg" alt="BONK price" width="801" height="356" srcset="https://coingape.com/wp-content/uploads/2024/05/screenshot-coinmarketcap.com-2024.05.24-22_02_31.jpg 1921w, https://coingape.com/wp-content/uploads/2024/05/screenshot-coinmarketcap.com-2024.05.24-22_02_31-300x133.jpg 300w, https://coingape.com/wp-content/uploads/2024/05/screenshot-coinmarketcap.com-2024.05.24-22_02_31-1224x544.jpg 1224w, https://coingape.com/wp-content/uploads/2024/05/screenshot-coinmarketcap.com-2024.05.24-22_02_31-768x341.jpg 768w, https://coingape.com/wp-content/uploads/2024/05/screenshot-coinmarketcap.com-2024.05.24-22_02_31-1536x683.jpg 1536w, https://coingape.com/wp-content/uploads/2024/05/screenshot-coinmarketcap.com-2024.05.24-22_02_31-150x67.jpg 150w" sizes="(max-width: 801px) 100vw, 801px">
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<a href="https://coingape.com/price/bonk" target="_blank" rel="noopener noreferrer nofollow">BONK price</a> jumped after the announcement, but still trading 3% down in the last 24 hours. The price is currently trading at $0.00003293. Bonk has rallied over 46% in a week and 55% in a month.
On the derivatives front, Bonk futures trading has remained volatile in the last few hours as traders sold 1000BONK futures on top exchanges such as Binance and Bybit, as per data by Coinglass.
<figure id="attachment_198656" aria-describedby="caption-attachment-198656" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-198656" src="https://coingape.com/wp-content/uploads/2024/05/screenshot-www.coinglass.com-2024.05.24-22_11_38.jpg" alt="Bonk" width="1528" height="511" srcset="https://coingape.com/wp-content/uploads/2024/05/screenshot-www.coinglass.com-2024.05.24-22_11_38.jpg 1528w, https://coingape.com/wp-content/uploads/2024/05/screenshot-www.coinglass.com-2024.05.24-22_11_38-300x100.jpg 300w, https://coingape.com/wp-content/uploads/2024/05/screenshot-www.coinglass.com-2024.05.24-22_11_38-1224x409.jpg 1224w, https://coingape.com/wp-content/uploads/2024/05/screenshot-www.coinglass.com-2024.05.24-22_11_38-768x257.jpg 768w, https://coingape.com/wp-content/uploads/2024/05/screenshot-www.coinglass.com-2024.05.24-22_11_38-150x50.jpg 150w" sizes="(max-width: 1528px) 100vw, 1528px">
 <figcaption id="caption-attachment-198656" class="wp-caption-text">
 Source: Coinglass
 </figcaption>
</figure>
Also Read: <a href="https://coingape.com/solana-xrp-etf-are-next-after-ether-heres-the-potential-approval-timeline/" target="_blank" rel="noopener noreferrer nofollow">Solana &amp; XRP ETF Are Next After Ether, Here’s The Potential Approval Timeline</a>
The post <a href="https://coingape.com/bonk-price-soars-coinbase-lists-solana-meme-coin-xrp/" rel="noopener noreferrer nofollow">Just-In: BONK Price Soars As Coinbase Lists Solana Meme Coin After XRP</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Just-In: BONK Price Soars As Coinbase Lists Solana Meme Coin After XRP

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