- BONK revived after Coinbase’s announcement and hit an all-time high.
- Parallel rallies in BONK and Solana’s native token, SOL, saw notable surges in value and market capitalization.
that much BONK Tokena popular Solana-based meme coin that has been witnessing significant price surges recently, has experienced another major surge following the announcement that it will soon be listed on Coinbase.
Coinbase Plans to List BONK Token on Thursday
Coinbase, one of the popular cryptocurrency exchanges, announced its intention to rapidly increase the value of its BONK token on Wednesday afternoon. Coinbase initially announced plans to list BONK on Tuesday, without specifying an exact date.
However, after a brief surge in price on Tuesday and then a decline, the coin has bounced back to the upside following Coinbase’s confirmation of its listing on Thursday, tentatively scheduled for 12 PM ET, subject to meeting liquidity requirements.
BONK hits an all-time high following Coinbase’s announcement.
Coinbase’s announcement sent the value of BONK soaring, hitting an all-time high of $0.00001474 late Wednesday afternoon, according to data from CoinMarketCap. The token has since fallen slightly to $0.00001381, but remains up more than 21% for the day.
Coinbase is adding support for Bonk (BONK) to the Solana network (SPL token). Please do not send this asset over any other network. Otherwise, you may lose your funds. Transfer of this asset is possible at: @Coinbase & @CoinbaseExch In regions where trading is supported.
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) December 13, 2023
BONK’s recent surge in value has been notable, with a surge of 77% over the past week and 736% over the past month, according to CoinGecko data.
This surge caused BONK to outperform its Ethereum base. FLOKI tokenBecomes the third-largest “dog-inspired coin” by market capitalization, after Dogecoin (viceroy) and Shiba Inu (SHIB)Based on Ethereum.
Parallel Surge: BONK Echoes Solana’s Rally
BONK’s sharp rise coincides with the bullish trend seen in Solana’s native token, SOL. According to CoinGecko data, SOL has surged 37% this month and is now trading above $71, a remarkable 418% increase from a year ago.
The growing interest in meme-based coins coupled with Solana’s impressive performance has led to a significant surge in the value of BONK. This reflects the growing importance of non-traditional token economics in the Solana ecosystem and the cryptocurrency world.