Meme Coin BONK Spikes 40% on Coinbase Listing

Solana-based meme coin bonk (BONK) surged 40% in the past 24 hours after prominent exchange Coinbase (COIN) said it would list the token on Thursday, making it the third largest meme coin behind dogecoin (DOGE) and shiba inu (SHIB) to be offered on the platform. “Once sufficient supply of this asset is established, trading on our BONK-USD trading pairs will launch in phases,” the exchange said in an announcement on Wednesday. Coinbase listings have often led to a short-term pump in token prices, given the exchange’s tendency to be selective with the tokens it offers, and a listing may give traders a sense of legitimacy for listed projects. BONK traded at $0.000014 this morning.

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