Coinbase adds Solana’s BONK token to its listing
Coinbase, a number one crypto alternate in america, has introduced that it will likely be itemizing the Bonk (BONK) token, a dog-themed token on the Solana blockchain.
Over the past month, BONK has skilled a considerable 350% enhance in worth, propelling it to the highest spot amongst dog-themed cryptocurrencies.
Belongings positioned on Coinbase’s roadmap replicate the alternate’s choice to checklist these belongings in a transfer geared toward bolstering transparency by means of the balanced dissemination of knowledge, in accordance with the alternate.
However, Coinbase advises in opposition to depositing these nascent belongings to stop the danger of everlasting fund loss till there’s a formal announcement concerning the full itemizing.
BONK is just like different canine-inspired meme cash akin to Dogecoin (DOGE) and Shiba Inu (SHIB).
The most recent meme coin has witnessed a major enhance in recognition amongst meme coin aficionados. Up to now month, BONK’s worth rose by 354%, outperforming the expansion seen by its extra established counterparts, DOGE and SHIB, throughout the identical interval.
Meme cash have constantly performed a task within the crypto panorama, typically experiencing value surges in step with basic market traits. These digital currencies, regularly linked to an animal theme, gained traction in 2023, particularly as curiosity in spot Bitcoin ETFs appeared to spice up funding into digital belongings.
Solana’s blockchain additionally reported a exceptional buying and selling quantity of $924.7 million over a 24-hour interval, outpacing the on-chain buying and selling exercise of Arbitrum, Binance Good Chain, Polygon, Avalanche, and Thorchain.
Ethereum remained the one community with the next buying and selling quantity than Solana, in accordance with DefiLlama. The main altcoin blockchain registered a buying and selling quantity of $1.3 billion inside the similar timeframe.
