Bonk Surges 40% on Coinbase Listing Announcement!

The post Bonk Surges 40% on Coinbase Listing Announcement! appeared first on Coinpedia Fintech News

The Solana-based meme coin Bonk shot up 40% in the past 24 hours after crypto giant Coinbase announced its listing on Thursday. This major endorsement catapults Bonk to the third-largest meme coin on the platform, right behind Dogecoin and Shiba Inu. Coinbase’s listing policy is notoriously selective, making their acceptance a powerful validation for any token. Traders often interpret it as a vote of confidence, leading to explosive price rallies like Bonk’s current ascent. But Bonk’s story goes beyond just meme magic. Launched in December 2021, it initially rode the meme wave after Sam Bankman-Fried’s fall. However, it quickly carved its own niche within the Solana ecosystem. Several projects adopted Bonk for NFT payments and even designed deflationary mechanisms that burn the coin with each NFT-related event.