Another meme coin inspired by Doge, the Bonk token on the Solana blockchain, has captured investors’ attention and is setting new records. Within the past 24 hours, the price of BONK has surged by over 40%, reaching $0.0000131 at the time of this writing, with a trading volume exceeding $200 million in the same period. BONK has witnessed nearly a 1000% growth over the past month.
Currently, BONK has claimed the position of the third most popular meme currency, following DOGE and SHIB. Speculation about BONK’s potential listing on the major US exchange Coinbase has contributed to the growing excitement surrounding this memecoin.
It’s important to note that there is no official confirmation from Coinbase regarding the inclusion of BONK in its list of tradable assets. The assumption is based on observations by blockchain enthusiasts, such as a former CoinFlip executive who noted BONK tokens being sent to Coinbase’s hot wallet, suggesting potential support.
Transactions involving the transfer of BONK tokens to a Solana address linked with Coinbase have been observed, where Coinbase sends a small amount of SOL to the address before moving the user’s BONK to its hot wallet. Some speculate that these transactions are part of Coinbase’s testing process for potential crypto token listings.
Despite these developments, Coinbase has not released any official statements regarding a potential listing of BONK. However, recent analysis points out that the token Jito (JTO) underwent a similar process before Coinbase officially announced its listing.