Solana-based meme coin Bonk (BONK) is up 40% in the last 24 hours after renowned crypto exchange Coinbase announced the token's listing on Thursday. It is the third largest meme coin after Dogecoin (DOGE) and Shiba Inu (SHIB) offered on the platform.

- The exchange stated that BONK-USD trading will be launched in stages once sufficient supply of the asset has been established.

- Listing on Coinbase often results in short-term increases in token prices as the exchange is selective about the tokens it offers.

- The BONK price has almost completely recouped last week's losses following the announcement, trading at $0.000014 on Thursday morning with trading volume of over $235 million.