Coinbase, the leading U.S. cryptocurrency exchange, announced earlier today (14th) that it will list Solana’s ecological meme currency BONK, making it the third meme to be listed on Coinbase after Dogecoin (DOGE) and Shiba Inu Coin (SHIB). currency.
Perhaps inspired by the above news, the price of BONK rose strongly today. As of the time of writing, the price of BONK rose sharply to US$0.00001511. The current increase in 24 hours has reached 43.34%, successfully recovering all the losses since last week, and the trading volume surged by more than 77% to US$273 million. , the performance was very strong.
Coinbase stated in an announcement early this morning that once sufficient liquidity is established, trading will be open at or after 9 a.m. Pacific time on December 14 (1 a.m. on December 14, Taipei time); once BONK is in sufficient supply , the "BONK-USD" trading pair will be opened in stages.
Coinbase specifically reminds users that it currently only supports the BONK token on Solana. If you send the token through other networks, you will face the risk of asset loss.
Trading will begin on or after 9AM PT on 14 December 2023, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our BONK-USD trading pairs will launch in phases. Support for BONK may be restricted in some supported jurisdictions.
— Coinbase Assets (@CoinbaseAssets) December 13, 2023
Generally speaking, in the past, all cryptocurrencies listed on Coinbase would soar in a short period of time. The reason is that the exchange has a strict review process for token listings, so it is often interpreted by the market as a sign that the tokens are safe and legal. symbol.
BONK is a meme currency with a Shiba Inu theme based on Solana. When it was launched in December last year, it coincided with the collapse of FTX, which also affected Solana and suffered a severe liquidity crunch, causing the SOL currency price to slump.
Although BONK did not attract much attention when it was first launched, with the help of more and more project cooperation and functional integration, and relying on the airdrop strategy, "anti-Alameda" and the revival of Solana DEX culture, it finally succeeded in taking the cryptocurrency community by storm. It also reignited the enthusiasm of Solana users and developers.
〈Inspired by the “Coinbase Listing Effect”? Meme Coin BONK surges 43%〉This article was first published on "Blocker".
