Solana’s BONK drops 21% despite Coinbase push
Release: 2023/12/14 01:39 Reading: 439
In the realm of meme tokens, Solana’s Bonk (BONK) is replacing major meme tokens like Pepe due to its performance. This rapidly surging token is not available on top cryptocurrency exchanges, but the recent post from Coinbase regarding the BONK listing has garnered everyone’s attention.
Coinbase’s decision to add BONK to its roadmapCoinbase, a prominent cryptocurrency exchange, revealed its plan on December 13, 2023, to list the Bonk (BONK) token, a dog-themed cryptocurrency based on the Solana blockchain. The plan to add BONK on Coinbase was shared on X (previously Twitter) and gathered significant attention. However, the main reason for this massive attention is that BONK has shown a significant upside momentum of over 400% in the last 30 days.
Asset added to the roadmap today: Bonk (BONK)
If we look at the Coinbase post where they mentioned that BONK is now added to their roadmap, it means Coinbase will now authenticate the BONK token. However, Coinbase also shared a blog post with the X announcement, stating that Coinbase always tries to add every possible token. But before listing any tokens, there are a few things that need to be checked, including whether the token meets legal standards, compliance, and technical security.
Some of the reasons why Coinbase crypto exchanges do not list popular cryptocurrencies are:
- The asset does not meet our minimum listing standards across legal, compliance, and technical security.
- Do not have enough information about the asset.
- Technical integration work is required.
Coinbase’s decision to add BONK to its roadmap aligns with the exchange’s commitment to transparency and the balanced dissemination of information.
BONK’s current market performance and upside momentumCurrently, BONK is trading at $0.0000099, and in the last 24 hours, it has experienced a downside movement of over 20%. Additionally, when looking at a longer time frame, BONK has moved with a 400% upside momentum in the last 30 days.
BONK joins the ranks of other meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). Despite its newness, BONK has gained significant popularity among meme coin enthusiasts. Additionally, it has outpaced the growth of more established meme coins DOGE and SHIB, with a remarkable 400% surge in value over the past month.
Solana’s blockchain, where BONK operates, reported an impressive trading volume of $924.7 million over 24 hours. This surpassed the on-chain trading activity of other prominent platforms, including Arbitrum, Binance Smart Chain, Polygon, Avalanche, and Thorchain. Ethereum remained the only network with a higher trading volume, recording $1.3 billion within the same timeframe, according to DefiLlama.
Get Crypto Trading Signals from Real Crypto Analysts. Join our Waiting List at todayq.com
Recent news
More>- Trump’s Revolution Solana Memecoin Will Surge 13,000% Before First Exchange Listing, As Shiba Inu and DOGE Lag 11-23
- Enormous XRP Breakthrough: $2 in Sight, Dogecoin (DOGE) at Pivotal Price Level, Ethereum (ETH) Forms Very Dangerous Pattern 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 (22 Nov) 11-23
- New Solana Memecoin Shiba Eats Pepe to Skyrocket 16,000% Before Exchange Listing, as Dogecoin and Bonk Fall 11-23
- Top Trader Calls Dogecoin Budget XRP — Here's Why 11-23
- PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? 11-23
- $1k in Dogecoin in 2021 Worth $200,000 Today, Analyst Points to a New Opportunity to Repeat It 11-23
- $440 in Dogecoin (DOGE) Could Turn Into $44000 by November 2025, But One DOGE Alternative Will Do It in 8 Weeks: Surprisingly, It’s Not Shib... 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com