Coinbase, one of the leading crypto exchanges in the USA, launched the popular meme coin in an unexpected development. BONK announced a listing for. The token will be added to the exchange’s listing roadmap.
The inclusion of BONK, the first dog-themed coin on Solana, is interpreted as a significant development for this popular meme coin.
Adopting the principle of “for the people, by the people”, the coin attracted attention by distributing a significant half of its total supply to the Solana community via airdrop. The coin, which was launched in December 2022, even had a positive impact on the Solana price when it was opened for trading at the end of 2022.
Market reaction to Coinbase’s decision, BONK priceIt triggered a short-term fluctuation in The coin has witnessed an impressive growth of 2,969% since the beginning of November, maintaining its upward trajectory until the first 10 days of December. However, the sudden change in trend had a negative response in the price.
Coinbase’s announcement triggered a surge in BONK quotes, with the meme coin’s value skyrocketing by over 17%. However, this momentum was short-lived and was followed by a rapid sell-off, resulting in a staggering decline of 26.69%.
The resulting price volatility turned BONK into a true roller coaster, providing bears and bulls alike with an exciting yet unpredictable ride.