After the great turmoil towards the end of last year, the cryptocurrency market reached unprecedented peaks at the beginning of this year, providing an exciting period for its investors. Leading digital assets such as Bitcoin, Ethereum, Solana, Cardano and Shiba Inu are attracting attention with unprecedented price increases. However, in this digital asset hubbub, there is one name that has stood out lately: Bonk Inu (BONK).
This Solana-based meme coin has recently made a big splash in the cryptocurrency world, reaching an all-time high. This event, which took place on December 8, shows that BONK is experiencing a rapidly rising success rate. The price boom started early last month and quickly caught the attention of investors.
This success of Bonk Inu seems to be a reflection of the excitement surrounding the meme coin world in general. Significant price increases, especially in previously popular meme coins such as Dogecoin and Shiba Inu, continue to attract investors to this space. Pioneering tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced remarkable increases of 15% and 20% respectively in recent weeks, offering a profitable period to their investors.
Even other lesser-known meme coins like Toshi (TOSHI) and Myro (MYRO) have posted triple-digit gains over the past seven days.
In fact, BONK is a project that has attracted attention in the cryptocurrency world since the first day it made its name known. However, when it was released a year ago, it did not attract enough attention from many people. With the recent increase in interest in the Solana blockchain, BONK has become an investor attractor.
Over the past month, Solana (SOL) has become a phenomenon in its own right in the cryptocurrency world, becoming one of the best-performing cryptocurrencies. BONK became one of the projects that stood out as a part of this rise.
The Solana blockchain has gained a solid place in the crypto world with its fast transaction times and low transaction fees. Projects such as BONK are built on this infrastructure and offer various opportunities to investors.
Recently, with the rapid rise of Bitcoin, investors have sought to make quick profits from assets with low market value and high risk. Meme coins are gaining popularity again among investors looking for low-cost investment opportunities. BONK also stands out as a part of this trend and draws attention with its strong infrastructure on the Solana blockchain.
Will BONK Be Listed on Coinbase?
According to Cited, an advisor and former head of business development for Bitcoin ATM operator CoinFlip, the Coinbase platform will soon replace BONK due to certain on-chain actions discovered by SolanaFM. can list. Cited detailed this development in a series of tweets shared on Twitter (X), stating that BONK tokens are, as it were, a “supported [coin]He stated that it was sent to Coinbase’s hot wallet.
Looks like @coinbase is potentially testing a $BONK listing?
When a Coinbase address receives SPL it supports, it sends 0.00124788 SOL for gas from a Coinbase address and uses it to send the SPL to the hot wallet. If it doesn’t support it, like $GUAC here, nothing happens. pic.twitter.com/R8zszwvynv
— Cited (@cited) December 7, 2023
The fact that Coinbase has not yet made an official announcement for this potential listing has sparked speculation in the cryptocurrency community. However, it was analyzed that a similar situation had happened before and Jito (JTO) went through a similar process before it was officially listed by Coinbase.
While the information shared by Cited points to increasing expectations for BONK to be listed on the Coinbase platform, it is also noteworthy that no official statement has been made on the subject. This has created excitement among meme coin followers, because listing BONK on such a large platform can enable the token to be discovered by a wide range of investors and create a positive perception about the reliability of the project.
However, given the rapid changes and volatility in the cryptocurrency market, it is important to treat such speculation with caution. An official announcement must be waited to confirm the exact information on whether Coinbase will list BONK or not. Investors should always verify their accuracy and consult reliable sources when evaluating such developments. The cryptocurrency community will continue to access the most up-to-date information on the market by closely following Coinbase’s official statements and reliable news sources.
You can follow the current price movement here.