The post Coinbase to Welcome Newcomer BONK, Red Hot Meme Coin Soaring Over 350% appeared on BitcoinEthereumNews.com.

Coinbase, the major US-based cryptocurrency exchange, has announced the listing of BONK (BONK), a dog-themed token on the Solana blockchain. The news led to an over 8% price jump for BONK from $0.00001229 to $0.00001132. Keypoints Coinbase has listed the BONK token, a dog-themed cryptocurrency on the Solana blockchain, on its exchange BONK has seen impressive growth recently, with its value increasing over 350% in the past month The listing comes as part of Coinbase’s commitment to providing transparency and information symmetry about new assets However, Coinbase cautions users against prematurely depositing experimental assets like BONK to avoid potential fund loss Solana has also made headlines recently for its high trading volume, recording over $900 million in 24 hours BONK is the latest meme coin to see massive growth after the likes of Dogecoin and Shiba Inu. Over the past month, BONK’s value has increased by over 350%, cementing its status as a top performing dog-inspired cryptocurrency. The decision to list BONK comes as part of Coinbase’s recent efforts to enhance transparency for users by providing advanced notice of new asset listings. However, the exchange did caution users against prematurely depositing experimental assets like BONK to avoid potential permanent loss of funds before an official full listing. Asset added to the roadmap today: Bonk (BONK)https://t.co/rRB9d3hSr2 — Coinbase Assets ????️???? (@CoinbaseAssets) December 13, 2023 BONK will likely be labeled “experimental” on Coinbase initially, indicating its still early status on the platform. Other recent coins have received this classification during the initial stages post-launch. Meme coins like BONK have seen an explosion in popularity thanks to enthusiastic online communities and influencer promotions. The crypto niche has delivered outsized returns for early investors. BONK distinguishes itself from other dog coins with catchy branding and an active Discord community. Beyond BONK, the Solana blockchain…

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Filed under: News - @ December 14, 2023 3:24 am