BONK Price Explodes to a New ATH Following Coinbase Listing

TL;DR

• Bonk Inu (BONK) reached a brand new all-time excessive, buoyed by Coinbase’s help and its affiliation with the high-performing Solana (SOL).
• BONK’s market cap peaked at round $900 million, rating it seventy fifth in the complete market and third within the memecoin sector.
• The coin’s success may very well be partly attributed to Solana’s latest surge, with SOL’s worth growing considerably.

The most recent sensation within the cryptocurrency sector – Bonk Inu (BONK) – retains making the headlines. The Solana memecoin tapped a recent all-time excessive worth on December 14, indicating that its uptrend is nowhere close to its finish.

One potential cause behind the most recent surge may very well be the interplay coming from Coinbase. The main cryptocurrency trade added BONK to its listing of supported digital property, warning that the providing is likely to be “restricted in some supported jurisdictions.”

This comes shortly after Coinbase put the memecoin on its experimental section referred to as a “roadmap.”

Other than reaching a brand new ATH, BONK additionally noticed its market capitalization rise to a peak of $900 million. This positioned the token because the seventy fifth largest in the complete realm and the third greatest within the memecoin sector, with the primary two being Dogecoin (DOGE) and Shiba Inu (SHIB).

One other issue that may have performed a job in BONK’s spectacular worth efficiency may very well be its connection to Solana (SOL). The latter has been certainly one of crypto’s finest performers prior to now a number of months, not too long ago surpassing the $70 mark (a 600% improve in comparison with January 1, 2023).