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The Solana-based meme coin Bonk (BONK) has reached fresh all-time highs, marking a 750% increase in the last 30 days.
BONK hit an all-time high of $0.00001549 today as bulls capitalized on strong positive market sentiment and major exchange listings.
BONK has risen about 60% in the last 24 hours following the announcement by top crypto exchange Coinbase that it will list the cryptocurrency.
In a tweet, Coinbase announced that it will add support for Bonk (BONK) on the Solana network (SPL token).
In similar news, Coinone, a South Korean crypto exchange, announced the listing of BONK via the BONK/KRW pair, with deposits commencing on Dec. 14 at 10:00 a.m. (KST) and spot trading to begin on Dec. 14 at 5:00 p.m. (KST).
At the time of writing, BONK was up 48.29% in the last 24 hours to $0.00001492, reversing nearly all losses from the prior week.
Tomiwabold OlajideBONK has seen a 66.60% price increase in the past seven days. With a circulating supply of 61 trillion BONK, Bonk is valued at a market cap of $931,186,088 and ranks as the 70th largest cryptocurrency.
Strong interest in the Solana ecosystem appears to have aided the token's growth since October.
Despite launching as a parody coin, Bonk quickly gained traction in the Solana ecosystem. Several Solana projects used the token as payment for non-fungible tokens (NFTs) amid other use cases shortly after its debut.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov