Guess what happened in the crypto world? Brace yourselves for the $BONK bonanza! This Solana-based meme coin just catapulted 80% in the past 24 hours, and the reason? Well, hold on to your crypto hats, because Coinbase & Bybit just gave it the green light for listing.
$BONK Going Bonkers!
Picture this: BONK was happily trading at $0.000014 on a regular Thursday morning when the news hit. Coinbase, the superstar of exchanges, declared, “Hey, we’re bringing $BONK to the party!” This makes BONK the third coolest meme coin on the platform, rubbing shoulders with the likes of Dogecoin (DOGE) and Shiba inu (SHIB).
But, hang tight! Before you start BONKing all over the place, there’s a catch. Coinbase is doing this listing dance in phases. They said, and I quote, “Once sufficient supply of this asset is established, trading on our BONK-USD trading pairs will launch in phases.” Also, be warned – if you’re in a crypto-restricted zone, BONK might not be partying in your jurisdiction.
You can Buy/Sell/Trade $BONK on Bybit
Now, let’s talk Coinbase listings. They’re like the cool kids’ exclusive party invitations in the crypto universe. When Coinbase says, “You’re in,” token prices often do a little victory dance. It’s like getting a stamp of approval, a crypto badge of honor.
Wind it Back
And the BONK story doesn’t end there. Rewind to last December when BONK tokens burst into the scene after Sam Bankman-Fried’s tumble. Back then, the Solana ecosystem was doing a collective sigh as he was a big player in the game. But guess what? BONK rose like a phoenix and became the talk of the town.
Initially just a meme coin, BONK wasn’t satisfied with being a digital joke. Nope, it hustled its way into the Solana ecosystem (which has become immensely popular for airdrop farming), becoming the cool kid on the blockchain. Solana projects couldn’t resist – they started using BONK for buying NFTs, and some even threw wild NFT events with fancy “burn” mechanisms.
The coin airdropped 50% of its supply early this year, and several exchanges created bonus models to earn free Bonk. Which goes to show yet again, you farm airdrops all year and once in a while you can hit the jackpot.
Final Thoughts
Here’s the plot twist – BONK is like the Avengers of crypto, a team of 22 individuals with no one person calling the shots. A decentralized dream team, if you will. They’ve been building decentralized apps (dapps), NFTs, and other cool stuff on Solana.
So, there you have it, the wild ride of BONK – from meme coin to Coinbase sensation. Who said crypto can’t be fun? Strap in, crypto enthusiasts, because the BONK party is just getting started! 🚀💥
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You might also like our recent content about the $BTC price action & Solana Airdrops
