BONK price has exploded after its Coinbase listing. The memecoin soared almost 42% as the biggest US cryptocurrency exchange announced the integration. At press time, the BONK coin was changing hands at $0.00001900, which was a new all-time high.
BONK is a memecoin on the Solana blockchain which is getting a lot of hype on social media. After a phenomenal rally in the last two weeks, it has overtaken PEPE to become the third most valuable memecoin in terms of market capitalization.
According to Coingecko, the market cap of BONK has surged past $1.1 billion. However, it remains well below DOGE and SHIB which hold the market caps of $13.8 billion and $5.8 billion, respectively.
As per the latest data, $330 million worth of BONK crypto has changed hands across different crypto exchanges in the past 24 hrs. This also makes it the second most traded memecoin on the planet. However, it might not be a great idea to buy the coin at its current price as it has pumped a lot in the last few weeks.
On Thursday, crypto markets faced FUD as it was revealed that the hardware wallet Ledger’s library was compromised with a ‘wallet draining’ bug. The news created a wave of panic in the markets but the broader market sentiment remained positive.
The following chart shows that BONK price prediction is looking very bullish as the ongoing push is supported by a very strong volume. As long the price holds $0.0000150 support, bulls have nothing to worry about. However, a breakdown below this support may open doors for a deeper correction.
If you want to start updating on the future price action of BONK and the upcoming 1000x gems, you are welcome to follow me on X (Twitter). You can also find my personal trades there.
