Coinbase to list Solana’s BONK, meme coin jumps over 8%

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Coinbase, the major US-based crypto exchange, announced today that it will be listing Bonk (BONK), a dog-themed token on the Solana blockchain. The inclusion of BONK on Coinbase’s listing “Roadmap” caused the price of the token to jump over 8% from .00001229 to .00001132 according to data from CoinGecko.

Asset added to the roadmap today: Bonk (BONK)https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️ (@CoinbaseAssets) December 13, 2023

Assets placed on Coinbase’s roadmap indicate that the exchange has decided to list the asset, while increasing transparency by providing information symmetry, according to a Coinbase statement.

“As part of an effort to increase transparency by providing as much information symmetry as possible, Coinbase will be using this blog post to communicate when we have made a decision to list an asset.” wrote Coinbase on its roadmap website.

However, the exchange cautions users against depositing these experimental assets to avoid potential permanent loss of funds until an official full listing announcement.

Much like other dog-themed meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB), BONK has seen a massive surge in popularity among meme coin enthusiasts. Over the last month alone, BONK gained 416%, handily surpassing the gains made by the more established dog tokens DOGE and SHIB over the same period.

In line with its new policy, Coinbase has recently introduced an “Experimental” label, applicable to newly listed assets or those with relatively low trading volumes. Some assets, including BONK, may be listed with this cautionary label, indicating their nascent or experimental status within the platform during the early stages after launch.

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