BONK Swings for the Fences

Memecoin season returns. Solana’s ecosystem “culturecoin,” BONK, surged on its Coinbase debut, setting new all-time highs and pushing towards a $1.2 billion market cap. The doggy coin du jour is up 92% week-over-week, and its parent network’s native token is also up over 9%, while ETH and BTC are still in the 7-day red after this weekend’s slump.

After Solana broke into mainstream crypto’s consciousness in October, BONK went on an epic run, ripping 7770% in just two short months! Today’s Coinbase listing, which follows up on last month’s Binance listing, makes it easier for retail to purchase BONK, circumventing crypto savviness needed to acquire the token on a Solana DEX.