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Coinbase, one of the largest cryptocurrency exchanges, has announced its support for Bonk Inu (BONK), a digital asset that has gained significant popularity. The exchange has added BONK to its roadmap, indicating that an official listing may be imminent.
Following Coinbase’s announcement, the price of BONK initially surged by over 15%. However, it later experienced a decline of nearly 20%, which is consistent with the broader correction in the cryptocurrency market.
Despite these fluctuations, Bonk Inu has proven to be one of the top-performing memecoins. Over the past 30 days, its value has increased by approximately 350%. Additionally, its market capitalization currently exceeds $630 million, positioning it as the third-largest memecoin after Dogecoin and Shiba Inu.
It is worth noting that Coinbase has previously cautioned users against engaging with experimental assets before an official announcement. However, the addition of BONK to the exchange’s roadmap suggests that it may soon be available for trading on Coinbase.