This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Top US cryptocurrency exchange Coinbase has announced that it is considering listing Bonk (BONK), a meme coin based on the Solana blockchain. The addition of Bonk to Coinbase’s “listing roadmap” indicates that the exchange may soon offer support for this asset. Coinbase introduced the roadmap last year to enhance transparency and prevent front-running of new trading support announcements.
BONK is currently trading at $0.00001031, representing a significant increase of over 400% from its value of $0.00000197 thirty days ago. Altcoin Sherpa, a pseudonymous crypto strategist, believes that BONK could potentially surpass the $0.00001500 level in its next upward movement. Sherpa suggests that having exposure to this meme coin could be beneficial, although they have already exited their position and are considering re-entering.
Earlier this month, Coinbase listed Jito (JTO), a decentralized finance (DeFi) protocol built on the Solana blockchain. Jito’s native token, JTO, can be used for governance participation within the protocol and for purchasing goods and services on DeFi platforms operating on Solana. It is important to note that Jito is labeled as “experimental,” which implies that its trading volume may be relatively low compared to other digital assets.
At the time of writing, Jito is trading at $2.66, experiencing a 5.2% decline in the past 24 hours.