Crypto exchange Coinbase announced the listing of Solana-based meme coin Bonk for New York users a day after listing XRP. 10% increase in BONK price.
Crypto exchange Coinbase said on Friday that it is listing Solana-based meme coin Bonk for trading in New York. This was another exciting announcement from Coinbase to the crypto community after the listing of XRP for New York residents a day ago.
Traders reacted quickly to the announcement as the price of BONK started to reverse momentum, rising more than 10% in a matter of hours.
Coinbase Lists Bonk for New York Customers
In an X post on May 24, Coinbase announced the listing of Bonk (BONK), saying it was big news for New York users. Crypto exchange shows support for XRP and Solana meme coin Bonk with “NY Loves XRP and BONK” image.
Coinbase users in New York start trading BONK on the Coinbase website as well as the Coinbase iOS and Android apps. It added that Coinbase users can log in to buy, sell, exchange, send, receive or store these assets.
The move comes a day after crypto exchanges listed XRP, boosting support for the much-debated coin as the SEC continues to argue that XRP is a security and Judge Torres’ summary judgment. may challenge that XRP itself is not a security.
Meanwhile, Coinbase has also expanded support for memecoins Shiba Inu (SHIB), FLOKI, and BONK by listing tradable 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP perpetual futures contracts as of May 30.
BONK Market Performance
Bonk jumped immediately after Coinbase’s announcement, rising more than 10% in a few hours. This indicates a massive demand for meme coins. Santiment recently revealed that the space around the Ethereum ETF has been a catalyst for price increases in cryptos like ETH, UNI, PEPE, BONK, and LDO, which rose more than 20%.
BONK price rose after the announcement, but is still trading down 3% in the last 24 hours. The price is currently trading at $0.00003293. Bonk gained more than 46% in one week and more than 55% in one month.
On the derivatives front, BONK futures trading has been volatile in the past few hours as traders sold 1000BONK futures on top exchanges such as Binance and Bybit, according to data from Coinglass.
