Bonk Inu‘s (BONK) price reached an all-time high (ATH) thanks to Coinbase’s support and its strong connection with Solana (SOL). With a market value of around $900 million, BONK has risen to 75th place in the general crypto list and 3rd place in the memecoin sector. The increase in the price of the altcoin is partly associated with SOL’s unique recent performance.
Bonk Inu’s (BONK) Reaches a New Record with Coinbase and Solana’s Support
The popular memecoin project Bonk Inu’s native asset BONK continues to make headlines in the crypto world. The Solana-based altcoin set a new record today, reaching 0.00001518 dollars with ATH. Data shows that the altcoin’s price has increased by 13,600% in the last year, or 272 times. Furthermore, data reveals that the altcoin’s price has increased by 650% in just the last month, or 13 times.
One of the main factors behind the increase in BONK’s price was its listing on the US-based major crypto exchange Coinbase. The major crypto exchange added the altcoin to its list of listed cryptocurrencies and warned that the altcoin may not be tradable in some supported jurisdictions. This came shortly after Coinbase put the altcoin on the watchlist, known as the listing roadmap.
Another factor behind the impressive performance of BONK’s price may be directly attributed to Solana. The native asset of the Solana network, SOL, has been one of the best-performing altcoins in recent months and recently exceeded the $70 level. Data shows that the altcoin’s price has increased by 600% since the beginning of the year.
Now the 3rd Largest Memecoin
Reaching a new ATH level has significantly increased the market value of BONK. The market value of the altcoin has reached $900 million.
With its market value, it has become the 75th largest cryptocurrency. BONK has also become the 3rd largest in the memecoin sector. Currently, Dogecoin (DOGE) and Shiba Inu (SHIB) are leading the memecoin sector.
