Red-Hot Meme Token Bonk Surges Past Shiba Inu in Trading Volume, Up 40% as Coinbase Listing Looms
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The Solana meme token Bonk (BONK) has surpassed Shiba Inu (SHIB) in 24-hour trading volume, reaching $311 million vs SHIB's $232 million. BONK's price has jumped over 40% in 24 hours.
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Bonk has seen a 58.7% spike in market cap, making it the 68th-ranked digital asset on CoinMarketCap.
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Top US exchange Coinbase announced Bonk will be added to its altcoin listing roadmap, signaling potential future support for trading the token.
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Bonk recently launched BONKBot, allowing users to trade crypto assets over Telegram.
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Crypto analyst Ali Martinez warned a month-long correction could be in the works for Bonk, according to a key indicator showing a sell signal.