U.Today - Solana's very own meme coin, BONK, has its way past veteran players Dogecoin (DOGE) and Shiba Inu (SHIB) on Coinbase (NASDAQ:COIN)'s trading volume charts.
The numbers speak volumes, quite literally, with BONK/USD's trading volume hitting $33 million, comfortably surpassing DOGE/USD at $20.5 million and SHIB/USD at $11.3 million, according to CoinGecko data.
BONK's Coinbase-driven price surge
Earlier this month, BONK's price saw a dramatic increase, surging by more than 40% upon its listing on Coinbase.listings often result in a temporary boost in token prices, as the exchange is known for its selective token offerings, which can add a sense of legitimacy to listed projects.
Despite its origins as a meme coin, BONK has found rapid adoption within the Solana ecosystem. It has been integrated into various projects and used for transactions involving non-fungible tokens (NFTs).
BONK's position in the market
BONK currently stands in 79th place by total trading volume, according to recent . This places it ahead of well-known tokens like SHIB, which has less trading volume than Ethereum Classic, and just below others like GALA and The Sandbox (SAND).BONK's market capitalization has reached $937 million. It is currently trading at $0.00001549.
The token's performance is part of the reason why Solana (SOL) has staged a big rally and recovered from the challenges following Sam Bankman-Fried’s downfall, which had initially dampened market sentiment.