Bonk Inu’s (BONK) cryptocurrency reached its all-time high value thanks to Coinbase support and a strong connection with Solana (SOL). With a market capitalization of approximately 900 million dollars, BONK climbed to the 75th position in the overall cryptocurrency list and to the 3rd place in the memecoin sector. The increase in the price of the altcoin is partially attributed to SOL’s unique performance in the recent period.
Bonk Inu is frequently making a name for itself in the cryptocurrency world. The Solana-based altcoin set a new record by reaching a level of 0.00001518 dollars. While the price of the altcoin increased by %13,600 or 272 times over the last year, it was observed to have risen by %650 or 13 times just in the past month.
One of the fundamental factors behind the rise in BONK’s price was its listing by the US-based major cryptocurrency exchange Coinbase. After adding the altcoin to its list, Coinbase warned that it might not be traded in some supported jurisdictions. This step came shortly after Coinbase added the altcoin to its watchlist, that is, its listing roadmap.
Another factor behind BONK’s impressive performance can be directly attributed to Solana. SOL, the native asset of the Solana network, has been one of the best-performing altcoins in recent months and recently surpassed the 70 dollar level. Since the beginning of the year, the price of the altcoin is shown to have increased by %600.
Reaching a new ATH level significantly increased BONK’s market value. The market capitalization of the altcoin reached 900 million dollars. BONK also became the 3rd largest cryptocurrency in the memecoin sector. Currently, Dogecoin (DOGE) and Shiba Inu (SHIB) are leading in the memecoin sector.