Crypto exchange Coinbase announced on May 24 that it is listing the Solana-based meme coin Bonk (BONK) for trading in New York. This follows the listing of XRP for New York residents a day earlier, leading to a more than 10% rise in BONK’s price within hours.
Coinbase’s move underscores its support for meme coins and popular cryptocurrencies amid ongoing SEC scrutiny of XRP. Following the announcement, BONK’s price surged but remains 3% down over the past 24 hours, currently trading at $0.00003293. The coin has seen a 46% rise in the past week and 55% over the past month. This listing is part of Coinbase’s broader strategy to expand its offerings, including perpetual futures contracts for meme coins like Shiba Inu (SHIB) and FLOKI. For more details, visit [CoinGape Media](https://coingape.com/bonk-price-soars-coinbase-lists-solana-meme-coin-xrp/).
