Solana's meme coin, Bonk (BONK), recently saw a 40% surge within a day after being listed on Coinbase, making it the third-largest meme coin on the platform. Coinbase's selective listing process added credibility, resulting in a price boost and recovery from previous losses. Trading at $0.000014 with a $235 million volume, Bonk's versatility beyond a meme coin was evident as it found utility in Solana's ecosystem for NFT payments. Despite its meme origins, the decentralized team of 22 individuals has actively contributed to building decentralized applications and NFTs on Solana. Bonk's market cap rose impressively from $50 million to $800 million, signaling its potential and prominence in the evolving cryptocurrency landscape.
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