BONK, SHIB, and FLOKI Prices Set to Shoot for the Moon as Coinbase Adds Perpetual Futures Support

May 24, 2024 at 10:45 AM GST updated: May 24, 2024 at 10:29 AM 2 mins read Crypto Live News

Coinbase adds Perpetual Futures for BONK, FLOKI, and Shiba Inu (SHIB).
This move will likely bring more inflows to the popular memecoins.
Following the success of the ETH ETF approval FLOKI and SHIB altcoins will surge faster.

Coinbase releases bullish news for three of the most popular memecoins in the space, BONK, Shiba Inu (SHIB), and FLOKI. While FLOKI and SHIB are considered more altcoins than memecoins in recent days, they still carry the same bullish action as any other memecoin community.

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Bullish sentiments are high for all three tokens with Coinbase’s latest news. In detail. Coinbase, the renowned cryptocurrency exchange, announced that it will list Pertetual Futures for all three of these popular altcoins.

@CoinbaseIntExch will add support for Bonk, FLOKI, and Shiba Inu perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP markets will begin on or after 9:30am UTC 30 MAY 2024. $BONK $FLOKI $SHIB pic.twitter.com/TNNAFEjtHH
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) May 23, 2024

In particular, Coinbase will open 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP onto its platform. By opening these perpetual futures for these memecoins to the global markets, the expectation for these assets prices to rise is indeed high.

To specify, the opening of 1000BONK-PERP, 1000FLOKI-PERP, and 1000SHIB-PERP will commence only on or after 9:30 AM UTC on May 30, 2024. The BONK, SHIB, and FLOKI communities are in a frenzy and many thank Coinbase for its support.

No doubt, all three communities are eager to see the price reflect on their beloved tokens once the perpetual futures listings go live. All three projects have been working hard to come so far and prepare for the upcoming golden bull run.

For instance, SHIB and FLOKI have both been completing incredibly high token burns over the last few months. In fact, FLOKI just completed its token burn of over 15 billion tokens after over 99% of the FLOKI DAO made the unanimous vote to burn the significant amount.

BONK, FLOKI, and SHIB are all in the leading memecoin tokens to moon this cycle along with PEPE and WIF. In particular, SHIB and FLOKI are expected to moon very soon as ETH ETFs have been approved and all ETH-based tokens will likely experience a major surge soon once inflows start flooding into ETH markets.