BONK Surges and Overtakes PEPE
BONK, a memecoin built on the Solana blockchain, has experienced a remarkable growth of 370% in the past month, making it the third-largest memecoin by market capitalization, surpassing PEPE. Its fully diluted value (FDV) now stands at $1,248,899,516 and its market cap is around $810 million. While BONK’s surge outperforms SHIB (20%) and DOGE (35%), it still has a long way to go to catch up with the top two memecoins.
This surge in BONK’s price can be attributed to several factors. Firstly, its listing on KuCoin has contributed significantly to its growth. Additionally, the increasing interest in memecoins and the rising popularity of Solana have fueled speculation about a possible listing of BONK on Coinbase.
Solana-Based Tokens Thriving
Despite facing a downturn along with other cryptocurrencies after a significant market decline, both SOL and BONK have shown resilience. Solana-based projects like Jito’s JTO have gained traction and sparked interest within the Solana community, with JTO experiencing a surge of over 100% within just 24 hours of its launch.
Hot Take: Solana Continues to Make Waves
Solana’s ecosystem continues to attract attention and gain momentum. The recent success of BONK and JTO highlights the growing interest in Solana-related tokens. With its strong performance and increasing adoption, Solana is positioning itself as a significant player in the crypto space.
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