Solana’s BONK Token Surges to All-Time High
The meme coin BONK, built on the Solana blockchain, has reached a new milestone by reaching a market capitalization of nearly $420 million. In the last 24 hours alone, the token has surged over 21%, currently trading at $0.00000676 with a market cap around $400 million. Over the past week, BONK has seen a staggering 61% increase and a remarkable 730% surge in the last 30 days.
Outperforming Popular Meme Coins
Compared to other popular meme coins in the market, such as Dogecoin (DOGE) and Shiba Inu (SHIB), BONK has outperformed with a 7-day gain of 12% for DOGE and a 14% gain for SHIB.
A Popular Meme Coin on Solana
BONK is currently one of the most popular meme coin projects on the Solana blockchain. With its claim to be “the true community coin of web3,” BONK boasts 649,000 holders across 10 different blockchains.
Rising Interest in Solana Ecosystem
BONK’s surge in price is reflective of the growing interest in the broader Solana ecosystem. This interest has also contributed to a strong rally in the price of Solana’s native token, SOL. Over the past seven days, SOL has experienced an 8.2% increase and a notable 48% surge in the last month.
Hot Take: BONK Continues to Break Records
The BONK token’s remarkable performance reflects its growing popularity and investor interest. As meme coins gain traction in the crypto market, BONK has emerged as a standout performer, surpassing even established meme coins like DOGE and SHIB. With its strong presence on the Solana blockchain and a dedicated community of holders, BONK is poised to make further waves in the crypto space.
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