Bonkers for Bonk: How a Memecoin Turned $10 into $11.5K in One Month
Solana-based memecoin Bonk Inu has skyrocketed over 1000% in the past month to a top 100 market cap, turning an airdropped $10 position into over $11.5K
Keep up with what's happening in the crypto world in real-time.
Solana-based memecoin Bonk Inu has skyrocketed over 1000% in the past month to a top 100 market cap, turning an airdropped $10 position into over $11.5K
BONK, BTT, and OP are top gainers on December 8 which makes them some of the best crypto to buy now. The skyrocketing surge in the crypto market has not only been limited to decentralized protocol tokens but also extended to meme coins.
Solana, which was said to be dead after the FTX fiasco, has surged over 400% since the beginning of the year. Besides the dog-themed coin of Solana, Bonk has maintained a strong bull run for a long time. Despite the sales of Solana's mobile device, Saga has been disappointing.
Since January, Solana has increased by more than 430 percent, from $10 to over $71 at the time of writing. Although SOL and the ecosystem as a whole have experienced significant growth in 2023, Saga, Solana's mobile device, has not fared as well.
Even Saga's founder admits he doesn't use the phone.
The crypto prices today continue to surge, extending the positive trend witnessed throughout December. Meanwhile, this recent upward trajectory has catapulted major cryptocurrencies, including Bitcoin and Ethereum, to their highest levels in over a year, signaling a renewed investor appetite for riskier assets.
BONK (CRYPTO: BONK), the meme coin based on the Solana (CRYPTO: SOL) blockchain, has shown a surge of 36% within the last day, outperforming top cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and even the original dog-themed meme coin, Dogecoin (CRYPTO: DOGE). What Happened: The price hike has propelled BONK to the forefront as the current top performer on the CoinMarketCap top performer list, with its trading value reaching $0.000010.
Bullish traders are once again eyeing up risky assets for quick gains.
Notably, BONK's recent peak is reflective of the thriving memecoin sector, which includes notable assets like Shiba Inu and Dogecoin. The collective growth in this meme-centric space underscores the ongoing bullish trend and heightened interest from investors in these unconventional digital assets.
BONK's uptrend seems nowhere near its end, with its price tapping a new ATH on December 7.
A pseudonymous cryptocurrency analyst on Wednesday hinted at the potential for FLOKI (CRYPTO: FLOKI), a meme coin, to experience a 40% surge. What happened: This comes as the top meme cryptocurrency Dogecoin (CRYPTO: DOGE) reached $0.10 levels on Monday.
A Solana-based meme-inspired cryptocurrency called BONK has been outperforming other major memecoins over the last few months, having seen its price skyrocket nearly 2,000% over the last six months to now trade at $0.0000079756 per token. The token was trading at around $0.00000016 back in October before it started surging.
The fear of missing out (FOMO) is driving investors deeper into the crypto market for the treasure hunt that could see them make the most out of the bull market in 2024. For some, meme coins stand out as affordable digital assets with immense potential.
In the vibrant world of cryptocurrencies, a new star is shining bright as the Bonk token, inspired by the playful Shiba Inu, takes center stage. Surging over 70% in a matter of days, this token has swiftly climbed the ranks to become the third-largest dog-themed digital asset, following the footsteps of pioneers like Dogecoin (DOGE) and Shiba Inu (SHIB).
While DOGE and SHIB experienced notable gains of 16% and 10%, respectively, in the past 24 hours, Bonk outshone its counterparts with a surge exceeding 70%.
In the ever-evolving landscape of cryptocurrency, a new player has emerged in the dog-themed token space, challenging the long-standing dominance of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). BONK (CRYPTO: BONK), a Solana (CRYPTO: SOL) based token, has made headlines with its extraordinary performance over the past week.
The dog-themed cryptocurrency token BONK, built on the Solana blockchain, has achieved a significant milestone by becoming one of the top three in its category based on market capitalization. This accomplishment comes as BONK surpasses FLOKI, an Ethereum-based token, with a slight margin of over $500 million in market capitalization.
The Solana-based dog-themed crypto token, BONK, has soared to new heights, securing its place among the top three “dog-themed coins” by market capitalization. This achievement comes as BONK surpasses the Ethereum-based FLOKI with a slight margin of over $500 million market cap.
Bonk, a Shiba Inu-inspired cryptocurrency, has experienced a meteoric rise in value, catapulting it to the third spot among dog-themed tokens, just behind Dogecoin and Shiba Inu. As of December 6, 2023, Bonk boasts a market capitalization of $440 million, leaving Floki ($400 million) and BabyDogeCoin ($350 million) in its wake.
The Solana hype cycle and resurgent interest in meme coins have powered joke token BONK to new all-time highs, gaining over 750% in the last month on the way to a nearly $400 million market cap.
A more than 70% surge since Sunday has catapulted it to the third-largest dog-themed tokens behind foremost dogecoin (DOGE) and shiba inu (SHIB).
In recent weeks, the Solana (SOL) blockchain has been making waves in the crypto world, with its native token SOL experiencing a remarkable uptrend of 46% over the past 30 days. Alongside this surge, Bonk Inu (BONK), the first Solana-based meme coin, has gained significant traction, solidifying its position as the third-largest dog coin by market capitalization, surpassing Floki Inu (FLOKI).
Capping off a month of historic gains, the BONK token amassed a market cap large enough to dethrone Elon Musk-themed coin FLOKI.
BONK has exploded by over 700% in the past month.