BONK Won't Stop: Solana Meme Coin Sets Another All-Time High
As Solana continues to climb in recent weeks, its top meme coin BONK is reaping the rewards, now up 762% in the past 30 days.
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As Solana continues to climb in recent weeks, its top meme coin BONK is reaping the rewards, now up 762% in the past 30 days.
BONK — a meme coin on the Solana network — silently rose to all-time highs of $0.000006666 in today's trading session.
Orca, the biggest decentralised exchange (DEX) on Solana, is thriving as demand for tokens in the ecosystem surge. Data compiled by CoinMarketCap (CMC) shows that the volume in its ecosystem has jumped sharply in the past few months. The data reveals that the exchange handled over $113 million in the past 24 hours.
The price of a Solana-based meme-inspired cryptocurrency has recently surged more than 20% after a surprise listing on a major centralized cryptocurrency exchange, KuCoin, after having already seen its price surge more than 800% over the last six months.
After these last few days of red candles altcoins could be ready to start coming back to life. The Solana ecosystem has some prime candidates to take the lead.
Investor sentiment in the market shifts to greed, with a focus on altcoins including Blur, Uniswap, and Bonk.
BONK's meteoric rise fired a second-stage booster with a new futures offering alongside PYTH.
Solana dog coin Bonk (BONK) surged higher in early Wednesday trading, rising from a low of $0.00000347 to an intraday high of $0.0000051.
The BONK token is on a parabolic rise as it continues to soar despite being a meme coin on the Solana network.
Granted, BONK promptly fell 29% after hitting that peak, but the Solana meme coin has still doubled in price over the past week.
Following SOL's direction, the prices of BONK and other meme coins increased. The Solana founder brought up a discussion that could drive use cases.
Sunny days linger for Solana as the Layer-1 chain's own dog-themed memecurrency charms the SOL community.
BONK tapped an all-time high of approximately $0.00000477.
BONK, the first dog-themed meme coin created on the Solana blockchain, has seen its price jump by 40% over the past 24 hours, according to CoinMarketCap data.
Dog-themed cryptocurrencies, or dog coins, are currently outperforming the broader crypto market. The list includes Dogecoin (CRYPTO: DOGE), Floki (CRYPTO: FLOKI), Solana-native dog coin Bonk (CRYPTO: BONKI) and Shiba Inu (CRYPTO: SHIB).
Humanity has for centuries put dogs on their money — ancient Romans frequently did it and so did the Greeks.
Solana (SOL) price has bounced back in the past two straight days as the crypto fear and greed index rises. The SOL token jumped to a high of $60, a few points below the year-to-date high of $64. In all, it has soared by over 632% from the lowest point in December last year.
Often referred to as the “Ethereum killer,” Solana has exhibited outstanding performance among altcoins, boasting a yearly surge of over 220%. Solana recently surpassed $54 for the first time since May 20, 2022, marking weekly gains of 32% and monthly advancements of an impressive 158.5%, as per CoinGecko data.
Solana dog coin Bonk (BONK) has quietly surged, gaining more than 200% in a matter of days. Most apparently, BONK is riding off the bullish wave initiated by the seventh largest cryptocurrency, Solana (SOL), which remains an outperformer among major cryptos in the ongoing bull run.
BONK currently trades at its highest price level since January. The uptick has been due to the general rally in the crypto market and the launch of single-sided liquidity pools on the Bonk Inu platform.
The altcoin market rally has been the talk of the crypto community lately and it has been with good reason. Amid this rapid rise of cryptocurrencies across the board, meme coins have been doing well.
Bonk, the forgotten meme coin that made headlines in January is back. Its token price surged by more than 60% on Thursday as cryptocurrencies jumped. It jumped to a high of $0.0000020, the highest point since March this year, giving it a market cap of over $41 million.
BONK, launched on December 25, 2022, is Solana's first dog-themed meme coin, designed to support various decentralized applications on the Solana network. It experienced remarkable growth of over 3,300% in January 2023, reaching a peak value of $0.00000487.
Solana (CRYPTO: SOL)-based meme coin BONK has gained significant traction in the last 24 hours, outperforming popular meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: BONK, launched on December 25, 2022, is Solana's first dog-inspired meme coin.