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BULL MARKET | Solana’s BONK Becomes 3rd Largest MemeCoin after Gaining Over 650% in Last 30 Days

The Solana-based dog-themed memecoin named BONK ($BONK) has achieved the status of the third-largest memecoin by market capitalization.

The state of $BONK as of this writing:

* Listing on over 26 DEXs and CEXs including @binance @kucoincom @Bybit_Official @gate_io etc
* Integrations with over 26 DeFi ecosystems
* Integrations with support from over 7 wallets
* ~650K holders of $BONK
* Available on over 10 chains…

— BitKE (@BitcoinKE) December 14, 2023

BONK’s recent price surge, amounting to a remarkable 668.6% in the last 30 days, has propelled its market capitalization to over 888.5 million. This surpasses the current market capitalization of $PEPE, which stands at $608.3 million, according to CoinGecko data.

Over the past 30 days, $BONK has experienced significant growth, rising from $0.00000185 to $0.00001393, at the time of writing. This surge is attributed to traders capitalizing on a renewed wave of interest in the Solana ecosystem.

BONK Last 30 Days

The swift increase in BONK’s price has outpaced the growth of other more established dog-themed memecoins like Shiba Inu and Dogecoin. In the same time frame, Shiba Inu and DogeCoin posted gains of 15% and 28%, respectively.

BONK has secured its position as the third-largest memecoin, trailing behind DOGE (Dogecoin) and SHIB (Shiba Inu), which hold the first and second spots with market caps of $5.8 billion and $13.6 billion, respectively.

BONK’s gains can be attributed to various factors, including its listing on centralized exchanges like Binance and KuCoin. Moreover, Futures data indicates a significant rise in open interest over the past month, signifying heightened trading activity in BONK derivatives. This increased trading volume contributes to the overall volatility of the token’s price.

Launched on December 29, 2022, BONK experienced a significant 3,766% surge within the first week of trading, even amid the unfavorable price conditions of the bear market. However, starting from January 5 2023, BONK began to decline, and its price remained close to its all-time lows for the majority of the subsequent year.

$BONK started displaying signs of improvement in October 2023 and underwent a substantial increase in value. Since that date, BONK has experienced a remarkable gain of 6,215%, establishing itself as the most high-performing mid-cap memecoin over the last three months.




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