- BONK jumps 30%, hitting an all-time excessive of $0.00005377, up 213.89% from its month-to-month low.
- BONK surpasses WIF with a market cap of $4 billion, making it the most important meme coin on Solana.
- Coinbase's latest itemizing boosts each BONK and WIF, with BONK main in buying and selling quantity.
Because the cryptocurrency bull run continues, meme cash are main the cost with spectacular features and rising inventory valuations. Though meme coin fever has calmed considerably in comparison with earlier within the week, Solana's BONK meme coin capitalized on this relative calm and reached an all-time excessive.
Over the previous 24 hours, BONK has surged over 30%, reaching a worth of $0.00005377, its highest ever. In distinction, meme cash like FLOKI solely noticed a 6% achieve over the identical interval, whereas others like Dogecoin and Shiba Inu noticed a 3% loss.
Notably, simply two weeks in the past, BONK was buying and selling at $0.00001713. With its worth now reaching $0.00005377, it represents a formidable 213% enhance from its month-to-month low.
BONK overtakes WIF
This outstanding efficiency allowed BONK to regain market share from Dogwifhat (WIF), the Solana meme coin that made headlines within the first quarter of the yr with explosive features. Then, WIF briefly grew to become the third largest coin by market capitalization, forward of PEPE.
Presently, BONK has a market capitalization of round $4 billion, whereas WIF's market capitalization stands at $3.86 billion. WIF has not but seen as large a worth rise as BONK. Presently, WIF is buying and selling at $3.87, up 2.15% over the previous 24 hours and 53% over the previous week.
One of many most important components contributing to the WIF worth surge is its latest itemizing on Coinbase, the most important cryptocurrency trade based mostly in the USA. Nonetheless, the frenzy round BONK has far exceeded that of WIF.
At one level final week, BONK recorded a better 24-hour buying and selling quantity than Ethereum, the most important altcoin by market capitalization.
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