- BONK jumped 30% to hit an all-time excessive of $0.00005377, up 213.89% from its month-to-month low.
- BONK overtakes WIF with a market cap of $4 billion, making it the most important meme coin on Solana.
- A latest itemizing on Coinbase boosts each BONK and WIF, with BONK main in buying and selling quantity.
Because the crypto bull run continues, meme cash are main the cost with spectacular positive factors and hovering market valuations. Though meme coin fever has cooled considerably in comparison with earlier within the week, Solana's meme coin BONK took benefit of this relative lull to hit an all-time excessive.
Within the final 24 hours, BONK has risen by greater than 30% to achieve an all-time excessive worth level of $0.00005377. In distinction, meme cash like FLOKI noticed solely 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 at $0.00005377, it represents a powerful 213% enhance from the month-to-month low.
BONK is forward of WIF
This exceptional 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 positive factors. After that, WIF briefly turned the third largest meme coin by market cap, forward of PEPE.
BONK presently boasts a market cap of round $4 billion, whereas WIF's market cap stands at $3.86 billion. WIF has but to expertise a big worth pump like BONK. WIF is presently buying and selling at $3.87, up 2.15% within the final 24 hours and up 53% within the final week.
The principle issue contributing to the rise in WIF costs is that it was just lately listed on Coinbase, the most important US-based crypto alternate. Nonetheless, the frenzy surrounding BONK far exceeded WIF.
At one level final week, BONK noticed a better 24-hour buying and selling quantity than Ethereum, the most important altcoin by market cap.
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