Bonk Bounces to the Bark Side: Solana’s Dog-Meme Coin Takes a Bite out of Pepe’s Market Cap!

Solana’s canine-themed memecoin, Bonk (BONK), has wagged its way to the third spot among memecoins, outpacing Pepe in market capitalization on December 8.

With an astonishing 370% surge in the past month, Bonk’s market cap now stands at $762 million, surpassing Pepe’s $675 million, as per CoinGecko data.

In the last 30 days, BONK has leaped from $0.0000028 to $0.000012, riding the wave of renewed interest in the Solana ecosystem. Notably, Bonk’s rapid ascent eclipses the gains of more established dog-themed memecoins like Shiba (20%) and Dogecoin (35%) in the same timeframe.

As of now, Bonk proudly claims the title of the third-largest memecoin, trailing behind Shiba Inu in second place and the reigning champion, Dogecoin, with market caps of $6 billion and $14.4 billion, respectively.

Bonk’s meteoric rise can be attributed to strategic moves, including listings on major centralized exchanges such as Binance and KuCoin. Moreover, futures data reveals a substantial surge in open interest over the past month, indicating a flurry of trading activities in Bonk derivatives and adding an extra layer of volatility to the token’s price.

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Maria Irene
Maria Irenehttp://ledgerlife.io/
Maria Irene is a multi-faceted journalist with a focus on various domains including Cryptocurrency, NFTs, Real Estate, Energy, and Macroeconomics. With over a year of experience, she has produced an array of video content, news stories, and in-depth analyses. Her journalistic endeavours also involve a detailed exploration of the Australia-India partnership, pinpointing avenues for mutual collaboration. In addition to her work in journalism, Maria crafts easily digestible financial content for a specialised platform, demystifying complex economic theories for the layperson. She holds a strong belief that journalism should go beyond mere reporting; it should instigate meaningful discussions and effect change by spotlighting vital global issues. Committed to enriching public discourse, Maria aims to keep her audience not just well-informed, but also actively engaged across various platforms, encouraging them to partake in crucial global conversations.

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