Solana’s BONK Token Hits Record High Amid Crypto Surge
The Solana-based meme coin BONK is constant to surge out there, hitting an all-time excessive with a market capitalization near $420 million on Tuesday.
In response to information from CoinGecko, the token had risen greater than 21% simply within the final 24 hours on the time of writing, buying and selling at a worth of $ 0.00000676 and with a market cap proper across the $400 million mark.
Over the previous seven days, the recent meme coin is now up some 61%, and up greater than 730% on a 30-day foundation.
That compares to a 7-day achieve of 12% for Dogecoin (DOGE) and a 14% achieve for Shiba Inu (SHIB), the 2 hottest meme cash within the crypto market.
BONK, additionally a dog-themed token, is likely one of the hottest meme coin initiatives on the Solana blockchain for the time being.
On its web site, the challenge describes itself as “the true group coin of web3,” and claims to have 649,000 holders throughout 10 completely different blockchains.
The BONK token launched all the best way again in December of final yr, however its recognition solely began to take off final month.
The surge within the token worth has adopted a rising curiosity within the broader Solana ecosystem, which has additionally fueled a powerful rally within the worth of Solana’s native SOL token.
On the time of writing, SOL was up 8.2% for the previous seven days and 48% for the previous 30 days.
