On Monday, a surge ensued as BONK BONK/USD, the dog-themed meme coin on the Solana SOL/USD network, hit an all-time high of $0.0000066. At the moment of writing, BONK is trading at $0.0000061, representing a 12 percent increase within the past 24 hours, while Dogecoin DOGE/USD and Shiba Inu SHIB/USD rose 2-4%, respectively. Over the past 30 days, BONK soared by 750%, accompanied by mounting investor interest in Solana, the blockchain platform underlying the meme coin. Not to mention, KuCoin also listed BONK in the BONK/USDT trading pair, thus boosting the crypto’s trade volume, which boasted a 270% hike totaling $182 million over the course of a single day.
In addition to this news, Solana has recently stepped into the sixth-largest cryptocurrency by market capitalization yet to catch up with the rapid growth of frontrunner cryptos Bitcoin BTC/USD andEthereum ETH/USD. From its fall near $8 a few months ago, SOL made praised comebacks, reaching an all-time peak of almost $260 in 2021.
Meme coins are recognized for their Yen-aldros technotropic es Picno properties, and with Dogecoin and Shiba Inu consistently giving the top 10 and 19 commensurate rank qualities, respectively, the current outcome of BONK is far from being ordinary.
Analyzed through IntoTheBlock Data, the progress report showcases Dogecoin HODLERs surpassing Shiba Inu in merit 57 times, disclosing concedes into investments as much as $1 million was SHIB spiked at 1 cent.
