- BONK soared 30% and hit an all-time excessive of $0.00005377, up 213.89% from its month-to-month low.
- BONK overtook WIF with a market capitalization of $4 billion, turning into Solana's largest meme coin.
- Each BONK and WIF have elevated in latest Coinbase listings, with BONK main in buying and selling quantity.
Because the crypto bull market continues, memecoins are main the best way with spectacular features and skyrocketing market valuations. Whereas the meme coin craze has subsided considerably in comparison with earlier within the week, Solana's meme coin BONK took benefit of this relative calm to hit an all-time excessive.
BONK has surged greater than 30% previously 24 hours, reaching an all-time excessive value level of $0.00005377. In distinction, meme cash corresponding to FLOKI solely noticed a 6% improve over the identical interval, whereas different cash corresponding to Dogecoin and Shiba Inu skilled a 3% decline.
Notably, simply two weeks in the past, BONK was buying and selling at $0.00001713. Its worth at the moment stands at $0.00005377, representing a powerful 213% improve from its month-to-month low.
BONK overtakes WIF
This spectacular efficiency allowed BONK to regain market share from Dogwifhat (WIF), the Solana meme coin that made headlines with its explosive features within the first quarter of this yr. WIF then briefly overtook PEPE to change into the third largest meme coin by market capitalization.
At present, BONK's market cap is round $4 billion, whereas WIF's market cap is $3.86 billion. WIF has not but skilled a big value improve like BONK. In the meanwhile, WIF is buying and selling at $3.87, up 2.15% over the previous 24 hours and 53% over the previous week.
The primary issue contributing to WIF's value hike is that WIF was not too long ago listed on Coinbase, the biggest cryptocurrency change in america. Nevertheless, the keenness surrounding BONK far exceeds that of WIF.
At one level final week, BONK recorded 24-hour buying and selling quantity that exceeded Ethereum, the biggest altcoin by market capitalization.
Disclaimer: The knowledge contained on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or recommendation of any sort. Coin Version shouldn’t be accountable for any losses incurred on account of the usage of the content material, merchandise, or providers talked about. We encourage our readers to conduct due diligence earlier than taking any motion associated to our firm.
