Solana’s Bonk (BONK) Emerges as Third-Largest Memecoin, Surpassing Pepe in Market Cap Surge
Release: 2023/12/13 04:34 Reading: 821
Bonk (BONK), a quirky Solana-based memecoin with a canine twist, has vaulted to prominence, securing its spot as the third-largest memecoin by market capitalization.
This remarkable ascent occurred on December 8th, as Bonk’s meteoric rise outstripped the market cap of its fellow memecoin, Pepe.
Over the past month, Bonk has undergone a staggering price surge, accumulating an astonishing 370% growth rate.
This surge propelled its market capitalization to an impressive $762 million, in stark contrast to Pepe’s current market cap of $675 million, as per data from CoinGecko.
During this whirlwind 30-day period, BONK catapulted from a minuscule $0.0000028 to $0.000012. Traders fervently seized the opportunity to capitalize on the newfound enthusiasm surrounding the Solana ecosystem.
What’s particularly noteworthy is that Bonk’s rapid price surge outpaced even more established dog-themed memecoins like Shiba Inu and Dogecoin, which posted comparatively modest gains of 20% and 35%, respectively, in the same timeframe.
READ MORE: EU Reaches Landmark Agreement on Comprehensive AI Regulation
At the time of this report, Bonk has firmly entrenched itself as the third-largest memecoin, trailing only DOGE and SHIB, the leaders of the pack, with market caps of $6 billion and $14.4 billion, respectively.
Several factors underpin Bonk’s remarkable gains. Its listing on prominent centralized exchanges, including Binance and KuCoin, played a pivotal role in expanding its reach.
Moreover, futures data has shown a substantial increase in open interest over the past month, indicating significant trading activity in Bonk derivatives.
This heightened trading activity has contributed to the token’s price volatility.
Bonk initially debuted on December 29, 2022, and astoundingly witnessed a 3,766% surge within its first week of trading, despite the bearish conditions prevailing in the market.
Following this remarkable ascent, Bonk’s value gradually dwindled, with its price remaining near its all-time lows for nearly a year.
However, the tides began to turn on October 21, 2023, when Bonk exhibited signs of resurgence, experiencing a dramatic surge in value.
Since that pivotal date, Bonk has skyrocketed by a staggering 6,215%, solidifying its position as the most high-performing mid-cap memecoin in the past three months.
Recent news
More>- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 (22 Nov) 11-23
- New Solana Memecoin Shiba Eats Pepe to Skyrocket 16,000% Before Exchange Listing, as Dogecoin and Bonk Fall 11-23
- Top Trader Calls Dogecoin Budget XRP — Here's Why 11-23
- PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? 11-23
- $1k in Dogecoin in 2021 Worth $200,000 Today, Analyst Points to a New Opportunity to Repeat It 11-23
- $440 in Dogecoin (DOGE) Could Turn Into $44000 by November 2025, But One DOGE Alternative Will Do It in 8 Weeks: Surprisingly, It’s Not Shib... 11-23
- 3 Altcoins Priced Under $1 That Could Skyrocket By 6500% 11-23
- DOGE eyes $4 as Bonk and a new coin’s recent breakout hint at potential future trends 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com