BitcoinWorld

Bonk Inu (BONK) Surged 55% in Two Weeks, Flipping Floki Inu (FLOKI)
Latest News News

Bonk Inu (BONK) Surged 55% in Two Weeks, Flipping Floki Inu (FLOKI)

  • Bonk Inu (BONK), a Solana-based meme coin, has surged by about 55% over the past two weeks, flipping Floki Inu to become the fifth-largest in its cohort with a market capitalization of almost $1.6 billion.
  • Its growth has been bolstered by strong investor interest and listings on major cryptocurrency exchanges such as Binance and Coinbase.

BONK Climbs the Crypto Ladder

The correction reigning in the cryptocurrency market in the past few weeks has been more than evident, with leading digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and more witnessing substantial price declines.

The condition of the meme coin niche is no different, with most tokens deep in the red. 

BONK Price Chart | Source: Coinstats

 

However, there are a few exceptions, including the popular Solana-based meme coin – Bonk Inu (BONK) – which is up approximately 55% on a two-week scale (per Coinstats data).

Its market capitalization recently neared the $1.6 billion mark, thus surpassing Floki Inu (FLOKI) to become the fifth-largest meme coin. 

See Also: SOFI Surges After Firm Reports 37% Revenue Growth in Q1

Currently, BONK is the 65th biggest cryptocurrency, with a market cap higher than the popular altcoins Axie Infinity (AXS), The Sandbox (SAND), Aave (AAVE), and Algorand (ALGO).

It is also the second-largest meme coin built on the Solana blockchain, trailing only behind dogwifhat (WIF). 

The latter’s market capitalization exploded to almost $5 billion at the end of March before retracing to its current level of approximately $2.5 billion.

BONK’s Impressive Rise

The meme coin saw the light of day in December 2022, but it started making the headlines a year later. 

Back then, its price headed north exponentially, fueled by huge investor excitement, support from prominent individuals, and listing on leading cryptocurrency exchanges.

As reported, some of the giants that have already embraced BONK include Binance, Coinbase, Bybit, Kraken, KuCoin, and many more.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN

 

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.