- Bonk, a dog-themed meme coin on the Solana blockchain, is now the third-largest meme coin by market capitalization.
- Over the last month, the meme coin has surged by an impressive 363%, reaching a market cap of $707 million.
- BONK currently holds the third position among meme coins, trailing behind Dogecoin and Shiba Inu.
The Solana blockchain is witnessing the meteoric rise of Bonk, a dog-themed meme coin, which has swiftly climbed the ranks to become the third-largest meme coin by market capitalization. According to recent CoinGecko data, Bonk has surged past the market cap of its counterpart, Pepe, marking an impressive milestone in the world of meme coins.
Over the last month, Bonk has experienced an astonishing 363% increase in its price, propelling its market cap to an impressive $707 million.
BONK now ranks behind Dogecoin and Shiba Inu
Bonk’s current market cap places it just behind the behemoths of the meme coin realm—DOGE and SHIB—with market caps of $5.66 billion and $13.64.4 billion, respectively.
The meme coin, which made its debut on Dec. 29, 2022, faced an impressive 3,766% surge in its first week of trading despite the challenging conditions of the bear market.
Subsequently, from Jan. 5 onwards, Bonk experienced a decline, hovering around its all-time lows for the better part of a year. However, a turning point emerged on Oct. 21, 2023, when Bonk initiated a remarkable upward trajectory. Since then, it has achieved an outstanding 6215% gain, solidifying its position as the most high-performing mid-cap meme coin over the last three months.
As Bonk continues to ride this wave of success, the cryptocurrency community remains captivated by its unprecedented ascent and the evolving dynamics within the meme coin landscape.
