Solana-Based Meme Coin BONK Explodes +1,900% in a Month to Overtake SOL Gains

Solana-Based Meme Coin BONK Explodes +1,900% in a Month to Overtake SOL Gains

Key Insights

  • BONK, a Solana-based memecoin, has exploded by more than 2,300% over the past month.
  • BONK's price increase is more than Solana's, which has gained about 99% in the same period.
  • BONK was launched in December 2022 and remained relatively dormant until late October 2023, when it began to rally.
  • BONK's market cap has also surged, from $1.8 million to $183.4 million.
  • Rumours suggest that BONK may be listed on Binance soon, which could further boost its price

There is a new Solana-based memecoin on the market, that has been on a tear lately.

Here's how bullish this memecoin is.

According to data from CoinMarketCap, the price of Solana has increased by about 99% in the last month and was just inches from $70 before being sent downwards by the bears on November 19.

However, Bonk, this Solana-based memecoin has beaten the bullish potential of SOL by more than a hundred times.

Solana BONK's Spectacular Price Explosion

BONK was launched in December 2022 on the SOlana network, during the height of SOlana's crash when FTX went down.

Just like most of the other popular memecoins we have seen, BONK is dog-themed. Much like Dogecoin (DOGE) and Shiba Inu (SHIB).

BONK started at around $0.00000001 on launch and remained stagnant ever since.

BONK's rally | Source: <a href='' target='_blank' rel='noreferrer noopener'><u>CoinMarketCap</u></a>
BONK's rally | Source: CoinMarketCap

However, in late October this year, this memecoin suddenly took off and is now up by more than 1900% over the last 30 days as shown above

BONK even reached a new all-time high of $0.00000539 on November 20.

BONK's market cap rally
BONK's market cap rally

According to data from CoinGecko, BONK's market cap also surged from $1.8 million to $183.4 million in the same period, making it one of the top 10 tokens on Solana by market cap.

Possible Binance Listing May Lead To Even More Gains

According to rumours and reports going around, we may even see a BONK listing sometime soon on Binance

However, while there has been no significant piece of evidence to support this claim, it is still easy to speculate that BONK may end up right up there with others like DOgecoin, Shiba Inu and PEPE.

Considering how memecoins mostly capitalize on Social media hype for their price increases, we are about to witness even more massive gains on this new Solana-based memecoin.

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

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