In a surprising turn of events, Solana’s meme coin, $BONK, has overtaken $ATOM (Cosmos) in market capitalization. With $BONK now boasting a market cap of $1.76 billion, it has surpassed $ATOM, which currently sits at $1.75 billion. This places BONK at the 50th position in the global cryptocurrency rankings, just ahead of Cosmos.
The rapid rise of $BONK highlights the growing trend and influence of meme coins, particularly within the Solana ecosystem. As the meme coin gains traction and draws more attention, its position in the market could further solidify, raising questions about its potential impact on other well-established projects like Cosmos.
