BONK surged 30% to hit an all-time high of $0.00005377, up 213.89% from its monthly low.
BONK surpasses WIF to become the largest meme token on Solana with a market cap of $4 billion.
The recent listing on Coinbase has boosted the growth of BONK and WIF, with BONK leading in trading volume.
As the cryptocurrency bull run continues, memecoins are leading the way with staggering gains and soaring market valuations. While the memecoin craze has cooled somewhat compared to earlier in the week, Solana’s memecoin BONK has taken advantage of the relative calm to hit a new all-time high.
In the past 24 hours, BONK has surged more than 30% to reach an all-time high of $0.00005377. In comparison, meme coins such as FLOKI have only risen 6% in the same period, while other coins such as Dogecoin and Shiba Inu have fallen 3%.
It is worth noting that just two weeks ago, BONK was trading at $0.00001713. Currently, its value has reached $0.00005377, which is an impressive increase of 213% from the monthly low.
BONK goes beyond WIF
This stellar performance has allowed BONK to take back market share from Dogwifhat (WIF), the Solana memecoin that made headlines in the first quarter of this year with its explosive growth. At one point, WIF then became the third-largest memecoin by market cap, ahead of PEPE.
Currently, BONK has a market cap of around $4 billion, while WIF has a market cap of $3.86 billion. WIF has not experienced as much of a price increase as BONK has. As of now, WIF is trading at $3.87, up 2.15% in the past 24 hours and 53% in the past week.
A major factor contributing to the surge in WIF’s price is its recent listing on Coinbase, the largest cryptocurrency exchange in the United States. However, the frenzy surrounding BONK far exceeds that of WIF.
Last week, BONK’s 24-hour trading volume briefly surpassed that of Ethereum, the largest altcoin by market cap.
