BONK token price rose 19.29% in the last 24 hours and 146.87% in the last 7 days. The current price of BONK is US$0.00001314 with a 24-hour trading volume of $149,838,469.68. With a circulating supply of 61 TrillionBONK, BONK has a market cap of US$795,460,204.
This BONK price increase occurred amidst the overall downward trend in the crypto market. This shows that BONK still has strong appeal among investors.
Solana (SOL) Blockchain Growth
The growth of the Solana blockchain, which is home to BONK, is one of the factors contributing to BONK's price increase. Trading volume on this blockchain skyrocketed, from an average of $8 million per day in early November to more than $80 million on December 6.
Ambitious Development Plan
BONK plans to launch a variety of new products and services, including: NFT platform, marketplace, and DeFi protocol. This development plan is expected to increase BONK's utility and attract more users.
Although BONK is a meme token, meaning its price is highly volatile and can change quickly, the current rise in BONK's price shows that this token still has potential for growth. Investors need to do their own research before deciding to invest in BONK.
