Bonk Meme Coin Soars 10% Today, Flipping FLOKI and BRETT

The Solana-based meme coin saw its price rise by 10% on a daily scale while its market capitalization surpassed the $1.7 billion mark. Thus, it flipped Floki Inu (FLOKI) and Brett (BRETT) to become the fifth-biggest token in the cohort. Multiple analysts noted BONK’s recent progress, envisioning even higher gains in the near future. One popular X user predicted that the asset could turn into “a whole different trade” should it reach the $0.000027-$0.000028 zone.Another, using the X handle Jakey, thinks that all crypto participants within the Solana ecosystem should have some exposure to BONK. The rapid progress was likely fueled by huge investor interest, support from leading exchanges, and favorable market conditions. Recall that Binance, Bybit, Coinbase, OKX, and many more allowed trading services with the asset.2024 has been even more successful for BONK, which surged to an all-time high at the end of May. In the past month, though, its price has dipped by 20% (per CoinGecko’s data).

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