SOL increased 90%, BONK exploded 1,773% in the past 30 days

The Solana ecosystem is experiencing a resurgence in activity, largely fueled by SOL's remarkable price surge, marking a 90% increase in the last 30 days. However, the standout performer within the network's meme coins is currently BONK, surpassing even the most substantial gains.

Over the past week, the price of BONK has surged by 119.5%, contributing to a staggering 1,773% return in the last 30 days, reaching an all-time high of $0.000007 before retracing to its present value of $0.0000038 at the time of this update. It's worth noting that despite the notable drop from its all-time high, the altcoin has experienced a decrease of over 15% in the last 24 hours alone.

BONK made its debut in December, a period when the Solana ecosystem was undergoing a revival following the downturn linked to the collapse of the cryptocurrency exchange FTX, closely associated with Solana. Inspired by dog-themed meme coins like Dogecoin (DOGE) and Ethereum-based Shiba Inu (SHIB), BONK quickly gained attention in early January, reigniting interest among Solana users and developers as SOL itself faced a drop to around $8.

As is common with meme coins, BONK's price exhibits considerable volatility, making it one of the most unpredictable tokens in the cryptocurrency market. While rumors circulate on social media regarding a potential listing on the leading cryptocurrency exchange Binance, there is currently no substantial evidence supporting such a move. Nonetheless, given the susceptibility of meme coins to social media sentiment, speculative discussions alone could significantly contribute to BONK's recent surge.
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