Kyle Chassé, a prominent crypto community figure who has been a Bitcoin investor since 2012, has argued that BONK will outpace Shiba Inu.
In a recent tweet, Chassé shared insights on the emerging dynamics of the crypto meme coin market. According to Chassé, memes-inspired crypto projects are a driving force behind the adoption of cryptocurrencies in the current cycle.
He noted meme tokens are catalysts drawing individuals unfamiliar with the space into crypto. Drawing parallels to past instances, he pointed out the frenzy that followed Dogecoin’s (DOGE) and Shiba Inu’s (SHIB) meteoric rises.
Meanwhile, a similar trend is fast emerging, with Bonk (BONK), a meme-themed project on the Solana blockchain.
BONK Flipping Shiba Inu
In particular, Bonk (BONK) is raging through the crypto industry, recording astronomic growth percentages amid the broader market correction.
According to data from CoinMarketCap, BONK has grown over 703.97% from $0.000002978 to $0.00002473 in the last 30 days. While BONK investors recorded this explosive yield, Shiba Inu and DOGE saw a paltry 10% and 18.21%, respectively, within the same period.
Meanwhile, on a 90-day scale, BONK has surged 13,623.88% from $0.0000001792 to its current market value.
However, Shiba Inu barely saw a fraction of BONK’s trading volume. Amid these extraordinary performances observed for BONK, the Bitcoin OG boldly stated: “I think BONK will flip SHIB.”
Memes are leading adoption in this cycle and bringing normies into the crypto realm.
Previously we saw $DOGE, $SHIB & $PEPE do this too.
I think $BONK will flip $SHIB 👀
Why’s BONK Growing 13,623%?
This distinctive scenario unfolded following the information of a 30 million BONK token airdrop exclusively available to crypto enthusiasts who download the Bonk app through the Saga phone dApp store.
Besides, leading exchanges like Binance and Coinbase have listed BONK. The recent lists have further bolstered the digital asset’s prominence, with an investor recording a $784k profit. $SHIB