Bonk (BONK) has become Solana's top meme coin by market cap, surpassing Dogwifhat (WIF) as Solana's price approaches an all-time high. Bonk's value surged by almost 7% to $0.00005269, reaching over $3.9 billion, while Dogwifhat fell 5% to $3.29, decreasing its market cap to under $3.3 billion. Bonk hit a new all-time high of $0.000057, reclaiming its status as the primary meme coin on Solana. The community-led projects around Bonk, such as BONKbot and BONKSwap, have contributed to its popularity. Recently, Bonk's DAO launched BURNmas, aiming to burn up to 1 trillion Bonk tokens to increase scarcity and potentially raise the price. With Coinbase listing Dogwifhat, its price surged to $4.29, but has yet to surpass its all-time high. Solana's price rise post-Election Day, fueled by optimism for a crypto-friendly administration, has positioned it as a strong competitor to Ethereum. Read more AI-generated news on: https://app.chaingpt.org/news

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