BONK Prints New ATH, Market Cap Overtakes WIF
On Sunday (17/11) evening, the price of Bonk reached its peak at US$0.000056, before experiencing price fluctuations again. Until now, Bonk is trading at around US$0.000051, with a daily decrease of -5.9% in the last 24 hours. On a weekly basis, this asset has recorded a price appreciation of up to 95%.
$BONK also recorded a significant increase in its daily trading volume, increasing by 30% to reach US$2.38 billion. This increase pushed Bonk's market capitalization to US$3.90 billion , shifting DogWifHat's ($WIF ) position and making it the fourth largest memecoin, just below Pepe ($PEPE ).
One of the main triggers for Bonk's current price increase is the token burning planned by the Bonk Decentralized Autonomous Organization (DAO).
In an announcement on November 15, DAO Bonk stated that it would buy and burn up to 1 trillion Bonk tokens on Christmas Day which falls on December 25.
