The digital currency market witnessed a remarkable rise in the meme currencies “Bonk” (#BONK🔥🔥 ) and “Fluki” (#FLOKI🔥 ), which are based on the Solana network, by more than 15%, despite the general decline it is witnessing. market.
The price of the “Bonk” currency exceeded $0.000022, recording a 17% increase, with a market value of $1.53 billion, making it ranked 56th among the largest digital currencies. Bonk witnessed a noticeable increase in daily trading volume. It reached approximately $300 million.
On the other hand, the “Floki” coin rose by 15% to reach $0.000172, with a market value of approximately $1.64 billion, and a daily trading volume of $301 million. Click here for advertising services or press releases for the crypto project
This increase is due to a major trader, with the symbol “0x403”, pledging 14 billion “Floki” coins worth $2.36 million, which strengthened confidence in the currency’s long-term potential.
This strong performance of the “Bonk” and “Floki” currencies comes at a time when the global digital currency market is witnessing a decline of 1.4%, bringing its market value to $2.24 trillion, with Bitcoin, the leading currency in the market, declining by 3.36% to trade at the level of 60,670. dollar.
It should be noted that “Bonk” is a meme coin that emerged in 2023. Its popularity rose with a new boom in meme coins. Resulting in Solana's rise.
Although it started out as another dog-themed meme, it gradually expanded its utility to include integration with decentralized finance (DeFi).
The project also works with cross-chain communications protocols, NFT marketplaces, and other cryptocurrency market ecosystems. Bonk trading pairs are now available on cryptocurrency exchanges, including Binance, Coinbase, OKX, and Bitstamp.
Despite the strong performance of some meme currencies, the market in general still suffers from fluctuations and declines. Which prompts investors to be cautious and search for new investment opportunities in this changing market.
