A strong rise in BONK and FLOKI currencies amid the market decline.. Will the rise continue?

The digital currency market witnessed a remarkable rise in the meme currencies “BONK” (#BONK🔥🔥) and “Floki” (#FLOKI🔥), which are based on the Solana network, by more than 15%, despite the general decline witnessed by the 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 “Bunk” is a meme coin that emerged in 2023.