Long summary
BONK (BONK) has surged 10%, bringing its market cap to over $1.7 billion, making it the fifth-largest meme coin. It has shown significant growth since its launch in late 2022, and analysts expect further gains.
Punk on the move
Most of the leading meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and others, are reporting losses today (July 2), as the sector loses the momentum it gained the day before. However, not all assets are underperforming, with BONK (BONK) being one example.
Solana-based meme coin sees 10% price surge On a daily basis While its market cap has crossed the $1.7 billion mark. Thus, the cryptocurrency has overtaken Floki Inu (FLOKI) and Brett (BRETT) to become the fifth largest token in the group.
Many analysts have pointed to BONK’s recent progress, predicting higher gains. In the near future. A famous X user And expect That the assets can converted to “Completely different trade” if it reaches $0.000027-0.000028 area.
Another, using the X Jakey handle, Believes All participants in the Solana ecosystem should have some exposure to BONK:
“BONK arguably played a huge role in the re-growth of the SOLANA ecosystem, dark days with a sense of uncertainty for most people. They decided to do something that no one else would have thought of doing, an airdrop that helped many people get back on their feet and reminded us why we joined SOLANA in the first place.”
BONK’S PERFORMANCE OVER THE YEARS
The Solana-based meme coin emerged in late 2022, but it started making headlines about a year later. In December 2023, its price started to rise, while its market cap exceeded $1.5 billion.
Fast forward It is likely to have been refueled. by huge Investor interest, support from leading exchanges, and favorable market conditions. Remember that BinanceBybit, Coinbase, OKX, and many other trading services are allowed to use the asset.
2024 has been a more successful year for BONK, which surged to an all-time high at the end of May. However, its price has fallen by 20% in the past month (according to CoinGecko data).