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BONK, Solana’s Meme Coin, Rockets into Top 55 Crypto Rankings with $1.4 Billion Market Cap

BONK, the meme coin riding the Solana wave, has cemented its meme-status glory by breaking into the top 55 cryptocurrency rankings. For the first time, its market capitalization has surpassed the $1.4 billion mark, propelling it to newfound heights within the crypto realm.

The latest surge witnessed BONK’s value skyrocketing by over 70% in a 24-hour period, setting an all-time high. At the time of reporting, its price peaked at $0.000026 USD, merely three hours after being listed on Coinbase, the largest cryptocurrency exchange in the United States.

Source: Coingecko

However, the wild ride of meme coins is notorious for its volatility, and BONK is no exception. It experienced a rapid 6% dip before swiftly regaining momentum, nearing its all-time high once more. Currently, its market capitalization hovers around $1.4 billion USD.

BONK has marked an astonishing 126% surge over the past week, extending its 30-day surge to a staggering 854%.

Remarkably, among the top 100 cryptocurrencies, BONK stands out as the highest gainer in the last 24 hours, outshining Ethereum-based WOO (up 33%) and Bitcoin-based ORDI (up nearly 32%).

Meanwhile, Solana (SOL) itself has enjoyed a near 7% surge, reaching a current price of $74 USD. In contrast, today’s enthusiasm for meme coins inspired by other canine-themed tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) has remained relatively subdued, with each coin experiencing a mere 1% increase in the last 24 hours.

The unprecedented rise of BONK underscores the unpredictable nature of meme coins within the cryptocurrency landscape. While it maintains an upward trajectory, investors and enthusiasts brace themselves for the rollercoaster ride, anticipating further fluctuations in this volatile market.

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