BONK Overtakes FLOKI as 3rd Largest Dog-Themed Coin


In a recent development, the meme coin BONK, based on the Solana blockchain, has surpassed FLOKI to claim the third spot among dog-themed cryptocurrencies in terms of market capitalization.

Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On

The dog-themed cryptocurrency token BONK, built on the Solana blockchain, has achieved a significant milestone by becoming one of the top three in its category based on market capitalization. This accomplishment comes as BONK surpasses FLOKI, an Ethereum-based token, with a slight margin of over $500 million in market capitalization.

BONK Emerges as Top Dog: Surges 876% in a Month

In a remarkable journey, the Solana-based dog-themed cryptocurrency token BONK has experienced a phenomenal 876% surge over the last month, marking an astonishing 1,700% increase from late October to late November. Recently achieving a 24% rise and hitting a new all-time high of $0.00000850, BONK’s momentum has been unprecedented.

BONK’s ascent to the third position in the dog-themed tokens market cap, surpassing competitor FLOKI, highlights its growing influence. However, it still faces a significant gap compared to the leading dog-themed coins – Dogecoin (DOGE) and Shiba Inu (SHIB), with market caps nearing $14 billion and just over $5.9 billion, respectively.

The success of BONK is closely tied to the resurgence of its parent network, Solana, which has seen a revival after a challenging period. With SOL’s value nearly tripling to $61 since the beginning of Sam Bankman-Fried’s trial last month, there is anticipation for a more substantial comeback across the entire cryptocurrency ecosystem.

The Bonk project’s development involves a collaborative effort by a team of 22 individuals, with no single leader, all actively contributing to the development of decentralized applications (Dapps), non-fungible tokens (NFTs), and similar items on the Solana network.

Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On

Bonk Inu Climbs to Third Spot in Dog-Themed Coins

With a market cap of around $472 million, Bonk Inu has secured the third spot among top dog-themed coins, trailing Shiba Inu (SHIB) and Dogecoin (DOGE). The coin’s noteworthy 24-hour trading volume, standing at $84 million, indicates significant investor interest.

While Bonk Inu’s trajectory and potential for further gains remain uncertain, there is speculation about its ability to surpass PEPE, which currently holds a market cap of $592 million. It’s important to acknowledge, however, that Bonk Inu still faces a substantial gap compared to the vast market caps of meme coin giants SHIB and DOGE.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Join Cryptos Headlines Community

Follow Cryptos Headlines on Google News



    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

Leave a Reply

Your email address will not be published. Required fields are marked *