The Solana-based meme coin Honk is making strides in its competition against BONK as its price surges by a whopping 800% following its launch. Meanwhile, BONK’s price has experienced a decline.
Introduced on January 13, the Solana-based meme coin Honk entered the scene, sparking a rivalry with Bonk, another Solana meme coin. Honk’s project is straightforward: to surpass Bonk in both market capitalization and price. Inspired by the popular video game “Untitled Goose Game,” Honk aims to capitalize on the meme coin trend.
Can Honk Overtake Bonk?
Solana’s recent growth has been fueled in part by the popularity of meme coins like Bonk, Dogwifhat, and Myro. Among these, Honk stands out as it seeks to dethrone Solana’s top meme coin, Bonk, which currently boasts a market capitalization of $613 million.
Bonk has garnered a significant following, especially after a recent airdrop that led to a surge in interest and holders. The airdrop was so impactful that it caused the Solana Mobile Saga smartphone to sell out as people rushed to acquire the device for the chance to receive free BONK tokens.
On the other hand, Honk’s market cap is relatively modest at $11.44 million, with a maximum token supply of 1 billion. Despite its smaller size, Honk offers a unique tokenomics structure, featuring a 0% tax on transactions, which makes it appealing to investors.
According to Honk, its Instagram advertising campaign has been highly successful, propelling the meme crypto into the trending sections of both CoinMarketCap and Solana.
Honk Meme Cryptocurrency Gains Traction with Multiple Exchange Listings
HONK, the meme cryptocurrency, has become available for purchase on several crypto exchanges, including Raydium, Orca, Poloniex, Jupiter, and LBank. Following these listings, there has been a surge in buying activity as investors anticipate surprise airdrops in the coming months.
MEXC has recently joined the list of exchanges listing HONK, marking the third centralized exchange to do so. HONK will be available for trading in the HONK/USDT trading pair on MEXC, with trading set to commence on February 7 at 04:00 UTC.
According to Honk, more exchange listings are on the horizon as the community expands and demand for the meme coin continues to grow.
HONK Price Surges Over 800% Since Debut
Since its debut last month, the price of HONK has experienced a remarkable rally, surging over 800%. Although it has retraced some of its gains, the price is still trading above 400%, currently at $0.01236. HONK reached a high of $0.02472, a significant increase from its all-time low price of $0.002431.
Moreover, the trading volume for HONK has been increasing daily, indicating a growing interest among investors in the meme coin.
On the other hand, BONK, another Solana-based meme coin, has seen its price decline since the debut of HONK. The initial rally for BONK has now subsided as other Solana-based meme coins gain traction and dominate the market hype.
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.
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