The Solana ecosystem is buzzing again, thanks in part to a recent surge in the price of SOL, which is up by 90% over the last 30 days alone. But now the network’s top meme coin, BONK, is outpacing even those already dramatic gains.

The price of BONK has surged 110% over the last week, according to data from CoinGecko, landing at a current price of $0.00000383 as of this writing. Earlier Monday, BONK hit a new all-time high price of $0.00000539.

It’s clear at a glance that the price has tumbled since the morning peak, and indeed, the drop marks a 29% decline in the span of just 11 hours since hitting that mark. Even so, BONK is up 1,700% over the past month.

BONK launched in December when the Solana ecosystem was at a low point following the collapse of crypto exchange FTX, which had been closely associated with Solana. The token was designed as a Solana-based take on dog-themed meme coins like Dogecoin (DOGE) and the Go to Source to See Full Article
Author: Andrew Hayward

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