During the past week, Solana-based memecoin Bonk has emerged as the standout performer among rivals. The digital asset saw a remarkable 150% increase in value, surpassing the gains of Dogecoin, Shiba Inu, Pepe, and Floki Inu, ultimately reaching an all-time high.

This price movement has pushed it to the third-largest dog-themed memecoin by market capitalization behind only Dogecoin and Shiba Inu.

Driving Factors Behind Bonk’s Surge

Bonk was launched last year and enjoyed high attention earlier in the year before interest waned. However, the memecoin has recently experienced renewed interest, pushing its price beyond previous heights.

The recent BONK’s value spike can be attributed to several key factors. Notably, its listing on major cryptocurrency exchanges like Binance and KuCoin has been a significant catalyst in the upward movement.

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Author: Oluwapelumi Adejumo

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