• Following SOL’s direction, the prices of BONK and other meme coins increased.
  • The Solana founder brought up a discussion that could drive use cases.

The value of Bonk [BONK], a meme built on the Solana [SOL] blockchain, has increased by 29.87%, according to data from CoinMarketCap. At press time, BONK’s price was $0.0000043, indicating one of the highest climbs it had in the last 30 days.

Its 24-hour trading volume also increased by 100%, jumping to $104 million in the process.  

Source: CoinMarketCap

BONK’s tremendous increase is just one out of the many Solana-themed meme coins. AMBCrypto, evaluating data from Birdye.so, found out that cryptocurrencies like Myro [MYRO] have also had a similar performance.

Use cases for the likes of BONK?

Others including GUAC, Pepecoin [PEPE], and ROCK also followed BONK’s trend. One of the reasons the price of these memes was because of SOL.

For a token that has increased by 126% in the last 30 days, it was only expected that the market passed that confidence on to tokens developed using the blockchain.

Solana’s founder Anatoly Yakovenko also seemed to be watching the events unfold. Due to this, Yakovenko took time to engage publicly about the memes. What captured the founder’s attention was the comment of Chris Burniske, the former crypto lead at ARK Invest.

AMB-Crypto

AMB-Crypto

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