Meme coin of the moment Bonk (BONK) and the blockchain it runs on continue to attract substantial investor interest. Right now, Solana-based BONK is the best-performing cryptocurrency and has soared 101% in the past 24 hours, according to CoinGecko.

The dog-themed token is trading hands for $0.00002913. In the past seven days, it has risen by over 130%.

And over the past month, the token has shot up in value by 988%. The meme coin—a volatile coin or token that is based on an Internet joke or meme—has continued to soar and is constantly setting new all-time highs. Earlier Friday, BONK spiked to a new all-time high price of $0.00003416 before dipping.

As BONK has surged in price, it has fueled surprising new demand for the Solana Saga smartphone, which launched in April but appeared to have middling demand. The phone dropped to a price of $599 in August—but sales just spiked this week as Solana fans realized that Saga owners could claim an airdrop of 30 million BONK, which was quickly rising to match the price of the phone itself.

Now, that much BONK is worth approximately $865, more than the price of the smartphone itself. Solana founder Raj Gokal said Thursday that sales had Go to Source to See Full Article
Author: Mathew Di Salvo

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