Meme coin mania isn’t slowing down.

Solana’s dog-themed token BONK just hit a new all-time high overnight at $0.00000669. CoinGecko data shows that the cryptocurrency is now trading for just shy of that at $0.00000653—a 24-hour rise of 33%.

Even more impressive is its surge over the month: The asset has continued to boom and is now up about 762%.

The token was launched in December 2022, but experienced a renewed surge in interest—and price—last month. This is at least partly down to the piqued investor attention over Solana, the blockchain on which BONK runs.

Solana’s own native token, SOL, is now the sixth-largest digital asset by market cap. Renewed enthusiasm in the Solana ecosystem has resulted in SOL exploding in value multiple times over the past several weeks.

SOL remains well off its all-time high price

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Author: Mathew Di Salvo

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