Solana-based meme coin BONK solidified its meme status Thursday morning, landing at 69th on CoinGecko’s ranking of the most valuable cryptocurrencies as its market cap surged above $1 billion for the first time ever.

BONK is booming again, as it has over the past several weeks, popping 64% over the past 24 hours as of this writing to set another all-time high price. The price for the Solana token jumped as high as $0.00001755 late Thursday morning after BONK was listed on Coinbase, America’s largest crypto exchange.

Meme coins are famously volatile, however, and BONK is no different. It quickly dipped about 6%, but then continued climbing to nearly match its all-time high again with a current market cap of nearly $1.05 billion.

BONK has now marked a sizable 75% rise over the past seven days, with its gains extending to 791% over the past 30 days. Solana’s own SOL coin has seen a similarly rapid rise over the past couple months, but BONK is riding that sentiment to a much higher multiple.

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Author: Andrew Hayward

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