Solana Memecoin BONK Flips WIF in Market Cap While BTC Faces Selling Pressure
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Solana Memecoin BONK Flips WIF in Market Cap While BTC Faces Selling Pressure

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Created 1w ago, last updated 1w ago

Bitcoin (BTC) is under significant selling pressure, largely due to actions from the German government and the impending refunds from the Mt. Gox exchange.

Solana Memecoin BONK Flips WIF in Market Cap While BTC Faces Selling Pressure
Bitcoin (BTC) is under significant selling pressure, largely due to actions from the German government and the impending refunds from the Mt. Gox exchange. Meanwhile, memecoins are experiencing a surge after weeks of selling off. Among the memecoins, BONK has seen the most impressive gains, jumping 12% in the past 24 hours, making it the largest Solana-based meme coin by market capitalization. This rise allowed BONK to surpass Dogwifhat (WIF), which fell by 3%.
Other meme coins have also enjoyed a rally. The Base chain's Brett (BRETT) increased by 6%, while Ethereum-based Mog Coin (MOG) climbed 8.7%. Despite these daily gains, these tokens remain down over the week, in line with the broader memecoin market.
Memecoins have faced declines over the past week, with some suffering a greater drawdown. Solana coin Michi (MICHI), launched by Pump.fun, plummeted by 48%, Ethereum’s Pepe (PEPE) is down 17%, and Popcat (POPCAT) has slipped by 17%.
Meanwhile, Gigachad (GIGA) has skyrocketed by 400% over the past month. This dramatic rise follows American bodybuilder Mike ‘Titan’ O’Hearn joining the GIGA community and promoting it on social media. This collaboration has made GIGA one of the few meme coins to post gains over the week. Another standout is Billy (BILLY), which has climbed 147% in the past month. BILLY is currently the largest token created by Pump.fun, boasting a market cap of $157 million.
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