Shiba

Solana

Dogecoin

Shiba Inu

Coin

<p class="p2">Meme coins have become a prominent part of the crypto industry and hardly a market recovery goes by that there isn’t at least <a href="https://bitcoinist.com/meme-coins-shib-pepe-viral/">one meme coin outshining the crypto market gains</a>. This time around, it is a meme coin on the Solana network that is outperforming the space, leaving behind even the likes of heavy hitters such as Dogecoin, Shiba Inu, and PEPE.</p> 
<h2 class="p2" id="solana-based-bonk-meme-coin-rises-1-700">Solana-Based BONK Meme Coin Rises 1,700%</h2> 
<p class="p2">After initially putting on an incredible run earlier this year, the Solana-based <a href="https://bitcoinist.com/bonk-joins-the-rank-of-shib-and-doge/">BONK meme coin</a> had seemingly faded back into obscurity. The coin’s price eventually fell around 80% of its previous all-time high and traded low for the better part of the year.</p> 
<p class="p2">However, this bearish run would end in October as soon as the crypto market began to recover once again. The price would eventually go from $0.00000019 toward the end of October to $0.000000768 by the time the month of November began. It was already up 300% by then but the rally was only in its beginning stages.</p> 
<p class="p2">On Monday, November 20, the <a href="https://bitcoinist.com/meme-coins-that-have-seen-green/">BONK price</a> made a new all-time high of $0.00000539 according to data from CoinGecko. This represents an over 1,700% increase from its cycle lows, making it the top-performing meme coin in the last 30 days.</p> 
<p class="p2">Likewise, BONK has seen a tremendous jump in its trading volume. In mid-October, the meme coin was doing less than $2 million in daily trading volume. However, as of Tuesday, November 21, BONK’s trading volume is sitting above $100 million, up almost 11% in the last day alone. This signifies the renewed interest in the coin, suggesting that the rally was backed up by good fundamentals.</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/feDIfNiD/" alt="BONK price chart from Tradingview.com (Solana meme coin Dogecoin, Shiba Inu, PEPE)" width="2650" height="1696"></p> 
<h2 class="p2" id="dogecoin-and-shiba-inu-fall-behind">Dogecoin And Shiba Inu Fall Behind</h2> 
<p class="p2">As the price of the <a href="https://bitcoinist.com/pepe-meme-coin-bursts-through-the-scene/">BONK meme coin</a> has surged, other <a href="https://bitcoinist.com/meme-coins-shib-pepe-viral/">meme coins</a> have not performed as well. While they have seen some good headwinds, they have largely underperformed compared to <a href="https://bitcoinist.com/pepe-meme-coin-bursts-through-the-scene/">BONK</a>. To put this in perspective, the price of BONK is down 105.45 in the last week. At the same time, the price of Dogecoin is up only 2.5% in the same time period.</p> 
<p class="p2">Shiba Inu and PEPE are performing even worse in this timeframe. The former is currently seeing 2.7% losses on the weekly chart, while the latter is down 3.9% in the same time period. Another top meme coin, FLOKI, is down 6.8% as well.</p> 
<p class="p2">The BONK recovery can be attributed to the price of Solana which is up over 400% this year alone. SOL’s price reached as high as $62 before correcting back downward, and the interest in the token trickled down to other ecosystem cryptos.</p>

This Solana Meme Coin Is Outperforming Dogecoin, Shiba Inu, And PEPE Combined

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Bitcoinist

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