Pepe

Memecoin

Bonk

Shiba Inu

<a href="https://bitcoinworld.co.in/bonk-bonk-surges-to-become-third-largest-memecoin/" title="Bonk (BONK) Surged To Become Third-Largest Memecoin Before Falling" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">Solana’s Bonk (BONK) rose to become the third-largest memecoin, overtaking Pepe with a 370% price surge in a month.</li> 
 <li style="font-weight: 400">Bonk’s success is attributed to listings on major exchanges and a surge in derivatives trading.</li> 
 <li style="font-weight: 400">Despite a rocky start, Bonk has risen by a remarkable 6,215% in the last three months, making it a standout performer in the memecoin market.</li> 
 <li>However, the memecoin has fallen back to its initial point.</li> 
</ul> 
The Solana-based dog-themed memecoin, Bonk (BONK), has climbed the ranks to become the third-largest memecoin by market capitalization.&nbsp; 
This unexpected surge occurred on December 8th, as Bonk’s recent price growth soared by an impressive 370% in just the last month.&nbsp; 
<a href="https://www.coingecko.com/en/coins/bonk">Data</a> from CoinGecko reveals that Bonk boasts a market capitalization of $762 million, surpassing its fellow memecoin competitor, Pepe, which currently stands at $675 million. 
Over the past 30 days, Bonk has experienced remarkable growth, going from a mere $0.0000028 to $0.000012. This exponential surge in value has attracted traders eager to capitalize on the newfound interest within the Solana ecosystem.&nbsp; 
Notably, Bonk’s rapid price uptick has outpaced more established dog-themed memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE), which managed respective gains of 20% and 35% during the same timeframe. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/crypto-market-shaken-as-bitcoin-starts-the-week-with-a-decline/" aria-label="“Crypto Market Shaken As Bitcoin Starts The Week With A Decline” (Edit)">Crypto Market Shaken As Bitcoin Starts The Week With A Decline</a> 
<h3 id="span-style-font-weight-400-bonk-s-current-position-and-rationale-for-its-growth-span">Bonk’s Current Position And Rationale For Its Growth</h3> 
Earlier today, Bonk stands as the third-largest memecoin in the market, trailing behind DOGE and SHIB, which command substantial market caps of $6 billion and $14.4 billion, respectively.&nbsp; 
Several factors contributed to Bonk’s recent gains, including its listing on prominent centralized exchanges like Binance and KuCoin.&nbsp; 
Moreover, futures data indicates a substantial increase in open interest over the past month, suggesting that traders are actively buying and selling high volumes of Bonk derivatives, further amplifying the token’s price volatility. 
Bonk made its debut on December 29, 2022, and quickly garnered attention by witnessing an astonishing 3,766% increase in value within its first week of trading, despite the challenging price conditions of the bear market.&nbsp; 
However, from about 1:00pm GMT, Bonk experienced a decline, with its price falling to $0.0000112. Since then the price has been fluctuating and currently stood at $0.00001152. 
<figure id="attachment_57388" aria-describedby="caption-attachment-57388" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-57388" src="https://bitcoinworld.co.in/wp-content/uploads/BONK-Price-Chart-1-483x300.png" alt="" width="592" height="368" srcset="https://bitcoinworld.co.in/wp-content/uploads/BONK-Price-Chart-1-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/BONK-Price-Chart-1.png 760w" sizes="(max-width: 592px) 100vw, 592px">
 <figcaption id="caption-attachment-57388" class="wp-caption-text">
 BONK Price Chart | Source: <a href="https://coinstats.app/coins/bonk/">Coinstats</a>
 </figcaption>
</figure> 
&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/amd-launches-instinct-mi300-series-to-compete-in-the-ai-accelerator-market/" aria-label="“AMD Launches Instinct MI300 Series To Compete In The AI Accelerator Market” (Edit)">AMD Launches Instinct MI300 Series To Compete In The AI Accelerator Market</a> 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
The post <a href="https://bitcoinworld.co.in/bonk-bonk-surges-to-become-third-largest-memecoin/">Bonk (BONK) Surged To Become Third-Largest Memecoin Before Falling</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Bonk (BONK) Surged To Become Third-Largest Memecoin Before Falling

Table of Contents

ItsBitcoinWorld

Other articles published on Dec 11, 2023

Bitcoin Miner CleanSpark Shifts to Neutral in JPMorgan’s Ratings

Grok X, with A Playful Revolution in Cryptocurrency

Sonorus' $SNS Token to Be Listed on Kucoin

3 Signs Shiba Inu (SHIB) Will Have Exceptional Week

Top Trader Says Solana Grinding for a Pop, Predicts Breakout Rally for Chainlink After Month-Long...

Crypto Investor’s Guide: Factors and Forecasts Affecting Bitcoin Prices

Join our free newsletter for daily crypto updates!