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 <p><a rel="noopener noreferrer nofollow" title="BONK" href="https://thebittimes.com/tag/bonk.html">BONK</a>, a memecoin based on the <a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a> (SOL) network, has seen a significant price rise since November. The memecoin’s price remained stagnant for most of 2023 but has skyrocketed over the last month.</p>
 <p><strong>Also Read: Here is How To Be a Millionaire When BONK Hits $0.01</strong></p>
 <p><a rel="noopener noreferrer nofollow" title="BONK" href="https://thebittimes.com/tag/bonk.html">BONK</a>’s recent rally follows a listing on Coinbase, one of the most significant crypto exchanges. Moreover, the <a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a>-based token’s trade volume has surpassed rivals such as Dogecoin (DOGE) and Shiba Inu (SHIB) on Coinbase, exceeding the $30 million mark.</p>
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 <h3 class="wp-block-heading" id="h-will-the-solana-based-memecoin-surge-further">Will the Solana-based memecoin surge further?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt class="wp-image-70845 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp.webp 300w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp.webp 768w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp.webp 380w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp.webp 550w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp.webp 800w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp.webp 1200w" data-srcset-img="https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 1024w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 300w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 768w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 380w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 550w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 800w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 1160w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 1200w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp" alt="" class="wp-image-70845" srcset="https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 1024w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 300w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 768w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 380w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 550w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 800w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 1160w, https://cdn.thebittimes.com/images/2023/12/29/01a5a006ad7c9e2cfe208f2d2b52f89d.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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  <figcaption class="wp-element-caption">
   Source: NFT Evening
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 <p>Since January, BONK’s price has surged by over 6700%, making it one of the best-performing cryptocurrencies in 2023. The token has outperformed the likes of Solana (SOL), which has surged nearly 1000%, and Bitcoin (BTC), which has risen by about 160% in the same time frame.</p>
 <p>However, despite the recent price spike, the <a rel="noopener noreferrer nofollow" title="Solana" href="https://thebittimes.com/tag/solana.html">Solana</a>-based token has faced a massive correction, falling by over 14% in the daily charts, over 40% in the weekly charts, and over 12% in the last 14 days. Nonetheless, the memecoin is still up 244.5% over the previous month.</p>
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 <figure class="wp-block-image size-large is-resized"><img decoding="async" width="1024" height="850" src="https://cdn.thebittimes.com/images/2023/12/29/aaa7978738aaa675817a0482af7a65e1.webp" alt class="wp-image-123024" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2023/12/29/aaa7978738aaa675817a0482af7a65e1.webp 1024w, https://cdn.thebittimes.com/images/2023/12/29/aaa7978738aaa675817a0482af7a65e1.webp 300w, https://cdn.thebittimes.com/images/2023/12/29/aaa7978738aaa675817a0482af7a65e1.webp 768w, https://cdn.thebittimes.com/images/2023/12/29/aaa7978738aaa675817a0482af7a65e1.webp 1536w, https://cdn.thebittimes.com/images/2023/12/29/aaa7978738aaa675817a0482af7a65e1.webp 380w, https://cdn.thebittimes.com/images/2023/12/29/aaa7978738aaa675817a0482af7a65e1.webp 550w, https://cdn.thebittimes.com/images/2023/12/29/aaa7978738aaa675817a0482af7a65e1.webp 800w, https://cdn.thebittimes.com/images/2023/12/29/aaa7978738aaa675817a0482af7a65e1.webp 1160w, https://cdn.thebittimes.com/images/2023/12/29/aaa7978738aaa675817a0482af7a65e1.webp 1628w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinGecko
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 </figure>
 <p><strong>Also Read: Solana-Based BONK Plunges 40%, Can Santa Fest Spark a Revival?</strong></p>
 <p>BONK might continue to falter, given that the token does not have a lot of utility. Moreover, Dogecoin (DOGE) and Shiba Inu (SHIB) dominate the memecoin space, whose performance in 2023 has also been lackluster.</p>
 <p>According to CoinCodex, the Solana-based memecoin’s price may consolidate around current levels. The platform anticipates BONK to reach $0.00001487 on Jan.1, 2024.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="344" src="https://cdn.thebittimes.com/images/2023/12/29/46698bccdffdfea94c06f6178c477ce4.webp" alt class="wp-image-123025" srcset="https://cdn.thebittimes.com/images/2023/12/29/46698bccdffdfea94c06f6178c477ce4.webp 1024w, https://cdn.thebittimes.com/images/2023/12/29/46698bccdffdfea94c06f6178c477ce4.webp 300w, https://cdn.thebittimes.com/images/2023/12/29/46698bccdffdfea94c06f6178c477ce4.webp 768w, https://cdn.thebittimes.com/images/2023/12/29/46698bccdffdfea94c06f6178c477ce4.webp 1536w, https://cdn.thebittimes.com/images/2023/12/29/46698bccdffdfea94c06f6178c477ce4.webp 380w, https://cdn.thebittimes.com/images/2023/12/29/46698bccdffdfea94c06f6178c477ce4.webp 550w, https://cdn.thebittimes.com/images/2023/12/29/46698bccdffdfea94c06f6178c477ce4.webp 800w, https://cdn.thebittimes.com/images/2023/12/29/46698bccdffdfea94c06f6178c477ce4.webp 1160w, https://cdn.thebittimes.com/images/2023/12/29/46698bccdffdfea94c06f6178c477ce4.webp 1738w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinCodex
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 </figure>
 <p>BONK’s recent correction seems to mimic Solana’s (SOL) trajectory. SOL recently hit a yearly high, but the asset’s price has since dropped. SOL is currently down by over 6% in the daily charts. BONK may see a rise in price if SOL picks up momentum. Moreover, the memecoin may rise again if we enter a bull run in 2024.</p>
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 <ul>
  <li>BONK</li>
  <li>Solana</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-based-bonk-overtakes-shiba-inu-dogecoin-volumes-tbt75056.html">https://thebittimes.com/solana-based-bonk-overtakes-shiba-inu-dogecoin-volumes-tbt75056.html</a></p>

Solana-Based BONK Overtakes Shiba Inu & Dogecoin Volumes

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