Solana

Sponge

Bonk

Shiba Inu

Coin

<div class="insidebitcoins">
 The Solana meme coin mania that erupted in December has plunged into reverse as the platform’s two top tokens by market cap, Bonk (BONK) and Dogwifhat (WIF), plummet. 
 The Bonk price, which skyrocketed more than 1,000% last month, is down 23% in the past week while Dogwifhat has plunged 53% over the same period. 
 The dog-themed Bonk had earned a place among tier-one trading platforms after gaining listings on exchanges including Binance, KuCoin, and Coinbase. It’s now down 74% from its ATH on December 15. 
 Bonk had surged past Pepe coin (PEPE) on Dec. 12 to become the third-largest meme coin by market cap behind Dogecoin (DOGE) And Shiba Inu (SHIB), when its market cap soared to $778 million. That has since plunged to $659 million, though Bonk remains the third-largest meme coin. 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 yep the coinbase effect? $BONK up already 4-10x on my buys pic.twitter.com/iuL5EoR1LW 
 — JayOw.sol (@jayowtrades) December 7, 2023
 </blockquote> 
 
 <figure id="attachment_470743" aria-describedby="caption-attachment-470743" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-470743 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201260%20550'%3E%3C/svg%3E" alt="BONK" width="1260" height="550" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/01/08/09411ba99efe5065ad90cddfab837295.webp 1260w, https://cdn.thebittimes.com/images/2024/01/08/09411ba99efe5065ad90cddfab837295.webp 300w, https://cdn.thebittimes.com/images/2024/01/08/09411ba99efe5065ad90cddfab837295.webp 1024w, https://cdn.thebittimes.com/images/2024/01/08/09411ba99efe5065ad90cddfab837295.webp 768w" data-lazy-sizes="(max-width: 1260px) 100vw, 1260px" data-lazy-src="https://cdn.thebittimes.com/images/2024/01/08/09411ba99efe5065ad90cddfab837295.webp">
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 <img decoding="async" class="wp-image-470743 size-full" src="https://cdn.thebittimes.com/images/2024/01/08/09411ba99efe5065ad90cddfab837295.webp" alt="BONK" width="1260" height="550" srcset="https://cdn.thebittimes.com/images/2024/01/08/09411ba99efe5065ad90cddfab837295.webp 1260w, https://cdn.thebittimes.com/images/2024/01/08/09411ba99efe5065ad90cddfab837295.webp 300w, https://cdn.thebittimes.com/images/2024/01/08/09411ba99efe5065ad90cddfab837295.webp 1024w, https://cdn.thebittimes.com/images/2024/01/08/09411ba99efe5065ad90cddfab837295.webp 768w" sizes="(max-width: 1260px) 100vw, 1260px">
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 <figcaption id="caption-attachment-470743" class="wp-caption-text">
 TradingView: BONK/USDT 1-day chart
 </figcaption>
 </figure> 
 The cute Dogwifhat meme coin surged so hard in December that it made one lucky trader a lot of money. He purchased $1,000 of the meme coin in late November and turned the gambit into $100,000. 
 The trader had purchased WIF shortly after its launch on Solana because he thought a dog wearing a hat was ”very funny.” It’s plunged 78% from its ATH recorded on December 19. Its market cap now stands at $79.5 million. 
 <h2 id="solana-meme-coins-not-without-hope">Solana Meme Coins Not Without Hope</h2> 
 Still, Solana-based meme coins aren’t entirely without hope. Myro (MYRO), named after Solana founder Raj Gokal’s dog, has surged 196% in the past week and is up 12% in the past day to trade at $0.07061 as of 8:16 a.m. EST. 
 Elsewhere in the cryptosphere, there are other meme coins that are outperforming.&nbsp; Sponge stood out over the weekend with an 84% surge in 24 hours, and it’s up 115% in the past week to trade at $0.0008873 at 8:16 a.m. EST. 
 <img decoding="async" class="wp-image-470792 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201255%20544'%3E%3C/svg%3E" alt="Sponge" width="1255" height="544" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/01/08/0db0bce6e9e0db754a7a7aec19607eef.webp 1255w, https://cdn.thebittimes.com/images/2024/01/08/0db0bce6e9e0db754a7a7aec19607eef.webp 300w, https://cdn.thebittimes.com/images/2024/01/08/0db0bce6e9e0db754a7a7aec19607eef.webp 1024w, https://cdn.thebittimes.com/images/2024/01/08/0db0bce6e9e0db754a7a7aec19607eef.webp 768w" data-lazy-sizes="(max-width: 1255px) 100vw, 1255px" data-lazy-src="https://cdn.thebittimes.com/images/2024/01/08/0db0bce6e9e0db754a7a7aec19607eef.webp">
 <noscript>
 <img decoding="async" class="wp-image-470792 size-full" src="https://cdn.thebittimes.com/images/2024/01/08/0db0bce6e9e0db754a7a7aec19607eef.webp" alt="Sponge" width="1255" height="544" srcset="https://cdn.thebittimes.com/images/2024/01/08/0db0bce6e9e0db754a7a7aec19607eef.webp 1255w, https://cdn.thebittimes.com/images/2024/01/08/0db0bce6e9e0db754a7a7aec19607eef.webp 300w, https://cdn.thebittimes.com/images/2024/01/08/0db0bce6e9e0db754a7a7aec19607eef.webp 1024w, https://cdn.thebittimes.com/images/2024/01/08/0db0bce6e9e0db754a7a7aec19607eef.webp 768w" sizes="(max-width: 1255px) 100vw, 1255px">
 </noscript> 
 TradingView: SPONGE/USDT 1-day chart&nbsp; 
 One thing attracting attention to the Sponge token is that Tron founder Justin Sun is a holder. Sun holds Sponge worth more than $90K, triggering speculation over whether he will buy and stake more of the token as it bridges from Sponge V1 to the new, upgraded Sponge V2 that’s in presale. 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 📣 We’re excited to announce that #Sponge is bridging from V1 to V2! 
 Stake your $SPONGE to earn #SpongeV2 tokens. 🧽💦 
 Buy and stake now for a special V2 token bonus! Don’t miss out 🔥#MemeCoin #Web3 #BullMarket pic.twitter.com/bYmkg1TNrU 
 — $SPONGE (@spongeoneth) December 18, 2023
 </blockquote> 
 
 Sponge has also earned a place on this ranking of the best meme coins to invest in with the potential for exponential growth. 
 <h3 id="also-read">Also Read:</h3> 
 <ul> 
 <li>SPONGE Price Skyrockets 84% In 24 Hours As V2 Bridging Hype Explodes. Is Sponge V2 The Next Pepe Coin?</li> 
 <li>Bonk Price Prediction: BONK Is Week’s Biggest Loser With 27% Plunge, But This Would-Be Meme Coin King Hurtles Past $6.1 Million</li> 
 <li>How To Buy Meme Kombat ($MK) – Newest Gamefi Project Presale In 2024</li> 
 <li>How To Buy Sponge Crypto Token – V1 And V2 Upgrade</li> 
 </ul> 
 Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/solana-meme-coin-mania-falls-flat-as-bonk-bonk-and-dogwifhat-wif-implode-tbt75910.html">https://thebittimes.com/solana-meme-coin-mania-falls-flat-as-bonk-bonk-and-dogwifhat-wif-implode-tbt75910.html</a>
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Solana Meme Coin Mania Falls Flat As Bonk (BONK) And Dogwifhat (WIF) Implode

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