Shiba

Solana

Dogecoin

Bonk

Shiba Inu

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The Solana-based meme coin, Bonk (BONK), has <a href="https://www.coingecko.com/en/categories/meme-token" rel="noopener noreferrer nofollow">overtaken</a> Ethereum's Shiba Inu (SHIB) in 24-hour trading volume. BONK might be gearing up for a comeback after plunging from its December peak.&nbsp;
<h2 id="a-closer-look-at-the-numbers">A closer look at the numbers</h2>
As of the latest data, Bonk (BONK) is currently ranked 95th by market capitalization and has experienced a substantial increase in its 24-hour trading volume, reaching over $104 million.&nbsp;
Despite this, it's important to note that Bonk is still down by more than 60% from its all-time high of $0.00003416 reached about <a href="https://www.coingecko.com/en/coins/bonk" rel="noopener noreferrer nofollow">a month ago</a>.&nbsp;
Meanwhile, Dogecoin (DOGE) holds the 11th spot with a slight price increase and a stable market cap of over $11 billion.&nbsp;
Shiba Inu (SHIB), now overshadowed by Bonk in daily trading volume, sits at the 19th rank, with a market cap of approximately $5 billion.&nbsp;
On the downside, Dogwifhat (WIF) and Pepe (PEPE) have seen their values decrease by 4.5% and 2.7% respectively over the past week, with Dogwifhat experiencing a significant drop in market capitalization and trading volume.
<h2 id="the-rise-and-fall-of-bonk">The rise and fall of Bonk</h2>
After an enormous rally, <a href="https://u.today/solanas-bonk-bonk-13000-spike-heres-what-to-pay-attention-to-analyst" rel="noopener noreferrer nofollow">Bonk</a> faced a steep price drop, shedding much of its gains since its peak in December.&nbsp;
The token's initial surge was attributed to a frenzy in the Solana ecosystem, which saw the price of Bonk tokens increase by over 1,000%.&nbsp;
This impressive run led to listings on major exchanges such as Binance and Coinbase. However, the euphoria was short-lived, as the price plunged by over 70% from its December high.
Despite the recent downturns, the Solana network continues to generate buzz with new entrants in the meme coin space. Dogwifhat (WIF), another Solana-based meme coin, has not only rebounded but also surpassed its Ethereum-based rival FLOKI in market capitalization.&nbsp;

Sonala's Bonk Surpasses Shiba Inu in Trading Volume

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