FLOKI

Pepe

Bonk

NEXT GEN PEPE

<ul>
 <li>BONK has surged 15% in 24 hours, hitting a three-month high.</li>
 <li>BONK’s market cap hits $2.5 billion, overtaking FLOKI and claiming the fifth-largest spot among meme coins.</li>
</ul>
The cryptocurrency market has recently surged, driven by the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETFs. Among the top performers, Ethereum (ETH) has seen a 30% rise over the past month. However, other cryptocurrencies have also posted impressive gains, with some even surpassing Ethereum’s performance.
One standout is Bonk (BONK), a meme coin based on the Solana blockchain, which has soared by 14% in the last day and 40% over the past week. BONK is now trading at approximately $0.00003342, marking its highest value in nearly three months. Its market cap is nearing $2.50 billion, <a href="https://thenewscrypto.com/bonk-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">overtaking</a> Floki (FLOKI) as the fifth-largest meme coin. FLOKI currently holds a market cap of $2.20 billion.
<h3 class="wp-block-heading" id="h-can-bonk-sustain-its-recent-highs">Can BONK Sustain Its Recent Highs?</h3>
After Coinbase’s <a href="https://x.com/coinbasetraders/status/1793673721015935309" target="_blank" rel="noopener noreferrer nofollow">announcement</a> of perpetual futures listings for Bonk, FLOKI, and Shiba Inu, the price of BONK surged by over 18%, rising from $0.00003264 to $0.00003734.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="516" src="https://thenewscrypto.com/wp-content/uploads/2024/05/image-127-1024x516.png" alt="" class="wp-image-98989" srcset="https://thenewscrypto.com/wp-content/uploads/2024/05/image-127-1024x516.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-127-300x151.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-127-768x387.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/05/image-127.png 1299w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Bonk (BONK) Price Chart (Source: <a href="https://in.tradingview.com/symbols/BONKUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Further, analysts suggest that BONK’s rally may continue, with the cryptocurrency breaking out of a two-month consolidation phase. Further, they believe that BONK’s <a href="https://thenewscrypto.com/bonk-signals-strong-recovery-what-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">bullish momentum</a> could present buying opportunities if a correction occurs.&nbsp;
However, if BONK maintains a price above $0.00003312, crucial for further gains, it will show potential resistance levels at $0.00003421 and $0.00003576. If these levels are surpassed, BONK could target prices of $0.00003890 and possibly $0.00004021.
Conversely, if BONK fails to hold above $0.000033, it could drop to support levels at $0.00003106 and $0.00002983, potentially leading to a bearish trend toward $0.00002507.&nbsp;
Historical data shows that during its previous cycle, BONK’s price ranged between $0.00002431 and $0.00003738 before reaching its all-time high of $0.00004704.
Additionally, the meme coin Pepe (PEPE) has garnered <a href="https://thenewscrypto.com/pepe-coin-explodes-to-its-new-ath-is-it-the-next-big-memecoin/" target="_blank" rel="noopener noreferrer nofollow">significant attention</a>, setting a new all-time high on May 23, only to break that record again on May 24. PEPE is now valued at around $0.00001411, reflecting an 80% increase over the past month. Its market cap has surpassed $6 billion, positioning it as the third-largest meme coin and the 20th-largest cryptocurrency overall.

BONK Surpasses FLOKI with $2.5B Market Cap, What Lies Ahead?

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