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Solana memecoin Bonk flips Pepe following 370% monthly gain

Solana memecoin Bonk flips Pepe following 370% monthly gain

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Source: Coin Telegraph

The dog-themed token has surged to become the third-largest memecoin overall.

A Solana-based dog-themed memecoin called Bonk (BONK) has now become the third-largest memecoin by market capitalization, surging past that of fellow memecoin Pepe (PEPE) on Dec. 8.

Bonk’s recent price growth — 370% in the last month — has seen its market cap grow to $762 million, compared to Pepe’s current $675 million market cap, per CoinGecko data.

In the past 30 days, BONK has grown from $0.0000028 to $0.000012 as traders rushed to capitalize on a new wave of interest in the Solana ecosystem.

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Author: Tom Mitchelhill