A Memecoin called Bonk (BONK) on Solana is now the third biggest meme coin, beating Pepe (PEPE). Bonk's price jumped 370% in a month, making its market cap of $762 million, which is more than Pepe's $675 million.
In the last 30 days, Bonk went from a very small price to a slightly bigger one, catching the attention of people interested in Solana. Despite being new, Bonk is doing better than other meme coins like Shiba (SHIB) and Dogecoin (DOGE). It's getting popular because you can buy and sell it on big platforms like Binance and KuCoin.
People think Bonk's success comes from a few things. It got listed on big exchanges like Binance and KuCoin, making it easier for more people to buy and sell. Also, more people are trading Bonk in the futures market, where you can bet on its future price. This makes Bonk's price go up and down a lot, making it more exciting for traders.
Bonk's price went up really fast, even faster than other popular dog coins like Shiba (SHIB) and Dogecoin (DOGE). Shiba went up by 20%, and Dogecoin by 35%, but Bonk beat them with a 370% increase in the same time. Now, Bonk is the third-biggest meme coin, after Shiba and Dogecoin, which are much bigger with market values of $6 billion and $14.4 billion.
Bonk started on Dec. 29, 2022, and in the first week, its value went up a huge 3,766%, even though the overall market was not doing well. But starting from Jan. 05, Bonk's value went down and stayed low for almost a whole year.
Surprisingly, on Oct. 21, 2023, things changed for Bonk. It started getting better and its value went up a lot. Since then, Bonk has increased by a massive 6215%, making it the best-performing meme coin in the last 3 months. This means a lot of people are now interested in Bonk and its value is going up really fast.
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