Benzinga - Solana’s (CRYPTO: SOL) meme token BONK (CRYPTO: BONK) has recorded a 75% increase in price within a 24-hour period. It is now standing out as one of the lead performers in the CoinMarketCap top 100 cryptocurrencies.
What Happened: BONK’s trading volume has skyrocketed by 140%, reaching $681 million, as per the latest figures obtained from CoinMarketCap.
The two biggest meme cryptocurrencies by market capitalization Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were up 4-6% in the last 24 hours.
The rise in BONK's price can be attributed to Coinbase, a cryptocurrency exchange platform adding Solana's meme coin to its roadmap.
Additionally, BONK has added its community with the debut of BONKBot, a program designed to facilitate the trading of crypto assets on Telegram.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: Joe Vezzani, CEO of social intelligence firm LunarCrush, acknowledged the stride of BONK, tweeting, “$BONK and $WOO at the top of the AltRank list. We’re baaaacckkk.”
$BONK and $WOO at the top of the AltRank list.We're baaaacckkk.@bonk_inu @WOOnetwork https://t.co/3RcVSWc0H3
— Joe Vezzani (@joevezz) December 15, 2023
The pseudonymous crypto analyst Kaleo pointed to an even brighter future for BONK, predicting a possible 20-fold increase in value.
20x for $BONK