Solana-Based Memecoin BONK Hits All-time High, Rallies 648%

Paigambar Mohan Raj
solana bonk
Source: The Coin Republic

Solana (SOL)-based memecoin BONK recently hit an all-time high after the popular crypto exchange Coinbase announced a listing earlier this week. BONK has surged 41.3% in the daily charts and 78.7% in the last week. Moreover, the memecoin has rallied by over 648% over the previous month.

Source: CoinGecko

Also Read: Solana (SOL) to Rally 600% and Hit $453: Predicts Analyst

The Solana-based memecoin reached an all-time high of $0.00001464 on Dec. 9, 2023. However, BONK has dipped 5.30% since. Nonetheless, the token seems to be gearing up for a new all-time high in the next few days.

On Tuesday, Coinbase announced that it would list BONK on its platform. However, the exchange did not specify when they would do so. After the announcement, the token witnessed a short rally, but prices dipped 11% a day later. Nonetheless, the exchange soon announced that it would begin trading for Solana’s BONK memecoin on Dec. 14, 2023, on or after 9 AM PT, if the asset meets liquidity conditions.

Will the Solana-based BONK token rival DOGE and Shiba Inu?

Source – Coin Culture

Dogecoin (DOGE) and Shiba Inu (SHIB) are the most popular memecoins and dog-themed cryptocurrencies. BONK is the latest dogcoin and memecoin to take the cryptocurrency space by storm. Moreover, the token’s parent chain, Solana (SOL), is among the best-performing cryptocurrencies in 2023. Since January, SOL has surged by over 600%, outshining the likes of Bitcoin (BTC) and Ethereum (ETH).

Also Read: Solana (SOL) Weekend Price: Can SOL Hit $100?

Given its recent surge in popularity and a listing on Coinbase, BONK could emerge as a new memecoin king. Pepe (PEPE) was the last big memecoin to make a splash in the crypto realm earlier this year, and BONK might be the one that takes the spotlight in 2024. With the market gearing up for a potential bull run in 2024, we might witness big things for the new dogcoin.