Breaking Records: BONK’s Market Cap Surpasses $1 Billion
Solana-based meme coin BONK achieved a remarkable feat on Thursday morning, securing the 69th spot on CoinGecko’s prestigious list of the most valuable cryptocurrencies. With its market capitalization surpassing $1 billion for the first time ever, BONK firmly solidified its meme status.
The Boom Continues: BONK Sets New All-Time High on Coinbase Listing
BONK’s impressive growth continues unabated, experiencing a surge of 64% within the last 24 hours, which propelled its price to yet another all-time high. As of this writing, the Solana token reached a peak of $0.00001755 late on Thursday morning shortly after securing a listing on Coinbase, the largest cryptocurrency exchange in America.
However, meme coins are notorious for their volatility, and BONK is no exception. It momentarily dipped by approximately 6% before resuming its ascent, nearly matching its previous all-time high. Presently, BONK boasts a substantial market capitalization of around $1.05 billion.
Impressive Growth Trajectory: BONK’s Remarkable Performance
Over the past seven days, BONK has demonstrated an impressive 75% rise, and its gains over the past 30 days have amounted to a staggering 791%. While Solana’s SOL coin has also experienced significant growth in recent months, BONK has outpaced it, achieving a substantially higher multiple.
Among the top 100 cryptocurrencies, BONK has emerged as the most significant gainer of the day, leaving the Ethereum-based WOO token (up 33%) and the Bitcoin-based ORDI (up almost 32%) in its wake.
On this day, SOL itself displays a notable increase of nearly 9%, with a current price surpassing $73. However, the enthusiasm surrounding fellow dog-inspired meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), is slightly subdued, each recording gains of approximately 5% within the past 24 hours.
Joining the Billion-Dollar Club: BONK’s Next Milestone
With its market capitalization now surpassing $1 billion, BONK proudly joins the ranks of the larger meme coins, Dogecoin and Shiba Inu. Nevertheless, when compared to these higher-ranking leaders, BONK still has a considerable distance to cover. Currently, DOGE holds the 11th position, boasting a market capitalization of approximately $13.9 billion, while SHIB trails behind in 18th place with around $5.9 billion.