Solana-based meme cash Bonk (BONK) and Floki (FLOKI) have outshined a lot of the in style meme cash with over a 15% surge within the final 24 hours.
On the time of writing, BONK was up 17%, exchanging fingers at $0.000022. The crypto asset’s market cap is at the moment sitting at $1.53 billion, marking it the 56th largest cryptocurrency per knowledge from CoinMarketCap.
The token’s each day buying and selling quantity doubled over the previous day, reaching virtually $300 million. Nonetheless, BONK continues to be down 46% from its all-time excessive of $0.000041, which it attained on Might 29.
Bonk is a meme coin that rose to prominence in 2023, surging as a brand new increase in meme cash drove Solana larger.
Initially simply one other dog-themed meme coin, it has steadily expanded its utility to incorporate decentralized finance (DeFi) integration. The venture additionally works with cross-chain communications protocols, NFT marketplaces, and different crypto market ecosystems.
BONK buying and selling pairs are actually listed on in style exchanges, together with Binance, Coinbase, OKX, and Bitstamp.
In the meantime, Floki, one other canine-themed meme coin on the Solana blockchain, has additionally seen its price surge by 15% within the final 24 hours. The crypto asset, now buying and selling at $0.000172, has its market cap hovering near $1.64 billion with a each day buying and selling quantity of $301 million.
The surge in Floki adopted after a whale, dubbed “0x403,” staked 14 billion FLOKI tokens valued at round $2.36 million.
The whale’s resolution to stake such a big sum is interpreted as a robust vote of confidence in Floki Inu’s long-term potential. Staking primarily removes these tokens from circulation, leading to shortage. With fewer FLOKI tokens obtainable, provide and demand might drive up the price.
Among the many different main dog-themed meme coin gamers, dogwhifhat (WIF) and Dogecoin (DOGE) recorded positive factors of 15% and a pair of%, respectively, prior to now 24 hours. In the meantime, Shiba Inu (SHIB) was seen with a 0.22% drop in the identical timeframe.
In the meantime, the worldwide cryptocurrency market continues to be reeling from a 1.4% drop, bringing its market capitalization to $2.24 trillion.
The world’s main cryptocurrency by market cap, Bitcoin, is seen within the pink with a 3.36% drop within the final 24 hours, at the moment being traded at $60,670.