Posted 12/19/2023, 4:36:18 PM
Solana Meme Coin BONK Surges 1,000% then Crashes 44%, Highlighting Volatility of Crypto Markets
- BONK, a Solana meme coin, hit an all-time high price last week but has since plunged 44%
- BONK skyrocketed nearly 1,000% in recent weeks, bringing attention to the Solana ecosystem
- The coin is still up 502% over the past 30 days despite the steep price drop
- BONK has a current market cap of $1.17 billion, making it the 60th largest cryptocurrency
- The wider crypto market is recovering, with Solana up 5% today after crashing following the FTX collapse last year