Dog-Themed Meme Token Bonk Surges Over 300% in a Month Amid Improving Market Sentiment
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Bonk, a dog-themed meme token on Solana, has surged over 300% in the past 30 days and over 1,000% since September.
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The recent listing of Bonk on major exchanges like Coinbase and Crypto.com boosted its trading volume and price.
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The rebound in investor sentiment toward Solana blockchain has also lifted Bonk.
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The improving macro environment and optimism about future Fed rate cuts have aided speculative crypto assets.
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However, trading of meme coins is highly speculative and lightly regulated. Many cryptos lost over 90% in 2022 crash.