Bonk Token Soars 1000% to $500M Market Cap, Becomes 3rd Largest Dog-Themed Cryptocurrency
• Bonk token has surged over 1000% in the past month amid renewed interest in Solana ecosystem and meme coins
• Bonk now 3rd largest dog-themed token with $500M market cap, behind only DOGE and SHIB
• Quick adoption after launch in Solana ecosystem and integrations with NFT projects
• Trading volume increased 10x since early November to over $80M daily
• Open interest on Bonk futures contracts climbed 10x to $100M showing highly leveraged bets