Posted 12/11/2023, 2:12:53 AM
Bonk Memecoin Flips Pepe as Price Surge Makes it 3rd Largest, Up 6,000% in 3 Months
- Solana memecoin Bonk (BONK) has surged 370% in the last month and flipped Pepe (PEPE) to become the 3rd largest memecoin
- Bonk now has a market cap of $762 million compared to Pepe's $675 million market cap
- Bonk's rapid growth outpaced bigger memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE) in the same timeframe
- Factors driving Bonk's growth include listings on large exchanges like Binance and increased futures trading activity
- Bonk saw huge early gains after launching in late 2022, declined most of 2023, but has surged over 6,000% in the last 3 months