The most popular memecoin within the Solana ecosystem, Bonk, has increased its value by 370% in the last month, pushing its market capitalization to $714 million and leaving Pepe behind.
Bonk’s price rose from $0.0000028 to $0.000012 in 30 days, outpacing the gains of other popular memecoins such as Shiba Inu and Dogecoin.
The rapid rise of Bonk has been significantly influenced by its listing on centralized exchanges such as Binance and KuCoin, as well as the interest from investors in the futures market.
Since its launch on December 29, 2022, Bonk experienced an impressive growth of 3766% in its first week, becoming the highest-performing memecoin of the past three months.
Bonk reached an all-time high of $0.00001468 and managed to climb to the 82nd position in the crypto market by market capitalization, surpassing Floki.