A cryptocurrency operating on the Solana ecosystem. Bonk Inuhas gained significant traction in the broader crypto market today following a significant decline in its price trajectory.
meme coin, It has increased tremendously in the last few days. In this context, it has garnered bullish sentiments among market traders and investors globally. However, the current decline in the token price has fueled speculations surrounding Bonk’s price horizon among market enthusiasts.
Moreover, the price drop recorded by Bonk comes amid a series of developments witnessed by the token community. Bonk continued to strengthen its position in the market with the news of its latest listing.
Moreover, apart from its listing on Coinbase, the token was further upgraded by Binance, another prominent crypto exchange. Binance, which has established support for the token, announced zero-fee trading for BONK on its platform. Following the announcement, the token was integrated into Binance Covert, a trading tool for users on the platform.
Meanwhile, the token has positioned itself among the best meme coins as it progresses further in the market.
Moreover, crypto- Solana, the main token of the money, also attracted significant attention in the markets. Today it surpassed Ethereum in 24-hour DEX volume.
Bonk Surpasses DOGE & SHIB’s Trading Volume
At the time of writing this news, the Bonk price has fallen significantly by 16.76%. Additionally, it is currently trading at $0.00002473. However, the token’s weekly trajectory showed a 73% increase, accompanied by a monthly increase of approximately 750%.
Notably, the market cap of meme coin dropped by 27.78% to $1.2 billion. Despite the decline in trading volume, the top two memecoins have gained significant traction, surpassing Dogecoin and Shiba Inu over the past 24 hours. Simultaneously, DOGE price has increased by 17% in the last 30 days, while SHIB price has increased by approximately 12% in the same time period.
Koinfinans.com Additionally, as we reported, Solana price also recorded a decrease of 5.38%. It currently stands at $74.59. The token’s market performance has contrasted with Bonk’s price in recent days, with its weekly trajectory showing a 3% decline.