- BONK, a Solana-based meme coin, reached a market cap of over $1 billion and became the 69th largest cryptocurrency after being listed on Coinbase.
- BONK has seen massive gains recently, with its price jumping 64% in the last 24 hours and 791% in the last 30 days.
- BONK now joins Dogecoin and Shiba Inu as meme coins with market caps over $1 billion, although it still trails behind them in market cap ranking.
Solana-based meme coin BONK solidified its meme status Thursday morning, landing at 69th on CoinGecko’s ranking of the most valuable cryptocurrencies as its market cap surged above $1 billion for the first time ever. BONK is booming again as it has over the past several weeks, popping 64% over the past 24 hours as of this writing to set another all-time high price.
BONK’s Recent Price Surge
The price for the Solana token jumped as high as $0.000001755 late Thursday morning after BONK was listed on Coinbase, America’s largest crypto exchange. Meme coins are famously volatile, however, and BONK is no different. It quickly dipped about 6% but then continued climbing to nearly match its all-time high again with a current market cap of nearly $1.05 billion.
BONK’s Gains Over the Past Week
BONK has now marked a sizable 75% rise over the past seven days, with its gains extending to 791% over the past 30 days. Solana’s own SOL coin has seen a similarly rapid rise over the past couple months, but BONK is riding that sentiment to a much higher multiple.
Performance of Other Meme Coins
SOL itself is up nearly 9% on the day to a current price above $73, while fellow dog-inspired meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) aren’t quite as buzzy today, each posting gains around 5% over the past 24 hours.
BONK’s Rank Among Other Meme Coins
BONK now joins those two larger meme coins with a market cap above $1 billion, although the Solana coin still has substantial ground to make up if it wants to match those higher-ranking leaders. DOGE is ranked 11th with a market cap of about $13.9 billion, with SHIB trailing behind at 18th with a market cap of about $5.9 billion.
Conclusion
BONK’s meteoric rise over the past month has cemented its status as one of the top meme coins. While volatile price swings are common with these types of tokens, BONK’s listing on Coinbase and landing at the meme-worthy #69 spot mark major milestones for the fledgling Solana-based project. It will be interesting to see if BONK can continue its epic run and make up ground on DOGE and SHIB in the months ahead.
