Bonk Token Overtakes Pepecoin to Become Latest Riot on Memecoin Block: Everything to Know

Bonk Token Overtakes Pepecoin to Become Latest Riot on Memecoin Block: Everything to Know

The general crypto market cap rose by 110 p.c year-to-date owing to a bunch of market-reviving milestones that garnered tempo across the finish of October this yr. Throughout this time, which bulked up the crypto market cap to face at $1.6 trillion, traders weren’t fairly shy about participating with some new crypto tokens on the block, one in every of them being Bonk. A dog-themed memecoin, Bonk relies on the eco-friendly Solana blockchain and was first launched out there in December 2022.

In the previous couple of days, Bonk surpassed current memecoin star Pepecoin, by way of its market cap. Within the earlier 30 days, the value of the Bonk token rose from $0.0000028 (roughly Rs. 0.00023) to $0.000012 (roughly Rs. 0.0010).

Having recorded a month-to-month market cap surge of 370 p.c, the valuation of the Bonk token touched the mark of $762 million (roughly Rs. 6,353 crores) earlier than receding amid market volatility. Within the current previous days, Bonk’s market cap formally exceeded Pepecoin’s valuation of $675 million (roughly Rs. 5,628 crore), a CoinTelegraph report mentioned citing knowledge by CoinGecko.

The Bonk token now stands because the third largest meme coin on the block, carefully following the highest two meme cash DOGE and SHIB the market capitalisations of which hover over the marks of $14.4 billion (roughly Rs. 1,20,070 crore) and $6 billion (roughly Rs. 50,029 crore) respectively.

Modelled after the Shiba Inu canine breed, the Bonk token was additionally just lately listed on worldwide crypto exchanges like Binance and KuCoin, that makes for an important issue driving Bonk’s total development.

First launched on December 29 final yr, BONK had managed to clock a 3,766 p.c uptick throughout the first week of buying and selling.

Between January and mid-October this yr, the token did not see any notable motion. With a development within the sale of Solana-based NFTs, nonetheless, Bonk token additionally started exhibiting indicators of development round October 21, the CoinTelegraph report famous.

Together with Bonk, Ordi is one other meme coin that has managed to garner main attraction from the investor neighborhood these current weeks. The primary BRC-20 crypto token on the Bitcoin blockchain, the Ordi token, just lately reached its all-time excessive of $65.06 (roughly Rs. 5,422). Within the final seven days, the token noticed its worth surge by 148 p.c. Within the final 30 days, the ORDI token has risen by a whopping 500 p.c, piggybacking on Bitcoin’s bull run.


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