Bonk

Coin

<p>Bonk (BONK), the popular Solana-based meme coin, is making headlines in the cryptocurrency world with its impressive price performance following a notable announcement. On November 17, 2024, Bonk's Decentralized Autonomous Organization (DAO) announced that it would burn nearly 1 trillion tokens on December 25, 2024.</p>   
<h2 class="wp-block-heading" id="h-bonk-surpasses-wif-in-market-cap"><strong>BONK Surpasses WIF in Market Cap</strong></h2>   
<p>Following this strategic announcement, BONK has registered a massive gain of over 11% in the past 24 hours and outpaced Solana's biggest meme coin Dogwifhat (WIF) and became SOL’s leading meme coin. With a notable price surge, <a href="https://coinmarketcap.com/currencies/bonk1/" target="_blank" rel="noreferrer noopener nofollow">BONK’s</a> market cap has surpassed WIF’s, reaching $3.94 billion compared to WIF’s $3.60 billion.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/11/18060806/image-282.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/18060806/image-282-1024x179.png" alt="" class="wp-image-380963"></a>
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  Source: Coinmarketcap
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<h3 class="wp-block-heading" id="h-trading-volume-and-market-reaction"><strong>Trading Volume and Market Reaction</strong></h3>   
<p>Currently, <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/">BONK</a> is trading near $0.0000513 and recently reached an all-time high of $0.0000566. During the same period, its trading volume increased by 73%, indicating heightened participation from traders following the token burn announcement.</p>   
<p>Additionally, BONK has gained over 105% in the past few days, whereas WIF has recorded a gain of over 35% during the same period.</p>   
<p>According to CoinMarketCap, WIF appears to be struggling, having registered a gain of only 0.65% in the past 24 hours. Additionally, other meme coins also seem to be struggling during the same period.</p>   
<h2 class="wp-block-heading" id="h-rising-social-interest"><strong>Rising Social Interest</strong></h2>   
<p>In the cryptocurrency industry, a token burn announcement is often viewed as a positive sign, as it reduces the overall circulating supply, potentially triggering a rally in the token's price.</p>   
<p>However, the announcement has garnered significant attention from the crypto community. According to the on-chain analytics firm Santiment, BONK’s social dominance has risen to 1.61%, indicating strong interest and engagement from crypto enthusiasts within the market.</p>

BONK Overtakes WIF, Becomes Solana’s Leading Meme Coin

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