BONK Up 95% Over The Past Week: ‘Deflationary Dog Money’ Could Rival Shiba Inu’s 2021 Rally, Says Veteran Trader
Posted On November 18, 2024
Dog-themed meme coin Bonk (CRYPTO: BONK) is continuing its rally, which is starting to draw comparisons to the iconic 2021 meme coin rallies of its canine-themed rivals.
What Happened: Bonk surged 90% in the past week, surpassing Dogwifhat (CRYPTO: WIF) to become the top meme coin on Solana (CRYPTO: SOL) by market valuation.
BONK also leads trading volume among Solana memes, recording $2 billion in activity.
Trading application BONKBot reported burning 1.5 billion BONK in the last 24 hours, bringing total burns to 502.9 billion tokens worth approximately $19 million.
Trader Kadense highlighted that 7.7 trillion BONK tokens have been …
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