This Meme Coin Soars 10% Today, Outperforms FLOKI and BRETT: Details

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This Meme Coin Soars 10% Today, Outperforms FLOKI and BRETT: Details


TL;DR

• bonk Inu (BONK) price has increased by 10% to reach a market cap of over $1.7 billion, becoming the fifth largest meme coin.
• It has shown significant growth since its launch in late 2022, with analysts predicting further gains.

BONK on the move


The sector has lost the momentum it gained the previous day, with most of the leading meme coins like dogecoin (DOGE), Shiba Inu (SHIB), pepe (PEPE) and others trading in the red today (July 2). However, not all assets are underperforming; Bonk Inu (BONK) is one example of this.

solana-based meme coin price increases by 10% on a daily scale Its market cap has exceeded $1.7 billion, making it the fifth-largest token in the group, beating Floki Inu (FLOKI) and Brett (BRETT).

BONK Price, Source: CoinGecko

Many analysts have noted BONK’s recent progress, predicting even higher earnings in the near future. A popular X user guess being can do turn into “It’s a completely different trade” if it reaches the $0.000027-$0.000028 zone.

Another one is using Jakey’s X handle, He thinks All crypto participants in the Solana ecosystem should have some exposure to BONK:

“BONK has played an undeniable role in the regrowth of the SOLANA ecosystem; dark days of uncertainty for many. They decide to do something 0 people would have thought of doing; an airdrop that helps many get back on their feet and reminds us why we came to SOLANA in the first place.”

BONK’s Performance Over the Years


The Solana-based meme coin emerged in late 2022 but started making headlines about a year later. In December 2023, its market cap rose to a staggering $1.5 billion as its price headed north.

Rapid progress probably fueled with big investor interest, support from leading exchanges and favorable market conditions. Remember BinanceAllowed trading services with assets like Bybit, Coinbase, OKX and more.

The year 2024 looks even better for BONK, which reached an all-time high at the end of May. However, its price has dropped by 20% in the past month (according to CoinGecko data).

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