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Bonk (BONK), the Solana dog coin, appears to be making a comeback, rising 15% in the past 24 hours after a decline following its early 2024 price hike to $0.00001794.
Over the past 24 hours, BONK has outperformed other coins like Dogecoin and Shiba Inu, which gained 0.83% and 1.20%, respectively. At the time of writing, BONK was up 11.13% over the previous 24 hours.
BONK, which claims to be the first dog coin on the Solana (SOL) blockchain, has received a lot of interest and adoption from the cryptocurrency community, particularly the Solana ecosystem.
While the overall coin hype on the Solana blockchain appears to have diminished, BONK appears to be making a comeback, rising from a low of $0.0000102 to a high of $0.00001199 during the trading session of Friday.
CoinMarketCap statistics show that Bonk's 24-hour trading volume increased by over 97.08% to $138.78 million.
The rebound in Bonk's value coincides with a broader market rally as investors regain interest in Bitcoin and other crypto assets. The Solana ecosystem appears to benefit from the favorable market outlook.
Solana, the fifth largest cryptocurrency by market value, reclaimed the $100 threshold after the outage that spooked traders on Monday and turned out to be a local low, with FUD pushing price return . At the time of writing, SOL was trading at $104.75.
As previously reported, Dogwifhat (WIF), a meme coin based on the Solana (SOL) blockchain, saw a 30% jump yesterday after listing on Bitfinex before reversing its gains.
The Solana-based Pyth Network (PYTH) token also saw a huge spike of 10.09% in the previous 24 hours.
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