Solana-based meme coin Bonk Inu (BONK) is up more than 50% over the past two weeks, becoming the fifth-largest in its class with a market capitalization of nearly $1.6 billion.

Its growth is supported by strong investor interest and listings on major cryptocurrency exchanges such as Binance and Coinbase.

BONK is the second largest meme coin created on the Solana blockchain, second only to dogwifhat (WIF).

The meme coin was created in December 2022, but began to attract attention only a year later.