Solana Dog Coin Bonk (BONK) Slips Up 19% With Strong Reason

BONK, which saw a huge surge in value over the weekend, climbed higher today, recording a surge of more than 22%, according to CoinMarket limit data.

BONK's price increase appears to be due to the recent surge in meme coin prices. Shiba Inu and Pepe coins benefited from the positive sentiment surrounding the meme token, increasing by 10% and 21% respectively.

The meme token also increased by 57% in the last seven days. What is worth noting is that BONK has quietly strengthened 680.6% in the last 30 days.

BONK started a bullish trend following many positives for the Solana ecosystem as well as new listings and improvements to the BONK ecosystem. Related Solana Dog Coin Bonk (BONK) Jumps 12% on Major Exchange Listing In late November, KuCoin, a major crypto exchange, announced the listing of BONK via the BONK/USDT trading pair.

BonkSwap , an independently owned AMM DEX built around BONK, also received a new upgrade at the close of November.

BonkSwap has been upgraded to provide liquidity provider incentives in the form of esBONK, an escrow reward token earned by providing liquidity to the BonkSwap incentive pool.

Over the next three months, 10 billion BONK will be awarded to this initiative to incentivize SOL-BONK and BONK-USDC pools.