Solana based meme, still getting started
š„¶#AltCoinSeason $SOL $BTC $ETH
Si_Angel
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The meme token BONK sets a new historical record after soaring 678% this month and keeping the meme empire alive.
The Solana-based memecoin has just reached a historic high of $0.00000669.
The frenzy of memecoins shows no signs of slowing down.
The BONK token, featuring a dog theme and based on the Solana blockchain, has just hit a new all-time high of $0.00000669. CoinGecko data reveals that the cryptocurrency is currently trading just above $0.00000622āa surge of 11% in 24 hours. On Monday (4th), BONK reached a new historical peak of $0.00000689.
Even more impressive is its month-long surge: the asset has continued to rise and is now up by approximately 678%.
BONK was launched in December 2022 but experienced a renewed surge in interestāand priceālast month. This is, at least in part, attributed to heightened investor attention to Solana, the blockchain on which BONK operates.
Solana's native token, SOL, is now the sixth-largest digital asset by market capitalization. The renewed enthusiasm in the Solana ecosystem has caused SOL to skyrocket in value multiple times in recent weeks.
While it remains significantly below its all-time high price of nearly $260, established at the end of 2021āaround the same time as other major cryptocurrencies like Bitcoin and Ethereum set their respective peaksāit has substantially recovered since dropping to nearly $8 at the end of 2022.
But the opposite happened, as a'short squeeze'āwhen the price of an asset unexpectedly rises due to short sellers exiting their positionsāmade SOL one of the best-performing coins in November.
Interest from companies like Visa and Shopify also led to a significant injection of money into the ecosystem.
Memecoins are digital currencies and tokens based on internet memes and jokes. Generally, they are highly volatile and disappear as quickly as they emerge.
Although some, like Dogecoin (DOGE) and rival Shiba Inu (SHIB), have stayed in the market, they rank as the 10th and 19th largest digital assets by market value, respectively.
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The Solana-based memecoin has just reached a historic high of $0.00000669.
The frenzy of memecoins shows no signs of slowing down.
The BONK token, featuring a dog theme and based on the Solana blockchain, has just hit a new all-time high of $0.00000669. CoinGecko data reveals that the cryptocurrency is currently trading just above $0.00000622āa surge of 11% in 24 hours. On Monday (4th), BONK reached a new historical peak of $0.00000689.
Even more impressive is its month-long surge: the asset has continued to rise and is now up by approximately 678%.
BONK was launched in December 2022 but experienced a renewed surge in interestāand priceālast month. This is, at least in part, attributed to heightened investor attention to Solana, the blockchain on which BONK operates.
Solana's native token, SOL, is now the sixth-largest digital asset by market capitalization. The renewed enthusiasm in the Solana ecosystem has caused SOL to skyrocket in value multiple times in recent weeks.
While it remains significantly below its all-time high price of nearly $260, established at the end of 2021āaround the same time as other major cryptocurrencies like Bitcoin and Ethereum set their respective peaksāit has substantially recovered since dropping to nearly $8 at the end of 2022.
But the opposite happened, as a'short squeeze'āwhen the price of an asset unexpectedly rises due to short sellers exiting their positionsāmade SOL one of the best-performing coins in November.
Interest from companies like Visa and Shopify also led to a significant injection of money into the ecosystem.
Memecoins are digital currencies and tokens based on internet memes and jokes. Generally, they are highly volatile and disappear as quickly as they emerge.
Although some, like Dogecoin (DOGE) and rival Shiba Inu (SHIB), have stayed in the market, they rank as the 10th and 19th largest digital assets by market value, respectively.
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Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
BTC
83,633.36
-10.23%
ETH
2,093.15
-11.47%
SOL
136
-16.50%
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