Bonk Investors Rush to This Solana-Based Coin – Could It Skyrocket 1,000%?
Popular Solana meme coin Bonk ($BONK) has posted the heaviest intraweek losses of any top ten meme coin.
The token shed 4.2% in seven days to trade at $0.00003337 as of this writing.
By contrast, Dogecoin ($DOGE), the original canine meme coin, grew 2.1% over the week and currently trades at $0.1635.
However, when we look at the broader picture, Bonk has been steadily gaining in value over the last 3 months.
The token rose to a recent high of $0.00004362 on May 29, just 4% short of its all-time high of $0.00004547 on March 04 this year, ten days before market leader Bitcoin ($BTC) posted a record price of $73,737.94.
Bonk’s relative stability looks all but certain in the short-to-mid term.
The diagonal green line indicates rising support from bottoms of $0.000013 in mid-April to a baseline of $0.000031 in June so far. The token’s price has closely hugged its 30-day moving average, represented by the blue line, which indicates relative stability—not typical meme coin behavior.
However, for hardcore meme coin fans, stability is not really a motivating factor. Meme coins are typically popular because their volatility can result in some timely and explosive price pumps.
Bonk’s native chain, Solana, is cultivating a thriving community of app developers to compete with Ethereum for commerce.
Solana currently hosts a digital economy storing over $4.8 billion in total value locked (TVL) across various apps and financial services, with 1.7 million active users transacting daily and over 2,500 monthly active developers.
Bonk is just one of several Solana projects that rose to become top ten meme coins within a year of launch. The other industry-leading Solana meme coins are DogWifHat ($WIF), Book of Meme ($BOME) and Popcat ($POPCAT).
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