SOL - Solana-Based Meme Coin Bonk Makes A Comeback Surging 30% As Market Eyes Bitcoin ETF Approval | Benzinga
The Solana (CRYPTO: SOL) based meme cryptocurrency, Bonk (CRYPTO: BONK), has experienced a resurgence, climbing 30% over the past 24 hours after a decline that followed its year-end rally.
What Happened: In the last 24 hours, BONK surpassed the performance of other meme coins such as Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe Coin (CRYPTO: PEPE), which recorded gains ranging from 5% to 11%.
It should be noted that Bonk’s 24-hour trading volumes rose over 129% to $282.75 million, according to data available from CoinMarketCap at the time of publishing.
The bounce-back in Bonk's value comes with a broader market recovery, as investors show renewed enthusiasm based on the optimism surrounding a potential Bitcoin exchange-traded fund (ETF) approval.
The market is particularly focused ...