While the global cryptocurrency market rebounds from a recent decline, as the market cap rises by almost 2%, Bonk (BONK), the pioneering dog-themed coin on the Solana blockchain, has experienced a notable price decrease.
The global cryptocurrency market is showing signs of recovery from a recent downturn, with the market cap rising by almost 2%. However, Bonk (BONK), the pioneering dog-themed coin on the Solana blockchain, has experienced a notable price decrease.
As of January 29, 2025, BONK is priced at $0.00002531, reflecting a drop of 17.60% in the last week. This follows BONK hitting its peak of $0.00005916 on November 20, 2024, before pulling back by 57.21%.
While the meme coin is facing a significant drop, Nebula Stride (NST), a new player concentrating on tokenizing real-world assets, is attracting attention as a possible profit generator.
BONK Price: Market performance
Despite recording nearly 17% and 14% in losses, over the past week and month respectively, BONK’s price has experienced substantial growth.
Launched on December 25, 2022, under the motto “for the people, by the people,” BONK sought to restore liquidity to decentralized exchanges (DEXs) based on Solana.
Fifty trillion coins, representing half of its total supply, were airdropped to the Solana community, which included NFT creators, developers, and artists, to promote a community-focused ecosystem.
This effort not only increased the SOL token’s price by 34% within 48 hours of its launch, but also led to BONK’s trading volume skyrocketing to around $20 million on Orca, a DEX based on Solana.
Since being listed on major exchanges on December 30, 2022, BONK has witnessed an astounding increase of more than 20,000%. This positrioned it as one of the best meme coins to invest, based on return percentages for 2023.
