BONK, the well-known meme coin, has risen over 35% in the last week, attracting meme coin investors in the market. So, what caused this rally?

The well-known meme coin, BONK, has risen over 35% in the last week, attracting meme coin investors in the market. So, what caused this rally?

Benzinga - Well-known meme coin, BONK, has risen more than 35% in the last week, as meme coin investors continue to seek out gains in the market. So, what caused this rally?

Multiple factors contributed to BONK’s surge. Historically, BONK was created after the collapse of FTX on the Solana (CRYPTO: SOL) Blockchain.

Investors immediately began noticing this meme coin when another dog-themed token was launched, but this time during a period when Solana was undergoing a comeback.

However, BONK’s rally coincided with SOL’s 11% price surge within a day, and the overall recovery in the cryptocurrency market.

Over time, BONK has seen a consistent increase in the number of holders, and it’s soon to reach the one-million milestone. This signals a strong community and a rising interest in meme coins.

What's next for meme coin investors?

Most cryptocurrencies pursue a single path. Technical altcoins focus on new features, while meme coins concentrate on community and virality.

Bitcoin Pepe (BPEP) integrates both strategies, adding cutting-edge technology to the viral energy of meme coins. BPEP introduces a Layer 2 scaling solution on Bitcoin, enabling faster transactions at lower costs while maintaining Bitcoin’s renowned security framework. Users will enjoy speed without sacrificing safety.

Bitcoin clocks in at roughly $2 trillion in market value, most of which remains largely inactive. Bitcoin Pepe aims to activate this dormant wealth with its new solution, creating a bridge between ecosystems and connecting Bitcoin holders to the meme coin sphere. This provides Bitcoin and meme coin investors with an untapped option to participate in meme coin growth without selling their Bitcoin positions.

BPEP is designed not only for speculation but also for real-world utility, filling a specific market need by building an infrastructure for meme-based applications.

It is currently available at Stage 7 of its presale for $0.0281, with a 5% price increase at every stage. 50% of its total token supply of 2.1 billion BPEP is allocated for presale. Another 15% will go towards staking and rewards, while liquidity, development and marketing will receive 10% each.

Why Bitcoin Pepe should be on your radar

As cryptocurrencies enter the mainstream and projects bridge established assets with new trends, they have the potential for exponential gains. Bitcoin Pepe embodies this evolution in the cryptocurrency landscape.

It combines the enduring appeal of memes with the practicality of Web3 technology, building on Bitcoin’s foundation while adding innovative advancements. For investors seeking diversification, BPEP offers double exposure: both the growth potential of meme coins and a connection to Bitcoin’s ecosystem.

To learn more about Bitcoin Pepe and join the presale, visit its official website.