BONK Overtakes WIF as the Top Solana Meme Coin, Records Higher Trading Volume than Ethereum

As the crypto bull run continues, meme coins are leading the charge with spectacular gains and soaring market valuations. Although the meme coin fever has cooled off somewhat compared to earlier in the week

Solana's meme coin, BONK, has hit an all-time high with a 30% surge in the past 24 hours, reaching a price of $0.00005377. This comes as other meme coins, such as FLOKI, saw a 6% gain during the same period, while Dogecoin and Shiba Inu experienced a 3% loss.

Notably, just two weeks ago, BONK was trading at $0.00001713. With its value now hitting $0.00005377, it marks an impressive 213% increase from its monthly low.

This remarkable performance has also helped BONK reclaim market share from Solana's another meme coin, Dogwifhat (WIF), which made headlines in the first quarter of the year with explosive gains. At the time, WIF briefly became the third-largest meme coin by market cap, surpassing PEPE.

Currently, BONK boasts a market cap of approximately $4 billion, while WIF's market cap stands at $3.86 billion. Notably, WIF has yet to experience a significant price pump like BONK. As of now, WIF is trading at $3.87, up 2.15% in the last 24 hours and 53% over the past week.

A major factor contributing to WIF's price surge is its recent listing on Coinbase, the largest U.S.-based crypto exchange. However, the frenzy around BONK has far surpassed that of WIF.

At one point last week, BONK recorded higher 24-hour trading volume than Ethereum, the largest altcoin by market cap. The meme coin's spectacular performance and liquidity have continued to attract attention in the crypto market.