The Solana-based meme coin BONK has shown a significant price increase, attracting the attention of the crypto market. As of writing, BONK has risen by 35% over the week.
Current Status and BONK's Rise
Since hitting bottom lows on March 21, BONK has shown consecutive daily rises. On March 24, the value peaked at $0.00001486, surpassing the SMA 50, which capped the price since December 2024.
The History and Success of BONK
Solana's meme coin Bonk Inu was created following the collapse of the FTX exchange. It gained popularity in late 2023 as investors sought to capitalize on the dog-themed token.
Growth Factors and Interest in BONK
BONK's rise coincides with SOL's price increase and a positive crypto market trend. The number of BONK holders nears one million, reflecting strong community support.
BONK's surge is linked to SOL's price increase and market optimism, supported by an expanding number of holders and community backing.
