The first dog-themed meme coin on Solana (SOL), Bonk (BONK), appeared to be fading into the background at the start of 2023 despite initially being greeted with enthusiasm.
The token, seeking to emulate in the footsteps of other dog-themed cryptocurrencies such as Shiba Inu (SHIB) and Dogecoin (DOGE), still had some staying power due to its connection with the launch of Solana smartphones.
But by November, Bonk made something of a comeback amid the current crypto market rally and increased in value by a staggering 2,000% over the last 30 days, according to the latest data retrieved by Finbold from CoinMarketCap.
BONK 1-month price chart. Source: CoinMarketCap
The meme coin is set to receive another boost as Binance, the world’s largest cryptocurrency exchange by volume, is adding support for perpetual futures trading for Bonk, per an official announcement from Wednesday, November 22.
Can BONK rise another 2,000%?
Considering that Bonk is nowhere near as popular or well-known as m
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