Crypto Market Surges 110% YTD; Bonk Emerges as Memecoin Star

The crypto market witnessed a remarkable 110% year-to-date surge, fueled by a series of market-reviving milestones in late October. Among the emerging tokens, Bonk, a dog-themed memecoin running on the eco-friendly Solana blockchain, gained prominence since its introduction in December 2022.

Recently surpassing the memecoin star Pepecoin in market cap, Bonk’s token price surged from $0.0000028 to $0.000012 in the past 30 days. With a monthly market cap increase of 370%, Bonk reached a valuation of $762 million before a slight dip amid market volatility. This places Bonk as the third-largest memecoin, trailing closely behind DOGE and SHIB.

Modeled after the Shiba Inu breed, Bonk garnered international recognition by being listed on exchanges like Binance and KuCoin, contributing significantly to its overall growth. Launched on December 29, 2022, Bonk achieved an impressive 3,766% uptick within its first trading week.

While Bonk dominated the scene, Ordi, a meme coin on the Bitcoin blockchain, attracted substantial attention. The first BRC-20 crypto token reached an all-time high of $65.06, experiencing a remarkable 148% surge in the last seven days and an astounding 500% increase in the last 30 days, riding on Bitcoin’s bullish momentum.