Bonk gains 48% in a day, trading volume surges over Shiba Inu

Solana’s memecoin Bonk has gained nearly 50% in the past 24 hours following its listing on Coinbase and the launch of its Telegram trading bot. 

Bonk reached an all-time high of $0.00001538 today, becoming the highest gainer of the day and most gaining memecoin over the past week. Following yesterday’s announcement, trading for Bonk started early today on Coinbase. This saw a massive 58% surge in the memecoin’s trading volume in the past 24 hours. The token’s current trading volume is higher than Shiba Inu, which boasts a much larger market cap.

The Solana-based memecoin also launched its Telegram trading bot today labelled ‘BONKbot’. Over the weekend, Bonk flipped PEPE in market cap, recording an unprecedented 668% monthly increase. The token was launched on Christmas 2022, and investors remain highly confident in its bullish trend heading to its one-year anniversary. 

The memecoin currently has over 680,000 unique holders and more than 300 partners and integrations on the Solana blockchain. Only SOL and stablecoin USDC have more usage on the network.