Solana's BONK Becomes 69th Largest Coin as Market Cap Tops $1 Billion

Solana-based meme coin BONK solidified its meme status Thursday morning, landing at 69th on CoinGecko’s ranking of the most valuable cryptocurrencies as its market cap surged above $1 billion for the first time ever.

BONK is booming again, as it has over the past several weeks, popping 64% over the past 24 hours as of this writing to set another all-time high price. The price for the Solana token jumped as high as $0.00001755 late Thursday morning after BONK was listed on Coinbase, America’s largest crypto exchange.

Meme coins are famously volatile, however, and BONK is no different. It quickly dipped about 6%, but then continued climbing to nearly match its all-time high again with a current market cap of nearly $1.05 billion.

BONK has now marked a sizable 75% rise over the past seven days, with its gains extending to 791% over the past 30 days. Solana’s own SOL coin has seen a similarly rapid rise over the past couple months, but BONK is riding that sentiment to a much higher multiple.

It’s by far the biggest gainer in the top 100 cryptocurrencies over the past day, with the Ethereum-based WOO token (up 33%) and Bitcoin-based ORDI (up almost 32%) ranking right behind.

SOL itself is up nearly 9% on the day to a current price above $73, while fellow dog-inspired meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) aren’t quite as buzzy today, each posting gains around 5% over the past 24 hours.

Best in Show? Solana's BONK Joins Dogecoin and SHIB as Top Dog Coins

History is being made this very moment—so long as you consider the fortunes of dog-themed meme coins to be a valid subject of historical inquiry.  On Tuesday, ascendant Solana-based canine crypto token BONK hit another major milestone: It now sits among the top three “dog-themed coins” by market capitalization, having dethroned the Ethereum-based, Shiba Inu-inspired token FLOKI earlier today. BONK currently boasts a market capitalization of nearly $443 million, according to CoinGecko. That’s eno...

BONK now joins those two larger meme coins with a market cap above $1 billion, although the Solana coin still has substantial ground to make up if it wants to match those higher-ranking leaders—DOGE is ranked 11th with a market cap of about $13.9 billion, with SHIB trailing behind at 18th with a market cap of about $5.9 billion.

Edited by Stacy Elliott.