Solana’s BONK surpasses $1 billion in market capitalization, becoming the 69th largest coin

Solana-based meme coin BONK cemented its meme status Thursday morning, ranking 69th on CoinGecko’s list of most valuable cryptocurrencies, with its market capitalization surpassing $1 billion for the first time ever.

BONK is booming again, as it has been for the past few weeks, and as of this writing, it has exploded 64% in the last 24 hours to hit another all-time high. Solana token price surged to $0.00001755 late Thursday morning after BONK was listed on Coinbase, the largest U.S. cryptocurrency exchange.

However, Meme coins are famous for their volatility, and BONK is no different. It quickly fell about 6%, but continued to rise and is now almost at an all-time high again, with a market capitalization of about $1.05 billion.

BONK has registered a significant 75% gain in the last 7 days and is up 791% in the last 30 days. Solana’s SOL coin has seen a similarly sharp rise over the past few months, but BONK is driving that sentiment to much higher multiples.

It was by far the biggest gainer among the top 100 cryptocurrencies over the past day, followed closely by Ethereum-based WOO token (up 33%) and Bitcoin-based ORDI (up nearly 32%).

SOL itself is up nearly 9% on the day, with its current price above $73, while fellow dog-inspired meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) are not as active today, each up about 5% month-on-month. It rises. Last 24 hours.

BONK now joins the two largest meme coins with a market capitalization of over $1 billion. However, Solana Coin still has enough base to rival the top leaders. DOGE ranked 11th with a market capitalization of approximately $13.9 billion. , SHIB ranked 18th with a market capitalization of approximately $5.9 billion.

Edited by Stacey Elliott.