Dogecoin Rival BONK Surpasses Shiba Inu in Trading Volume As Price Leaps Over 40% in 24 Hours: CoinMarketCap

The Solana (SOL)-based dog-themed meme asset Bonk (BONK) has surpassed rival Shiba Inu (SHIB) in daily trading volume as its price jumps over 40% in just 24 hours.

New data from crypto data aggregator CoinMarketCap reveals that the Dogecoin (DOGE) competitor has seen a staggering 71.8% increase in daily trading volume, bringing its total to about $311 million.

In comparison, Shiba Inu has seen its 24-hour trading volume spike by 29.6%, bringing its total to $232. million. Furthermore, the information shows that BONK has also seen a 58.7% spike in market cap, making it the 68th-ranked digital asset.

Recently, top-US-based crypto exchange platform Coinbase announced that it will be adding the red-hot meme coin to its altcoin listing roadmap, which alerts traders that Coinbase could soon start supporting a specific digital asset.

Coinbase created the listing roadmap in 2022 as a means of increasing transparency and reducing the risk of investors front-running new trading announcements.

Furthermore, Bonk recently announced the launch of BONKBot, a program that allows users to trade crypto assets over social media and chat platform Telegram.

“On the third day of BONKmas, my true dog gave to me: BONKbot! Trade with ease using BONKbot on Telegram. This BONKmas, discover how BONKbot simplifies trading and managing your positions.”

Recently, crypto analyst Ali Martinez issued a warning about BONK, saying that a month-long correction for the meme asset could be in the works.

According to the strategist, a key indicator has reversed, showing a sell signal.

BONK is trading for $0.000015 at time of writing, a 49% increase during the last 24 hours and an increase of over 400% since the last 30 days.