Meme coins have become a prominent part of the crypto industry and hardly a market recovery goes by that there isn’t at least one meme coin outshining the crypto market gains. This time around, it is a meme coin on the Solana network that is outperforming the space, leaving behind even the likes of heavy hitters such as Dogecoin, Shiba Inu, and PEPE.

Meme 코인은 암호화폐 산업에서 중요한 부분이 되었으며 암호화폐 시장의 이익을 능가하는 밈 코인이 하나도 없기 때문에 시장 회복이 거의 이루어지지 않습니다. 이번에는 도지코인(Dogecoin), 시바견(Shiba Inu), PEPE 등의 강자들마저도 제치고 공간을 능가하는 성능을 보이고 있는 솔라나 네트워크의 밈 코인입니다.

Solana-Based BONK Meme Coin Rises 1,700%

솔라나 기반 BONK Meme 코인 1,700% 상승

After initially putting on an incredible run earlier this year, the Solana-based BONK meme coin had seemingly faded back into obscurity. The coin’s price eventually fell around 80% of its previous all-time high and traded low for the better part of the year.

However, this bearish run would end in October as soon as the crypto market began to recover once again. The price would eventually go from $0.00000019 toward the end of October to $0.000000768 by the time the month of November began. It was already up 300% by then but the rally was only in its beginning stages.

그러나 이러한 하락세는 암호화폐 시장이 다시 회복되기 시작하자마자 10월에 끝날 것입니다. 가격은 결국 10월 말 $0.00000019에서 11월이 시작될 때 $0.000000768로 상승할 것입니다. 그때쯤에는 이미 300% 상승했지만 랠리는 시작 단계에 불과했습니다.

On Monday, November 20, the BONK price made a new all-time high of $0.00000539 according to data from CoinGecko. This represents an over 1,700% increase from its cycle lows, making it the top-performing meme coin in the last 30 days.

Likewise, BONK has seen a tremendous jump in its trading volume. In mid-October, the meme coin was doing less than $2 million in daily trading volume. However, as of Tuesday, November 21, BONK’s trading volume is sitting above $100 million, up almost 11% in the last day alone. This signifies the renewed interest in the coin, suggesting that the rally was backed up by good fundamentals.

Dogecoin And Shiba Inu Fall Behind

Dogecoin과 Shiba Inu가 뒤처져 있습니다.

As the price of the BONK meme coin has surged, other meme coins have not performed as well. While they have seen some good headwinds, they have largely underperformed compared to BONK. To put this in perspective, the price of BONK is down 105.45 in the last week. At the same time, the price of Dogecoin is up only 2.5% in the same time period.

Shiba Inu and PEPE are performing even worse in this timeframe. The former is currently seeing 2.7% losses on the weekly chart, while the latter is down 3.9% in the same time period. Another top meme coin, FLOKI, is down 6.8% as well.

The BONK recovery can be attributed to the price of Solana which is up over 400% this year alone. SOL’s price reached as high as $62 before correcting back downward, and the interest in the token trickled down to other ecosystem cryptos.

BONK의 회복은 올해에만 400% 이상 상승한 솔라나의 가격에 기인할 수 있습니다. SOL의 가격은 다시 하향 조정되기 전에 62달러까지 올랐고, 토큰에 대한 관심은 다른 생태계 암호화폐로 흘러갔습니다.