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- BONK leads market growth, outshining other Solana-based meme coins like WIF and BOME.
- BONK’s interest surges due to Xangle integration and the community burn proposal.
In the midst of investor interest in the Solana ETF, the Solana-based meme token BONK has gained substantial traction by leading the gains in today’s major crypto market.
As of this writing, the meme token’s value has increased by 24.89% over the last 24 hours, hitting $0,00002585, seeking to recover losses from the previous week.
BONK Outperforms Other Solana Meme Coins with Strategic Developments
According to CoinMarketCap, BONK has outperformed other notable meme coins on the Solana network, including WIF, BOME, and SLERF. The current rise in interest in BONK is not without reason.
It appears to be a result of a number of coin-related developments, including the recent addition of BONK to the platform of onchain data provider Xangle. BONK investors can access real-time information about Bonk, from circulation to listings on domestic exchanges, all in one spot.
Gain All Information About Bonk, the Trending Token, on Xangle! 🐶
Xangle has created a profile page for @solana's leading community social token, @bonk_inu! You can now check all real-time information about Bonk, from its circulation to listings on domestic exchanges, all in… pic.twitter.com/b7ZgV7cpeo
— Xangle_Official (@Xangle_official) July 8, 2024
Furthermore, the Bonk DAO account on X announced that it had received a request to burn more than 84 billion BONK tokens from its Treasury. This amount represents the BONK tokens given to the DAO by BONKBot in Q2. Tokens stored in BonkRewards can now vote on community initiatives.
Previously, CNF reported that the meme token had gained market interest since early July after cooperating with Octo Gaming, a gaming ecosystem dedicated to improving gaming experiences, and the Paris Musketeers, a professional American football team based in France. At the time, the token was also the top gainer on the list of the major cryptocurrencies.
As we previously highlighted, the token fell by approximately 36% between May and mid-June. Its present exceptional success demonstrates a change in sentiment since then. This increase against the backdrop of the Solana ETF excitement indicates renewed interest and trust in BONK.
