In a whirlwind surge, a meme coin based on the Solana blockchain, BONK, pumps by a staggering almost 50% within a mere 24-hour span, sending shockwaves through the trading sphere.

According to Coinmarketcap data, BONK has surged by around 50% in the last day and is currently priced at $0.000021. Solana-based BONK’s market capitalization has reached $1.4 billion after an impressive surge of 85% in the past week, propelling it to the 62nd position among cryptocurrencies and ranking it as the third-largest meme coin in the market.

At the time of writing, the total volume of BONK has experienced a significant surge of approximately 189%, amounting to $995.6 million.

BONK’s price hike comes as Bitcoin surpassed $60,000, bringing bullish sentiment to the overall crypto market.

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