Bonk, Floki Drive Meme Coin Gains As Dogecoin, Shiba Inu Take Back Seat
Dog-themed meme coins topped the price charts Tuesday, with the lesser-known ones outperforming the heavyweights.
What happened: A gravity-defying rally saw Solana (CRYPTO: SOL)–based Bonk pump 30% in the last 24 hours, propelling it to the top of the daily gainer list.
The canine coin's trading volume surged over 230% in the last 24 hours to $2.40 billion.
With the latest uptick, Bonk's weekly gains swelled to 53% as the cryptocurrency swiftly approached its all-time highs set in late May.
Ethereum (CRYPTO: ETH)-based Floki was the second-best performing meme coin on the day, rising over 7% in value, with buy/sell volume nearly doubling in the 24-hour period.
The coin, named after Elon Musk’s Shiba Inu dog, was up over 40% since Donald Trump secured a victory in the presidential race.
The gains made by Bonk and Floki dwarfed those of blue-chip currencies Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
DOGE, despite riding on Musk and Vivek Ramaswamy's official appointment to the Department of Government Efficiency, was up just 3.41% in the last 24 hours. That said, the "original meme coin" has been one of the biggest beneficiaries of the Trump rally, rising 78% over the week, and over 232% in the last month.
SHIB, in contrast, was down nearly 7% in the 24-hour period, with its weekly gains narrowing to 27%.
The broader meme coin market capitalization rose from $102.11 billion to $104.11 billion, reflecting an increase of 2%.
Image via Shutterstock
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Posted-In: BONK Dog-themed memecoins dogecoinCryptocurrency News Markets Movers Trading Ideas
