Within a single day, the price of Bonk surged by more than 90%, propelling the token’s market cap to a staggering $1.75 billion. In just a month, the coin’s value had already increased by 100%, and since October, it has soared by an astonishing 10,000%. Currently, Bonk holds the 43rd position among the largest crypto assets.
The Bullish momentum for Bonk intensified after cryptocurrency exchange Coinbase added its token trading on December 14th, followed by Binance’s listing on December 15th. Binance made BONK/USDT, BONK/FDUSD, and BONK/TRY pairs available for trading.
One contributing factor that might have influenced Bonk’s price surge is its association with Solana. SOL, which aims to challenge the dominance of traditional platforms, has been gaining significant momentum. Since surpassing the $8 threshold, SOL’s price has surged by over 395%.
Recently, Anatoly Yakovenko, co-founder of Solana, shared the challenges in attracting early-stage investors to the project. Initially, venture capital funds considered the ecosystem’s concept as futile.
Additionally, two tokens connected to the Canadian firm Geometric Energy Corporation, responsible for launching the DOGE-1 lunar satellite in January, have experienced substantial price surges. The satellite’s launch is scheduled for January 12th, and it will be aboard a SpaceX rocket from the Kennedy Space Center in the United States.