Bonk, Floki Drive Meme Coin Gains As Dogecoin, Shiba Inu Take Back Seat – Emeren Group (NYSE:SOL)

Canine-themed meme cash topped the value charts Tuesday, with the lesser-identified ones outperforming the heavyweights. 

What occurred: A gravity-defying rally noticed Solana SOL/USD–primarily based Bonk pump 30% within the final 24 hours, propelling it to the highest of the day by day gainer checklist.

The canine coin’s buying and selling quantity surged over 230% within the final 24 hours to $2.40 billion.

With the newest uptick, Bonk’s weekly features swelled to 53% because the cryptocurrency swiftly approached its all-time highs set in late Could.

Ethereum ETH/USD-based Floki was the second-greatest performing meme coin on the day, rising over 7% in worth, with purchase/promote quantity almost doubling within the 24-hour interval. 

The coin, named after Elon Musk’s Shiba Inu canine, was up over 40% since Donald Trump secured a victory within the presidential race.

See Additionally: Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk’s Call For New Roles Recommendations In Trump Administration

The features made by Bonk and Floki dwarfed these of blue-chip currencies Dogecoin DOGE/USD and Shiba Inu SHIB/USD. 

DOGE, regardless of driving on Musk and Vivek Ramaswamy’s official appointment to the Division of Authorities Effectivity, was up simply 3.41% within the final 24 hours. That stated, the “unique meme coin” has been one of many greatest beneficiaries of the Trump rally, rising 78% over the week, and over 232% within the final month.

SHIB, in distinction, was down almost 7% within the 24-hour interval, with its weekly features narrowing to 27%.

The broader meme coin market capitalization rose from $102.11 billion to $104.11 billion, reflecting a rise of two%.

Picture by way of Shutterstock

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