Bonk Inu (CRYPTO:BONKI), a meme coin built on Solana (CRYPTO:SOL), has witnessed a remarkable 15% increase in its daily value and a staggering 45% surge over the past month, reaching its highest price level in almost three months.
With its market capitalisation nearing $2.5 billion, BONK has surpassed its rival, Floki Inu (CRYPTO:FLOKI).
Pepe (CRYPTO:PEPE), another meme coin, has also made headlines with a 110% monthly ascent, hitting a new all-time high and boasting a market cap exceeding $6 billion, positioning it as the third-largest in its category.
Analysts suggest that Bonk Inu's rally may continue, viewing its current surge as a bullish breakout after a period of consolidation, potentially presenting a favorable buying opportunity.