BONK Inu's price soared 25%, making it the fifth-largest meme coin with a market cap exceeding $1.7 billion.

This surge positions BONK (CRYPTO:BONK) to potentially surpass WIF (CRYPTO:WIF) as the leading Solana-based (CRYPTO:SOL) meme coin.

The overall meme coin market saw an 8% rise in capitalisation, reaching over $45 billion.

Other top performers included FLOKI (CRYPTO:FLOKI), BOME (CRYPTO:BOME), and PEPE (CRYPTO:PEPE), with gains of 7.5%, 8.2%, and 11%, respectively.

Lesser-known token BILLY (CRYPTO:BILLY) also saw a 40% increase in price, raising its market cap to nearly $200 million.

Despite these gains, traders are advised to remain cautious due to the inherent volatility of meme coins.