The Solana ecosystem is buzzing again, thanks to a recent surge in the price of SOL and the success of the network’s meme coin, BONK. The price of BONK has risen 110% over the past week, reaching an all-time high of $0.00000539 earlier Monday. However, this was followed by a 29% decline in the span of 11 hours. Despite this, BONK is still up 1,700% over the past month. BONK was created in December when the Solana ecosystem was struggling following the collapse of crypto exchange FTX, and it has helped reignite enthusiasm among Solana’s users and developers. While rumors have been circulating on social media about a potential listing for BONK on Binance, there is little substantial proof of this. BONK is a highly volatile token, and its price is largely affected by social media sentiment.
You can read more about this topic here: Decrypt: BONK Goes Boom: Solana Meme Coin Soars 1,700% in 30 Days to Hit All-Time High