tl;dr
Solana's meme coin Bonk (BONK) surpassed its canine competitor to become the network's largest meme coin by market cap, with a value of over $3.9 billion and a price surge to $0.00005269. Meanwhile, Solana's Dogwifhat (WIF) fell to $3.29, losing its status to Bonk as the meme coin's market decreased...
Solana's meme coin Bonk (BONK) has surpassed its competitor Dogwifhat (WIF) to become the network's largest meme coin by market cap, with a value of over $3.9 billion and a price surge to $0.00005269, reaching an all-time high price of $0.000057. Bonk's ecosystem includes community-led projects like BONKbot and BONKSwap, as well as an initiative called BURNmas to increase scarcity and potentially raise the token's price.
Meanwhile, Coinbase's listing of Dogwifhat led to a price rally, but it has yet to break its all-time high of $4.58. Solana's price surge post-Election Day has increased by 50%, trading at 7.6% below its all-time high, positioning itself as an "Ethereum killer".
During the Tuesday dogfight, Solana's meme coin Bonk (BONK) became the largest by market cap, with a value over $3.9 billion and hitting a new all-time high price of $0.000057. In contrast, Dogwifhat (WIF) fell to $3.29. Bonk's community-led projects, including BONKbot and BONKSwap, have contributed to its ecosystem. Bonk's DAO initiated BURNmas, aiming to burn BONK tokens to increase scarcity and potentially raise the token's price.
Coinbase recently listed WIF, leading to a price rally to $4.29, the highest in over seven months. Solana's post-Election Day rise, influenced by expectations of a crypto-friendly regime under President-elect Donald Trump, has seen its price increase by 50%, positioning itself as an "Ethereum killer". Despite this, Solana is still 7.6% below its all-time high, while Ethereum remains 36% from its own 2021 peak of $4,878.