Bonk (BONK) is a meme coin that calls itself “the first Solana dog coin for the people by the people.” Bonk — or the “people’s dog coin” of Solana — was distributed via an airdrop . According to Bonk’s one-pager , its contributors were “tired of toxic “Alameda” tokenomics.

Bonk, the second-largest meme coin on the Solana network, reached a peak of $0.000049 on Friday, a 120% increase from the previous week. The coin continued to climb, surpassing its peak and hitting a new all-time high on Saturday.

Following the announcement, the Solana meme coin surged to a new all-time high price of $0.00001474, according to CoinMarketCap data. BONK has experienced remarkable gains, gaining 613% over the past month.

New narratives are coming and going at a blistering pace as the meme hivemind scours outposts strewn between TikTok, X and Instagram, only to sync up in hours and push their coins to hundreds of millions of dollars—and occasionally billions.

Meme Coin of the Year (Winner: Bonk 🏆) Our Meme Coin of the Year award celebrates the most entertaining, impactful and community driven meme coins. These projects have captured the cultural zeitgeist, taken the blockchain by storm and created fiercely loyal communities.

On Tuesday, Bonk (BONK) reclaimed its title as Solana’s largest meme coin by market cap, surpassing Dogwifhat (WIF). Bonk’s price rose by 7%, reaching $0.00005269, pushing its market value to $3.9 billion. Meanwhile, WIF dropped 5%, bringing its market cap below $3.3 billion.

Learn the latest prices of Memes crypto coins and tokens listed by market capitalization ️ 24h volume ️ 24h price change ️ And many more. Market Cap: $3.64T