Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»Coin Markets This Week: Bonk Continues to Soar on Solana Hype and Bitcoin Fall
ETHEREUM NEWS

Coin Markets This Week: Bonk Continues to Soar on Solana Hype and Bitcoin Fall

By Crypto FlexsDecember 16, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Coin Markets This Week: Bonk Continues to Soar on Solana Hype and Bitcoin Fall
Share
Facebook Twitter LinkedIn Pinterest Email
Illustration by Mitchell Preffer for Decrypt.

It was another great week for meme coin Bonk (BONK) and the network that runs it.

BONK looked as unstoppable this week as it did last week. According to CoinGecko, the dog-themed meme coin is trading at $0.00002364 at the time of writing. That’s a solid gain of 67% over the past seven days, and a full 441% rise over the past two weeks. If you had entered this fight a month ago, you would have made back more than six times your investment.

Traders have been excited about Solana over the last month as investors poured money into SOL and related products.

why? In the Sam Bankman-Fried trial, people were betting on a cryptocurrency crash, but a short squeeze (when an asset’s price unexpectedly surges due to forced purchases by short sellers) caused the price of SOL to skyrocket.

This asset is still on the rise. It has risen more than 6% over the past week and is currently trading at $74.11, up more than 20% since early December.

BONK, the token running on SOL, has experienced huge gains due to Solana’s implementation. Coinbase, the largest U.S. cryptocurrency exchange, also announced that it would list tokens this week.

But other meme coins also failed to do so. Dogecoin (DOGE), the 11th largest digital asset, has fallen more than 3% over the past day. During the week, the price fell another 8%, trading at $0.094.

Meanwhile, Shiba Inu (SHIB) plunged 4% later this week. But it’s still up more than 17% in two weeks.

Other altcoins did not see much price movement. However, Avalanche (AVAX) is an exception. This week it surpassed DOGE to become the 10th largest cryptocurrency by market capitalization.

Institutional investors are eyeing the asset after banking giant JP Morgan’s blockchain Onyx used the Avalanche blockchain subnet in a proof-of-concept trial. Currently trading at $41.77, it remains in the green throughout the calendar. It’s up 3% since yesterday, up 27% since last week, and up 78% over the past 30 days.

Bitcoin has fallen nearly 4% over the past seven days and is trading at $42,190 as the hype surrounding the approval of exchange-traded funds (ETFs) appears to have died down.

Edited by Ryan Ozawa.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Memeinator Pre-sale Enters Final Stage with Over 96% of Tokens Sold – Blockchain News, Opinion, TV & Jobs

March 20, 2024

Grayscale CEO says he is optimistic about a spot Bitcoin ETF after speaking with the SEC.

December 6, 2023

Ethereum Plans for Dencun Upgrade: Is This the End of the Rollup?

March 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.