BONK Meme Coins Up 30% In A Day

JAKARTA - One of the rising meme coins is Bonk (BONK), which runs on the Solana network. The price of this token rose more than 30% in the last 24 hours, reaching $0.0000126 (Rp 0.2) per token. With this increase, BONK's market capitalization again penetrated the figure of $800 million (Rp 12.5 trillion).

BONK managed to beat most of the other cryptocurrencies, including Bitcoin (BTC) which also experienced a significant increase. The price of BTC rose above US$46,000 (Rp 716 million) due to the hope that the United States authorities would approve the exchange-trained fund (ETF) Bitcoin.

However, BONK isn't the only meme coin that's shining. There is also Meme Kombat (MK), a new project that combines memes and fighting games.

The Constitutional Court is pre-sales tokens and has raised more than 2 million US dollars (Rp 31 billion) in several months. The Constitutional Court promises passive and active income for its players through betting and staking mechanisms.

A spike in BONK prices

The surge in BONK prices appears to be more driven by psychological factors than fundamentals. Many investors are interested in buying BONK for fear of falling behind the trend of popular meme coins. This can be seen from the increasing volume of trade and talks on social media.

According to CoinMarketCap data, BONK's trading volume has reached 414 million US dollars (Rp 6.4 trillion) in the last 24 hours, making it the second-highest trading volume meme coin after Dogecoin (DOGE). In addition, BONK is also one of the most discussed topics on Twitter and Reddit.