Bonk BONK/USD Turned Out To Be One of the Best-Performing Memecoins Tuesday, While the Native Currency of Its Parent Blockchain, Solana SOL/USD, Also Traded in the Green

What Happened: Bonk surged more than 7% in the last 24 hours, taking its gains since the beginning of this week to 27%.

The popular dog-themed token Bonk (BONK/USD) was among the best-performing memecoins on Tuesday, as the native currency of its parent blockchain, Solana (SOL/USD), also traded in the green.

What Happened: Bonk surged over 7% in the last 24 hours, bringing its gains to 27% since the beginning of this week. The canine coin recorded a 24-hour trading volume of $390 million.

Meanwhile, Solana, the fifth-largest cryptocurrency, gained 1.86% in the last 24 hours, mirroring the trajectories of Bitcoin (BTC/USD) and Ethereum (ETH/USD). SOL logged a trading volume of $2.27 billion.

See Also: Trader Calls Solana ‘Most Liquid, Strongest Runners’; Analyst Predicts March 2025 Final Deadline For SOL ETFs

Bonk's latest bullish pivot effectively erased all the losses endured during last week's market bloodbath. Over the month, the memecoin was still down 10%.

However, a noted cryptocurrency analyst, going by the pseudonym, World Of Charts, forecasted a 2x surge for the Solana-based token in the coming days.

Another well-known analyst, The CryptoBull, described BONK as the “most ‘obvious coin to pump from here,” with other memecoins following suit.

At the time of writing, BONK was trading at $0.00002564, while Solana was exchanging hands at $140.42, according to data from Benzinga Pro.

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