The meme coin market has seen intense competition recently between two unlikely crypto protagonists – Pepe the Frog and a dog coin called BONK. Both tokens have shown astonishing growth, but BONK currently reigns supreme as the 3rd largest meme coin while the resurrected PEPE hopes to leapfrog its way up the charts.
Keypoints
- PEPE coin price surged 40% over the past week, with 60% of holders now in profit. Active addresses and transactions have also increased.
- BONK gained 30% in 24 hours, flipping PEPE to become the 3rd largest meme coin by market cap behind Dogecoin and Shiba Inu.
- BONK and Solana saw massive spikes in trading volume over $1 billion each. Only Ethereum had higher volume.
- PEPE’s resurgence shows the dynamic nature of the crypto market. With more profits, activity, and transactions, it is solidifying itself in the meme coin space.
- BONK is trading at all-time highs and has strong price resilience. Its…
