Bonk Memecoin Surges 150% Outperforming Dogecoin, Shiba Inu, Pepe, and Floki Inu

Traditionally, exchange listings trigger price surges ahead of the actual listing date. However, in the case of BONK, KuCoin’s listing came with additional promotional incentives as the exchange offered rewards of up to $58,000. On the other hand, Binance’s listing of BONK derivatives contracts brought the memecoin to more crypto traders.

Furthermore, the optimism surrounding the Solana ecosystem has also contributed to BONK’s momentum. SOL itself has been a standout altcoin performer this year. The significant growth within Solana’s DeFi sector has propelled Solana-based tokens to outperform their Ethereum counterparts, benefitting BONK in comparison to Pepe, Floki Inu, and Shiba Inu, all Ethereum-based tokens.