BONK Surpasses FLOKI To Become 3rd Largest Dog-Themed Coin By Market Cap

Coingapestaff
December 6, 2023 Updated June 28, 2025
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What’s Next As Bonk Crypto Price Soars 35% Alongside Pepe, SHIB

The Solana-based dog-themed crypto token, BONK, has soared to new heights, securing its place among the top three “dog-themed coins” by market capitalization. This achievement comes as BONK surpasses the Ethereum-based FLOKI with a slight margin of over $500 million market cap.

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BONK’s Meteoric Price Surge

BONK’s remarkable journey includes an astonishing 876% surge over the last month, with a staggering 1,700% increase from late October to late November. The coin’s recent 24% rise, reaching a new all-time high of $0.00000850, underscores its unprecedented momentum.

The competitor FLOKI also experienced a 24% increase on the previous day which took it to 3rd place in dog-themed tokens in terms of Market cap which BONK replaced currently.

However, despite BONK’s ascent, it still has a considerable gap to bridge compared to the titans of the dog coin universe – Dogecoin (DOGE) and Shiba Inu (SHIB). DOGE’s market cap nears $14 billion, while SHIB commands just over $5.9 billion.

Much of BONK’s success is attributed to the renewal of its parent network, Solana, which has experienced a resurgence following a challenging year. With SOL’s value nearly tripling to $61 since the beginning of Sam Bankman-Fried’s trial last month, enthusiasts anticipate a more substantial comeback for the entire cryptocurrency ecosystem.

Previously, multiple developers stated that a team of 22 people, with no single leader, actively participated in the development of the Bonk project. On Solana, they have all previously produced decentralized applications (Dapps), non-fungible tokens (NFT), and other similar items.

Also Read: Terra founder Do Kwon Appeals Against Extradition Decision of Montenegrin Court

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Challenges Among Top Meme Coins

With a market cap of approximately $472 million, Bonk Inu sits in third place among top dog-themed coins, trailing behind Shiba Inu (SHIB) and Dogecoin (DOGE). The coin’s significant 24-hour trading volume of $84 million signals active investor interest.

As Bonk Inu’s trajectory and potential for further gains remain uncertain, there’s speculation about its ability to dethrone PEPE, which currently boasts a market cap of $592 million. However, it’s crucial to note that Bonk Inu still has a considerable gap to close compared to the colossal meme coin market caps of SHIB and DOGE.

Also Read: Shiba Inu Price Soars As SHIB Surpasses LTC and DAI

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.