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Solana-Based Meme Coin Honk and Bonk Rivalry Heats Up As HONK Price Skyrockets

Solana-Based meme coin Honk gains ground in its rivalry with BONK as price skyrockets 800% after the debut while BONK price tumbled
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Solana-Based Meme Coin Honk and Bonk Rivalry Heats Up As HONK Price Skyrockets

Highlights

  • Honk meme coin seeks to replace popular Solana-based meme coin Bonk
  • HONK gets listed on new crypto exchanges after trending on many platforms
  • HONK rallied 800% in comparison to low trading volumes on BONK

Solana-based goose-themed meme coin Honk debuted on January 13, starting a rivalry with Solana meme coin Bonk. Honk meme coin project states it has only one goal to flip Bonk in market cap and price. HONK is inspired by the viral video game “Untitled Goose Game.”

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Can Honk Flip Bonk?

The recent growth of the Solana ecosystem was backed substantially by meme coins Bonk, Dogwifhat, Myro, and others. Honk tries to flip Solana’s top Bonk meme coin, which currently has a $613 million market cap.

Bonk has a huge following and holders after the recent airdrop, which even caused Solana Mobile Saga smartphone to go sold out as people rushed to buy the smartphone to get free BONK airdrops.

Meanwhile, Honk has a market cap of just $11.44 million and a max token supply of 1 billion. Interestingly, Honk has a unique tokenomics structure, featuring a 0% tax on transactions, making it a user-friendly and attractive investment.

Honk said the Instagram advertising campaign for the meme crypto was a massive success, pushing it into the trending sections for both CoinMarketCap and Solana.

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Where Can You Buy HONK?

HONK meme cryptocurrency is available to purchase on crypto exchanges including Raydium, Orca, Poloniex, Jupiter, LBank. The listings have caused a prompt buying of HONK as the meme coin project plans to conduct surprise airdrops in the few months.

MEXC has announced the listing of HONK, becoming the third centralized exchange to list HONK. MEXC will list the meme coin in HONK/USDT trading pair. Users can start trading on February 7 at 04:00 UTC.

Honk asserts there will be many more listings coming in the future as the community continues to expand and demand for it continues to rise.

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HONK Price Rally While BONK Fades

HONK price rallied over 800% after debut last month, but gave some gains. The price is still trading above 400% and trading at $0.01236. It hit a high of $0.02472 from the all-time low price of $0.002431.

Furthermore, the trading volume is rising daily, indicating a rise in interest among investors. Whereas, BONK price fell since HONK debut. The rally for BONK has now faded as other Solana-based meme coins take over the hype.

Also Read: Crypto Presale Projects For 2024 To Invest; Updated List

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
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