Solana Meme Coins BONK and Dogwifhat Experience Dramatic Market Movements

Despite a recent plunge, BONK maintains a strong market cap while newcomer Dogwifhat sees a 2000% surge in less than a month.

Solana-based meme coin BONK has experienced a substantial drop of nearly 44% after hitting an all-time high last week, but is still up 56% over the last seven days.
Despite the recent dip, BONK maintains a market cap of $1.17 billion, making it the 60th largest cryptocurrency and the third-largest dog-themed coin after Dogecoin and Shiba Inu.
Another Solana-based meme coin, Dogwifhat (WIF), has seen its value skyrocket over 2000% in less than a month, outperforming BONK.
Dogwifhat has also influenced the NFT market on the Solana network, with a collection of 550 Dogwifhat Solana NFTs launched this month seeing a significant increase in value.
A crypto trader turned $226,000 into over $1.6 million in five days by investing in Dogwifhat tokens.