Solana (SOL)-based dog-themed meme asset Bonk (BONK) has surpassed rival Shiba Inu (SHIB) in daily trading volume as its price surges more than 40% in just 24 hours.
New data from crypto data aggregator CoinMarketCap reveals that its Dogecoin (DOGE) competitor has seen a staggering 71.8% increase in daily trading volume, bringing its total to approximately $311 million.
By comparison, Shiba Inu did seen 24-hour trading volume rose 29.6%, bringing the total to $232. million. Furthermore, the information shows that BONK has also seen a 58.7% spike in market capitalization, ranking it 68th as a digital asset.
Recently, US crypto exchange platform Coinbase announced that it will add the glowing meme coin to its roadmap for altcoin listings, warning traders that Coinbase could soon start supporting a specific digital asset.
Coinbase created the 2022 listing roadmap as a means to increase transparency and reduce the risk of investors getting ahead of themselves with new trading announcements.
Furthermore, Bonk recently announced the launch of BONKBot, a program that allows users to trade crypto assets via social media and chat platform Telegram.
“On the third day of BONKmas I gave my real dog: BONKbot! Trade easily with BONKbot on Telegram. This BONKmas, discover how BONKbot simplifies trading and managing your positions.”
Recently, crypto analyst Ali Martinez warned about BONK, saying a month-long correction for the meme asset could be in the works.
According to the strategist, a key indicator has reversed, indicating a sell signal.
BONK is trading at $0.000015 at the time of writing, up 49% over the last 24 hours and up over 400% since the last 30 days.
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Featured image: Shutterstock/Design Projects/Andy Chipus/karnoff/MrArtHit/Sensvector
