BONK surges 50%, flips FLOKI in market cap, but key hurdles remain

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BONK has recorded a rapid ascent to become the fifth-largest memecoin, overtaking Floki Inu in market cap. What about FLOKI's price?

As the broader crypto market continues to navigate turbulent waters with an overall downturn, the memecoin sector is not immune to the volatility, experiencing a significant drop of 13.3% in 24 hours.

This growth has propelled BONK’s market valuation to $1.40 billion, enabling it to leapfrog over Floki Inu and secure its position as the fifth-largest memecoin in the market.

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