While the majority of meme coins are in decline, there are a few exceptions. For instance, Bonk Inu (BONK) has seen an increase of nearly 55% over the last two weeks, according to CoinMarketCap data. BONK now ranks as the 58th largest cryptocurrency, surpassing popular cryptocurrencies like Axie Infinity (AXS), The Sandbox (SAND), Aave (AAVE), and Algorand (ALGO).
It is also the second-largest meme coin on the Solana blockchain, trailing only Dogewifhat (WIF). The latter’s market value soared to nearly $5 billion at the end of March before dropping to around $2.4 billion. According to CoinMarketCap, the overall market capitalization of meme coins decreased by 8.4% in the last day to $45 billion.
