Cryptocurrency BONK grew by 607% in a week

Bonk Inu (BONK), an analog of the Shiba Inu token on the Solana blockchain, has risen in price by more than 600% over the past seven days.

According to CoinMarketCap, BONK was launched last year on December 25. The coin was especially popular after the cryptocurrency rose in price by almost 2000% in a week. During this time, BONK has managed to attract 116,000 investors and burned through about 6% of its total market supply of 100 trillion tokens.

The activity around the new token has excited the Solana ecosystem so much that even the blockchain’s native token, SOL, managed to break through the $ 10 support level and grow by 35.7% over the past week.

The price of BONK has demonstrated a 1700% growth over the entire period of its existence, and at the moment the token is holding at $ 0.2, while the historical maximum has reached $ 0.5. The coin has already been listed on small and medium-sized cryptocurrency exchanges, but is not yet represented by the largest market players.