BONK Market Cap Flips WIF Ahead of 1 Trillion Token Burn by Christmas

BE[IN]CRYPTO11-18

Bonk (BONK) becomes Solana's top meme coin, surpassing Dogwifhat (WIF) with a $3.77B market cap after a 28% price surge. The BONK DAO announcement to burn 1 trillion tokens by Christmas Day increased ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBONK Market Cap Flips WIF Ahead of 1 Trillion Token Burn by Christmas\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-18 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/bonk-market-cap-flips-wif/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bonk (BONK) becomes Solana's top meme coin, surpassing Dogwifhat (WIF) with a $3.77B market cap after a 28% price surge.\nThe BONK DAO announcement to burn 1 trillion tokens by Christmas Day increased ...</p>\n\n<a href=\"https://beincrypto.com/bonk-market-cap-flips-wif/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4506","symbol_name":"内地教育股","start_time":0,"source_url":"https://beincrypto.com/bonk-market-cap-flips-wif/","article_id":"2484658083","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/03/bic_BONK_4-covers_bearish-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484658083","pubTimestamp":1731859200,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Bonk  becomes Solana's top meme coin, surpassing Dogwifhat  with a $3.77B market cap after a 28% price surge.The BONK DAO announcement to burn 1 trillion tokens by Christmas Day increased scarcity, fueling its price and market cap rise.Bullish momentum could push BONK to $0.000055, but overbought conditions might cause a pullback to $0.000030.Bonk  has officially become the most valuable Solana meme coin by market capitalization, surpassing Dogwifhat  earlier today. This milestone follows the recent announcement by BONK’s Decentralized Autonomous Organization , revealing plans to burn 1 trillion tokens on Christmas Day.Bonk Overtakes dogwifhat, Becomes Most Valuable Solana Meme Coin. Five days ago, BeInCrypto reported that BONK was the only Solana meme coin with a positive return in the top 100. While it is not the only one in the last 24 hours, it had the highest gain — climbing by 28%.This price increase ensured that Bonk’s market cap flipped to WIF’s. At press time, Bonk’s market ca","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4506":"内地教育股","BBP":"Virtus LifeSci Biotech Products ETF","BK4204":"教育服务","DAO":"有道","BK4510":"在线教育"},"translate_title":"圣诞节前，BONK市值翻转WIF 1万亿代币燃烧","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBP":1,"DAO":1},"content_text":"Bonk (BONK) becomes Solana's top meme coin, surpassing Dogwifhat (WIF) with a $3.77B market cap after a 28% price surge.\nThe BONK DAO announcement to burn 1 trillion tokens by Christmas Day increased scarcity, fueling its price and market cap rise.\nBullish momentum could push BONK to $0.000055, but overbought conditions might cause a pullback to $0.000030.\n\nBonk (BONK) has officially become the most valuable Solana meme coin by market capitalization, surpassing Dogwifhat (WIF) earlier today. This milestone follows the recent announcement by BONK’s Decentralized Autonomous Organization (DAO), revealing plans to burn 1 trillion tokens on Christmas Day.\nWhile this strategic move helped fuel the shift, BONK’s price surge also contributed significantly to its rise. But the question remains: can this meme coin hold onto its newly found position?\nBonk Overtakes dogwifhat, Becomes Most Valuable Solana Meme Coin\nFive days ago, BeInCrypto reported that BONK was the only Solana meme coin with a positive return in the top 100. While it is not the only one in the last 24 hours, it had the highest gain — climbing by 28%.\nThis price increase ensured that Bonk’s market cap flipped to WIF’s. At press time, Bonk’s market cap is $3.77 billion, while WIF’s is $3.76 billion.\nAccording to our findings, BONK DAO’s announcement on November 15 that it plans to buy 1 trillion tokens by December 25 contributed to the hike. Typically, sending tokens to a burn address removes them from circulation, effectively locking them away and making them untradeable. \nBonk Market Cap. Source: Santiment \nThis process reduces the overall supply, which can increase the scarcity of the remaining tokens in circulation, potentially driving up their price. \nAmid this development, Bonk’s social dominance climbed to 1.52%.  Social dominance measures how much attention a cryptocurrency garners compared to others. A high score signals strong community visibility, reflecting heightened interest and engagement within the market.\nA low social dominance, on the flip side, indicates that there are fewer discussions about cryptocurrency. Generally, low social dominance is bearish. Therefore, the hike in the meme coin’s social dominance suggests that the Solana meme coin’s market cap and price might continue to climb.\nBonk Social Dominance. Source: Santiment \nBONK Price Prediction: Uptrend Not Over\nBONK’s price currently hovers around $0.000050, supported by strong buying pressure. The daily chart reveals a significant increase in the Bull Bear Power (BBP) indicator, which measures the strength of buyers versus sellers.\nA declining BBP suggests bearish dominance and potential price drops. However, in this case, the rising reading indicates that BONK bulls are gaining momentum, potentially driving the price higher.\nBonk Daily Analysis. Source: TradingView\nIf this trend continues, BONK’s price could climb to $0.000055. Conversely, if the meme coin becomes overbought, the uptrend might stall, leading to a potential pullback toward $0.000030.\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\nBitpanda\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nBYDFi\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nBitpanda\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484658083"}