Dogecoin-rival Bonk sees explosive growth to post 380% gains since the start of the new year.

Buoyant price performance pushed the token to a new all-time high of $0.000000972799 in the early hours (UTC) of Jan. 3.

Scant details are available on the token. For example, the whitepaper appears unlinked on the website as of press time, and CoinMarketCap shows little background information on the project.

However, since trading opened on Dec. 29, BONK has recorded 653% gains. Similarly, trading volume has snowballed over the last 24 hours, growing more than 1,800% to over $5 million.

(By Samuel Wan)