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Solana’s Doge-Themed BONK Drops 54% After Bonkers 3,300% Gains

Meme coins and tokens are famously volatile, surging and falling based on things like social media sentiment—as seen in many past occasions with Elon Musk and Dogecoin. Now BONK, a Solana-based, dog-themed token, is experiencing that same kind of turbulent momentum, falling by over half today after ascending to an all-time high price overnight.

BONK has surged over the past week, fueled by Solana developers and aficionados that are embracing the jokey vibe and memey nature after months of declining value for SOL and dour vibes around the ecosystem. On Wednesday and into early Thursday, the token more than tripled in price, peaking at $0.00000487 per data from CoinGecko.

But Wednesday’s rise has given way to a sharp Thursday fall, with the token dipping as low as $0.00000223 this morning—a 54% drop in less than 11 hours.

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