The crypto market is super volatile, especially for meme coins. But even with the ups and downs, one Solana-based meme coin, BONK, is seeing some serious buying activity.
Smart Money is Betting on BONK
According to The Solana Post, BONK is a hot commodity among “smart money” investors – those who tend to pick winners early. Data from Stalk Chain shows BONK has attracted the most smart money investment among Solana meme coins. Over three days, these investors poured over $500,000 into BONK, significantly outpacing other Solana meme coins like POPCAT, WIF, and PENGU. BONK’s total buy-in was nearly $600,000, while the others were well below that. This suggests smart money is anticipating a price increase for BONK.
Solana Meme Coins Outperforming the Big Dogs
Interestingly, Solana meme coins like BONK are currently outperforming Dogecoin and Shiba Inu. In the past month, BONK has surged over 40%, while others like POPCAT are up 43% and FARTCOIN is up 32%. Dogwifhat has even doubled in price, rising over 100%. Compare that to Dogecoin’s 25.55% monthly increase and Shiba Inu’s meager 7.6% gain, and it’s clear Solana meme coins are making a statement.
