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The Solana-based memecoin Bonk (BONK) surged over 30% on Saturday, spearheading a broader rally in dog-themed meme tokens.

2025-01-05

This significant price jump coincided with Bitcoin's recovery above $98,000, following a sharp downturn on Friday. The increased interest in BONK is further fueled by community-driven initiatives designed to reduce the circulating token supply, a factor historically correlated with price appreciation.

Memecoins, known for their volatility, often exhibit outsized gains during market uptrends, offering leveraged exposure for investors.

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