CandleFocus

Here’s why Bonk and Happy Cat prices have gone parabolic

Author: Content Editor
The Solana meme coins Bonk, Happy Cat, and Peanut the Squirrel had significant gains on November 13. Peanut the Squirrel (PNUT) saw a 300% surge in the last 24 hours, reaching a market cap of over $1.6 billion. Bonk (BONK) and Happy Cat (HAPPY) also experienced jumps of 33% and 41% respectively, with valuations of $2.6 billion and $113 million. The surge in these coins was influenced by the publication of the U.S. October inflation numbers meeting analyst forecasts. Additionally, the ongoing cryptocurrency rally, with Bitcoin (BTC) hovering around $90,000, contributed to the increase in Bonk and Happy Cat prices. Meme coins often perform well during Bitcoin bull runs due to their cheaper prices. The volume of these meme coins is also increasing, with Bonk reaching a 24-hour volume of $2.8 billion and Happy Cat exceeding $25 million. Investors anticipate further growth, especially considering the recent election of Donald Trump, who has promised crypto-friendly regulations to transform the U.S. into the crypto capital of the world.

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