The meme coin Bonk has seen a surge in value, surpassing $3.9 billion, as its price rose by nearly 7% to $0.00005269. This increase in price has led to Bonk overtaking Solana's Dogwifhat (WIF) in market value, which has fallen 5% to $3.29. Bonk had previously hit a new all-time high price of $0.000057. The Bonk ecosystem consists of community-led projects, such as BONKbot and BONKSwap, and recently embraced an initiative called BURNmas, which aims to burn a portion of Bonk tokens to increase scarcity and potentially raise the price. In contrast, WIF's price rally to $4.29 on Coinbase has not yet surpassed its all-time high price of $4.58. Solana's overall price has been on the rise and reached $240, increasing by 50% since the US election. However, it still remains 7.6% below its all-time high price of $259. Ethereum, in comparison, is 36% below its 2021 peak of $4,878.



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