Bonk (BONK) has surpassed Dogwifhat (WIF) to become the most valuable Solana meme coin by market capitalization. This achievement was aided by the announcement that 1 trillion BONK tokens will be burned on Christmas Day. Additionally, BONK experienced a significant price surge, with a gain of 28% in the last 24 hours. The increase in social dominance for BONK suggests that its market cap and price may continue to climb. Currently priced at around $0.000050, BONK's bulls are gaining momentum, potentially driving the price higher to $0.000055. However, if the meme coin becomes overbought, a pullback toward $0.000030 could occur.



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