The cryptocurrency BONK, which is a meme coin on the Solana network, reached a new all-time high price of $0.000049 after launching a campaign to burn a significant portion of its tokens. Burning tokens reduces the supply and can potentially increase the price. Other meme coins, such as BRETT and MOG, also reached new highs without similar burning schemes. Several other meme coins, including GOAT and MOODENG, experienced price surges, along with popular meme coin Dogecoin, which reached a three-year high price of $0.43. Elon Musk's involvement with Dogecoin has been tied to its recent resurgence.



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