Solana meme coins Bonk ($BONK) and Dogwifhat ($WIF) are shrugging off this week’s decline in Bitcoin prices and surging higher as the meme frenzy continues into May. $BONK is up 19.5% in the past 24 hours, while $WIF is close behind with a 16% gain.
The massive gains in these coins signals that demand for meme tokens is as strong as ever, no matter what’s happening to Bitcoin, Ethereum, and other crypto majors. That bodes well for a hot new token called Dogeverse, which has nearly sold out its presale and is now preparing for a potentially explosive exchange listing.
Are $BONK and $WIF Taking Aim at New All-time Highs?
There was no clear catalyst behind the sudden bullish moves in $BONK and $WIF, leaving little warning that such large surges were coming. In fact, Solana is down 22% over the past month, suggesting that some of the fire has left the network. Some analysts have pointed to the US Federal Reserve announcing that it would leave interest rates unchanged, but this had relatively little impact on the price of Bitcoin or other major tokens.
However, it’s clear from yesterday’s price moves that traders are piling into meme coins once again. Trading volume in $BONK surpassed $550 million, compared to $300 million last week. Volume in $WIF is up to $600 million from $200 million last week.
While it’s too early to say whether these moves can be sustained, the extreme volume suggests that $BONK and $WIF could pump to new all-time highs. That would require a 50% upside move for $BONK and a 75% gain for $WIF.
That’s no small task, but it’s well within the realm of possibility for these two extremely popular meme coins. Recent rallies in $BONK and $WIF have accelerated rapidly, turning one-day surges into multiple weeks of exponential growth. So, traders need to keep an eye on these tokens to avoid missing out on additional gains.
Dogeverse Presale Raises $13 Million As Explosive Launch Gets Close
Traders in search of the next meme coin to surge will also want to keep an eye on Dogeverse, a presale crypto that could soon hold one of the biggest exchange listings of the year.
The Dogeverse presale raised more than $13 million in just a few weeks and is quickly closing in on its $17 million hard cap. It’s likely to sell out, leaving a huge amount of pent-up demand to send prices soaring when the $DOGEVERSE token hits exchanges.
$DOGEVERSE has attracted so much attention because it’s the first multi-chain doge meme coin. The token will launch simultaneously across Ethereum, Solana, Binance Smart Chain, Polygon, Base, and Avalanche. During the presale, investors can buy and claim $DOGEVERSE on any of these networks.
This multi-chain functionality offers instant utility for the $DOGEVERSE token. Token holders can use it to seamlessly bridge between networks with low gas fees, making it easier than ever to transfer value between blockchains. That has huge implications for DeFi and crypto trading, which is why the Dogeverse presale has attracted so much attention.
Traders can buy $DOGEVERSE during the presale now at a price of $0.000305, but there’s not much time to lose—the next price increase is just 18 hours away. To make the presale even more attractive, Dogeverse is offering staking rewards up to 85% APY on $DOGEVERSE tokens bought during the presale.
Don’t miss this chance to get in on one of the biggest meme coin launches of the year.
