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BONK, one of the most popular memecoins on the Solana blockchain, signaled a bull run by rising 33 percent in the last 30 days.
The leading crypto Bitcoin's (BTC) rise to $68,000 has fueled altcoins. Many altcoins have seen gains of nearly 50% from their lows.
Memecoins have made a mark on the bullish market. The total market value of memecoins has risen from 38.19 billion dollars to 54.60 billion dollars in the last month. During the same period, the trading volume of memecoins has increased by nearly 300 percent.