• Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK) have collectively accounted for $25.6 billion in trading volume within the past month.
• Dogecoin saw $17.5 billion in trading volume over the past month compared to SHIB’s $7.2 billion, while Bonk Inu has done $885 million in trading volume since its December 25th launch.
• Bonk Inu’s roller-coaster price trajectory has also inspired a non-fungible token (NFT) collection and induced a Solana price surge.
Recently, canine-inspired tokens, such as Dogecoin and Shiba Inu, have made headlines due to their impressive monthly trading volume. Over the past month, Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK) have collectively accounted for a whopping $25.6 billion in trading volume. This figure is especially impressive when compared to the leading crypto Bitcoin (BTC), which has accounted for $618.7 billion in trading volume over the same period.
Dogecoin is the clear leader in the canine-themed tokens, making up for $17.5 billion of the total trading volume. SHIB follows closely behind, with $7.2 billion in trading volume. Despite being the least-known of the trio, Bonk Inu has seen impressive growth since its launch on December 25th, accounting for $885 million in trading volume.
The success of Bonk Inu, in particular, has inspired a non-fungible token (NFT) collection, and has triggered a surge in the price of the Solana blockchain. This surge has been beneficial to traders and investors, as well as the companies that are building on the Solana blockchain. Overall, the impressive performance of the canine-themed tokens has demonstrated their popularity and potential.