Amid the Spot Bitcoin ETF approval frenzy, memecoin Bonk BONK/USD catapulted 19.5% higher in the last 24 hours. This week, a trader who had previously made millions from betting on Bonk has again invested in the memecoin.

What Happened: Bonk skyrocketed 19.5% over the last 24 hours, taking its seven-day gains to over 30%. That contrasts the performance of other memecoins, such as Dogecoin DOGE/USD, which is up only 8% on the day and almost flat on the week (+0.2%), and Shiba Inu SHIB/USD, up 7.5% on the day. 

Interest in BONK is backed by notably higher a 24-hour trading volume of $592 million compared to $338 million in SHIB over the same timeframe

Also Read: Solana-Based Meme Coin…

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