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Here come the DOGEs

Kanchanara / Unsplash

Make no mistake: the hype for dog themed sh*tcoins is not dying down – not even in the slightest.

  • Dogecoin, Shiba Inu and a new token called Bonk, accounted for $25bn worth of trading volume over the past month – demonstrating that dog-themed coins are very much still in vogue. Shiba Inu also has its upcoming Shibarium network, causing increased volume in the token.
  • Perhaps most impressively, Bonk (a new Solana-based memecoin) managed $7.2bn in trading volume, despite the project only having launched a month ago. The success has caused Solana’s native token SOL to rally by over 112% since the start of the year.
  • Dogecoin remains the most popular dog-themed coin by far – representing $17.5bn worth of trading volume over the past month. Despite the impressive volume however, DOGE is still down by over 75% since its all-time high in May 2021.