• Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK) have combined for $25.6 billion in trading volume in the past month.
• Dogecoin (DOGE) saw $17.5 billion in trading volume over the past month compared to SHIB’s $7.2 billion, while Bonk Inu (BONK) did $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.
Canine-inspired tokens have seen a surge in trading volume over the past month, with Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK) combining for a total of $25.6 billion. Although this is still a far cry from the total trading volume of leading crypto Bitcoin (BTC) which saw $618.7 billion in the same period, it is worth noting that these digital assets, which are inspired by dogs, still managed to garner considerable trading volume despite the current bearish market.
Dogecoin (DOGE) remains the top dog in this category, with a total trading volume of $17.5 billion over the past month. This is followed by Shiba Inu (SHIB), which saw around $7.2 billion in trading volume. Bonk Inu (BONK), which is based on Solana and launched on December 25th, is the least-known of the three and has done $885 million in trading volume since then.
The roller-coaster price trajectory of Bonk Inu has also inspired a non-fungible token (NFT) collection and induced a Solana price surge. This is yet another testament to the growing popularity of these canine-themed tokens.
With these tokens continuing to surge in trading volume, it will be interesting to see what the future holds for Dogecoin, Shiba Inu, and Bonk Inu. For now, it appears that the love for these furry friends is still strong, and their influence on the crypto market is only set to grow.