This week, all eyes are on the latest meme token — BONK (CRYPTO: BONK), a dog-themed cryptocurrency that's already outshining Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

What Happened: BONK is up 80% in the last 24 hours, trading at $0.000001267, at the time of writing.

In recent days, much of the discussion and hype in the Solana (CRYPTO: SOL) environment has centered around the emergence of BONK, a token based on the Solana blockchain.

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BONK's launch in late December included a generous airdrop of free tokens to Solana developers and NFT collectors, along with those in LamportDAO, a hub for Solana developers and NFT owners from projects including DeGods and Famous Fox Federation. 

Over 100 trillion BONK tokens have been created, with 50% airdropped to developers, NFT owners, creators and artists, and the remaining portion vested into special contribution contracts for BONK.

Price Action: At the time of writing, DOGE was trading at $0.07208 up 0.87% in the past 24 hours, according to Benzinga Pro.

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