Canines Take Crypto World by Storm: $25.6B in Trading Volume for Doge, SHIB, and BONK
• 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.
• The three digital assets still managed considerable trading volume despite their recent roller-coaster price trajectories, inspiring a non-fungible token (NFT) collection and inducing a Solana price surge.
Dogecoin, Shiba Inu, and Bonk Inu have recently achieved a considerable milestone, with the three canine-inspired digital currencies having a collective trading volume of $25.6 billion over the past month. Of the three, Dogecoin had the highest trading volume, with $17.5 billion traded over the past month. This was followed by Shiba Inu, with $7.2 billion in trading volume, and Bonk Inu, which has done $885 million since its December 25th launch.
The trading volume is even more remarkable given the roller-coaster price trajectories of the three digital assets in recent months. Despite the volatility, the three digital currencies have managed to remain popular, inspiring a non-fungible token (NFT) collection and inducing a Solana price surge. Dogecoin, for example, has seen its price rise from around $0.05 in mid-January to $0.43 at its recent peak, before settling at around $0.34.
Shiba Inu has also seen its price go on a wild ride since its launch in May 2021. The token started trading at around $0.00008, before shooting up to over $0.00006 in late May, before plunging to around $0.000003 in mid-June. It has since recovered to around $0.00002. Bonk Inu has also seen its price rally from around $0.00009 at the end of December to $0.00014 in early January, before dropping back to around $0.00004 at the time of writing.
Overall, the impressive trading volume of Dogecoin, Shiba Inu, and Bonk Inu highlights the popularity of these canine-inspired tokens and their potential to continue making an impact in the cryptocurrency space. With the recent surge in interest in non-fungible tokens (NFTs) and the emergence of the Solana blockchain, it will be interesting to see how these tokens continue to evolve in the coming months.