Top 5 Meme Coins That Are Outperforming The Altcoin Rally

The altcoin market rally has been the talk of the crypto community lately and it has been with good reason. Amid this rapid rise of cryptocurrencies across the board, meme coins have been doing well.

Timeline of Harrypotterobamasonic10inu-eth, Bonk1, Corgiai, Dogelon, Memecoin

Solana (CRYPTO: SOL)-based meme coin BONK has gained significant traction in the last 24 hours, outperforming popular meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: BONK, launched on December 25, 2022, is Solana's first dog-inspired meme coin.

If you're looking for different avenues of generating money with crypto, let yourself be carried to financial freedom by the top 3 meme coins of the industry. Among the vast array of choices, PepeCoin (PEPE), Dogelon Mars (ELON), and Elonator (ETOR) take the spotlight, all fostering unique communities and offering immense potential.

Pepe has made headlines in the past few days after its parabolic move created many illiquid millionaires. The Pepe price soared to a high of $44.195e-8 on April 19 and then quickly erased some of those gains as some earlier buyers started liquidating their coins. Pepe was trading at $31.

The BONK token, a member of the Shiba Inu ecosystem, recently experienced a 6.2% price spike following an increase in Total Value Locked (TVL). This growth could be indicative of a broader recovery for the Shiba Inu ecosystem, which has faced challenges in recent times.

Lately, Solana [SOL] has registered a slight decline in fees, which indicated less user activity on the network. Not only that, but SOL's price action also favored the bears as its price went down by over 4.5% in the last 24 hours.

Solana-based meme coin sensation Bonk (BONK) has failed to keep up with its massive bullish momentum, with its price down 4.55% to $0.0000008447 over the past 24 hours. According to data from CoinMarketCap, BONK is down by more than 98% from its all-time high (ATH) attained barely a month ago.

Solana's (SOL) recent recovery after its FTX-fueled downfall has been nothing short of impressive, with staggering gains of 76.21% in the past month. 56.31% of those were in the last 2 weeks, and 28.53% in just the past week.

Last week, we witnessed a fervent frenzy surrounding the new Solana-based meme token, Bonk (BONK). Although we harbored hope that it would sustain its momentum, we couldn't help but suspect that it would eventually fizzle out, as is often the case with new meme tokens. Indeed, this phenomenon has occurred multiple times within the industry.

When allegations of possible fraud at Sam Bankman Fried's FTX cryptocurrency exchange, which was the world's second-largest at the time, first came to light, Solana's popularity took a nosedive. However, Solana discovered a technique to swiftly change the ecosystem's  PR. And that technique is the infant meme token Bonk (BONK).

The meme-inspired cryptocurrency that was recently launched on top of the Solana ($SOL) network, $BONK, has seen the team behind the project burn a total of 5 trillion tokens that were allocated to them, at a time in which the digital asset's price is dropping.