Telegram BonkBot Surpasses Coinbase with $250M Daily Volume

BonkBot achieves $251M daily trades for Solana's BONK but faces hurdles as the token drops 21% to $0.0000204.

A Telegram trading bot, BonkBot, facilitating Solana’s memecoin trading, has surged past the $250 million daily trading volume, outpacing Coinbase’s Base chain with $212 million daily volume, according to data from Dune.

BonkBot Trading Volume Chart | Source: Dune

The trading bot, BonkBot, dedicated to Solana’s meme coin BONK, has achieved an impressive $251 million daily trading volume, generating substantial fees. However, despite its success, the BONK token faces challenges, experiencing a 21% drop to $0.0000204 but has since recovered and is trading at $0.00002124.

Originally conceived post-FTX’s collapse, BONK aims to uplift Solana’s ecosystem, garnering community support and boosting optimism. As per DefiLlama data, BonkBot’s growth trajectory sets sights on surpassing Thorchain’s $307 million trading volume.

The surge of the BonkBot trading bot and BONK token highlights the volatile yet promising nature of meme coins within the Solana ecosystem, signaling both opportunities and challenges ahead.

Also Read: Toncoin Price Jumps 31% to 2-Year High Ahead of Telegram IPO

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