Solana-Based Memecoin Ponke Hits New All-Time High

Ponke, a Solana-based memecoin, has attained a new all-time high (ATH) of $0.7 amid an overall crypto market bullish trend. With a current market capitalization of over $340 million, the memecoin has cemented its stance among the top 20 memecoins in the industry.

What is PONKE?

Built on the Solana mainnet in December 2023, the PONKE memecoin blends a monkey and the famous Pepe the Frog mascot. This whimsical meme token is described as a degenerate gambler with anger issues. PONKE brings its community together through frequent memes and vibes saturated in its ecosystem. The Solana memecoin has a total supply of 555 million tokens.

Since its debut, the project has been listed on prominent crypto exchanges, such as Bybit, OKX, CryptoCom, Gate.io, HTX, Bitget, and more.

PONKE Breaks New Price Peak

Often, a cryptocurrency sees an all-time high when there is massive engagement with the asset or its ecosystem. In PONKE’s case, several factors contributed to its surge. Hours ago, the Solana-based memecoin was listed on Bitvavo, a Netherlands-based crypto exchange boasting over 1.5 million active users. The country’s sovereign bank also licenses the exchange, strengthening its legal compliance with local regulations.

Another key driver in PONKE’s new all-time high was its recent listing on the GMCI Top 30 Index, a crypto market index tracking prominent digital assets like Bitcoin and Ethereum. Including PONKE on its bandwagon represented a bet on the memecoin’s long-term sustenance as an investment option.

Although PONKE touched a new price height, its current price has rebounded to $0.683, representing a 6.7% increase within 24 hours.

Aside from PONKE, other Solana memecoins have recently recorded notable increases. For example, the leading Solana-based memecoin Dogwifhat (WIF) saw a 59.6% increase within the past week to a trading price of $2.5. BONK, the second-highest Solana meme token, jumped by 15% within 24 hours to a trading price of $0.00003045. Other meme tokens in the layer-1 blockchain have seen similar price uptrends.