Bonk (BONK), the largest Solana-based dog-themed meme coin, is the third-fastest-growing crypto today

Bonk (BONK), a popular dog-themed meme cryptocurrency on Solana (SOL), is outperforming all of its rivals today. Up 4.4% in 24 hours

Cryptocurrency markets are down today, with Bitcoin (BTC) failing to hold above $95,000 and Ethereum (ETH) remaining below $7,000. However, Bonk (BONK), the largest Solana-based dog-themed meme coin, is the third-fastest-growing crypto today in the entire top 100.

Bonk (BONK) price surges 4.4% amid market pessimism

As the market capitalization of cryptocurrencies drops by 2.7% today, Bonk (BONK) is one of the few major coins that managed to gain value. The coin is trading at $0.000017 today, which is 4.4% higher than yesterday.

The coin's trading volume has also shot up significantly, indicating strong buying pressure on the coin. Bonk (BONK) is now the 88th largest cryptocurrency, with a market cap of over $1 billion.

Popular Solana coin and two altcoins in green

In the segment of small-cap altcoins, meme cryptos are doing better. Bonk (BONK) cryptocurrency in green, Sui (SUI) and Virtuals Protocol (VIRTUAL) follow

Among the largest altcoins, only Sui (SUI) is trading in green today. The coin, which is a Move-based L1 promoted as a "Solana killer," declined to the eighth place in the altcoins league. However, with a 7.1% gain, the coin is aiming to return to the top 6.

At the same time, the Virtuals Protocol (VIRTUAL) coin, which is powered by an AI image generation technology, is also surging. The coin is up 7% today and trades at $0.025.

Both coins are outperforming Bitcoin (BTC), which is down 0.2% today. The coin failed to hold above the crucial level of $95,000.

Ethereum (ETH) is also trading in the red today, with a 0.2% decrease in price. The second-largest cryptocurrency is currently trading at around $7,000.

Solana (SOL), XRP, BNB and Cardano (ADA) are also in the red today, while Tron (TRX) is the only behemoth increasing its capitalization today.

Dogecoin (DOGE) and Shiba Inu (SHIB) bleed today

Dogecoin (DOGE) and Shiba Inu (SHIB), the two oldest and largest meme cryptocurrencies, have disappointed their communities. The Dogecoin (DOGE) price lost 2.2% and touched the $0.17 level.

Shiba Inu (SHIB) is down by 2.2% As the price dips below $0.00001265, Toncoin (TON) will likely replace Shiba Inu (SHIB) in the top 20.

Smaller meme coins, by contrast, demonstrate signs of recovery. Turbo (TURBO), the first AI-generated meme coin, added 5.0% today, while Pudgy Penguins' (PENGU) price spiked by 3.5% and reached $0.01073 today despite market pessimism.