The meme coin market has pulled a stunning reversal with BONK up nearly 80% in the last 30 days.

The meme coin market has pulled a stunning reversal with BONK up nearly 80% in the last 30 days. Capital is moving back into meme coins as smart investors start to risk on again, and the impulse into memes is a broader signal that an alt season is brewing. Here are the best cryptos to buy now as BONK explodes 80% in a Solana frenzy.

Image: Unnamed on Twitter

One of the dog-themed tokens on Solana, bonk inu (BONK), could be one to watch for in the coming weeks. A new token issuance platform has launched, and it will be using part of its fees to buy the token.

Mainstream media is also reporting on the meme coin action.

Crypto Story: Bonk Token Explodes 80% in 30 Days as Capital Surges Back Into Meme Coins

"It signals a regime shift as investors rotate capital into risk assets with asymmetric potential. Judging by the explosion of Open Interest — up nearly 290% — investors are taking aggressive, leveraged bets on further continuation."

Signals an alt season is brewing as capital returns to memes. Best cryptos to buy now:

• BPEP: Bitcoin Pepe Kickstarts Ancillary Chain

• PEPX: Nasdaq Of Ideas

• CartelFi: Potentially largest beneficiary from BONK surge

This post was originally published on Benzinga and has been modified from its original form.

The meme coin market has pulled a stunning reversal with BONK up nearly 80% in the last 30 days. Capital is moving back into meme coins as smart investors start to risk on again, and the impulse into memes is a broader signal that an alt season is brewing.

Here are the best cryptos to buy now as BONK explodes 80% in a Solana frenzy.

"If it doesn't reject here I think it's gonna double in price pretty fast"

$BONK still going strong.

If it doesn't reject here I think it's gonna double in price pretty fast. pic.twitter.com/bend8Aj8AV

— Plan C (@PlanC_Crypto) March 7, 2023

Why BONK surging signals a regime shift

Investors are rotating capital into risk assets with asymmetric potential, and judging by the explosion of Open Interest — up nearly 290% — investors are taking aggressive, leveraged bets on further continuation.

Popular meme coins trending upwards have historically acted as ‘canaries in the coal mine’ for a market-wide altcoin rally. The initial liquidity surge creates a gravitational pull drawing attention and capital into smaller-cap projects.

Source: TradingView

Social frenzy ignites further meme coin rally

The consensus is that ATHs will arrive faster than anyone can imagine. BONK has already flipped key levels denoted by the EMA Ribbons, sending a clear technical message that momentum has changed and bulls are in charge.

Liquidity begets liquidity, and BONK’s surge has brought fresh capital into the Solana ecosystem and altcoin markets, driving a reflexive flywheel — the more prices increase, the more capital becomes available as more investors want to join the party.

BONK's social dominance spiked more than 500% in six days, amplifying FOMO with KOLs and influencers driving more demand into meme coins.

Now is the time to pay attention because BONK pumping is the primer. This momentum suggests that this sentiment will spill out into alts more generally, and these are the best cryptos to buy now, yet to pump.

Bitcoin Pepe: Bitcoin's role reimagined

Bitcoin Pepe has been crushing its presale, with over $7.3m raised, and investors are scrambling to get into the world’s first meme-centric Bitcoin Layer 2.

This is boomer-grade security meets meme mania, and the explosive meme coin action from BONK and other trending meme coins is clearly spilling over into infrastructure plays.

Bitcoin Pepe asks a simple question: What if Bitcoin’s $2 trillion dormant liquidity became the fuel for crypto’s most explosive asset class?

Until now, Bitcoin, the OG blockchain, has remained sidelined from the joys of meme coin trading. Ethereum had its turn last cycle, and Solana is having its turn this cycle. BPEP is a bet that merging Bitcoin’s security and capital with the frenetic energy of meme coins will unlock an experience unlike anything markets have ever seen.

Meme coins thrive on liquidity and speed, but prior Bitcoin-based attempts have failed due to clunky user experiences. Bitcoin Pepe’s L2 solves this with near-instant settlements and nearly invisible fees, creating a seamless bridge between BTC capital and the velocity of meme culture.

Still available for $0.031, this native L2 and gas token