A sudden surge in yet another dog-themed cryptocurrency has turned the memecoin into the hottest topic in the digital-asset world.
Bonk inu, created by anonymous developers as a joke after the collapse of the FTX exchange and its sister trading firm Alameda Research, has soared by nearly 1,000% in the past month, giving it a $1.7 billion market capitalization, according to data from CoinGecko. The token, up more than 60% on Friday, still trades at just a faction of a cent.
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