• Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK) have collectively accounted for $25.6 billion in trading volume within the past month.
• Dogecoin saw $17.5 billion in trading volume over the past month compared to SHIB’s $7.2 billion.
• Bonk Inu’s roller-coaster price trajectory has also inspired a non-fungible token (NFT) collection and induced a Solana price surge.
Dogecoin, Shiba Inu, and Bonk Inu have become the talk of the town over the past month. The three cryptocurrency tokens have seen an unprecedented surge in trading volume, with the trio combining for an impressive $25.6 billion in monthly trading volume.
Dogecoin has been leading the pack, accounting for $17.5 billion in trading volume in the same period. This comes as no surprise, as Dogecoin has been at the forefront of the cryptocurrency boom and has been steadily gaining traction since it first launched in 2013. Its popularity has led to numerous partnerships and collaborations, most notably with the NBA’s Dallas Mavericks and Tesla CEO Elon Musk.
Meanwhile, Shiba Inu has been steadily gaining popularity as well, with the token seeing $7.2 billion in trading volume over the same period. Shiba Inu is an Ethereum-based token that was launched with the goal of becoming the „Dogecoin Killer,“ and it has certainly come a long way since its launch in 2020. The token has seen numerous developments and partnerships, including with the NBA’s Toronto Raptors and the world’s largest cryptocurrency exchange, Binance.
Lastly, Bonk Inu has also seen a surge in trading volume in the past month, having done $885 million in trading volume since its December 25th launch. Bonk Inu is a Solana-based token that has been on a wild ride since its launch. The token’s roller-coaster price trajectory has inspired a non-fungible token (NFT) collection, and its popularity has induced a Solana price surge.
It is clear to see that canine-inspired tokens have become very popular within the cryptocurrency space, and it will be interesting to see where they go in the coming months. With the amount of trading volume they have seen in the past month, it is safe to say that these tokens are here to stay.