Bonk Rockets 30% to Lead Dog Meme Rebound; Floki Termed ‘Utility Token’ by CFTC
Memecoins are known for their high volatility and tend to outperform major tokens during price rallies, serving as a leveraged bet Solana-based bonk (BONK) led growth among dog-themed memes Saturday as bitcoin staged a recovery rally to above $98,000, a day after Friday’s bloodbath that pushed it near $93,000. BONK surged 30%, CoinGecko data shows, with