According to Dune data, a Telegram trading bot named BonkBot, which assists Solana in trading memecoins, has exceeded the $250 million daily trading volume mark, exceeding Coinbase’s Base chain by $212 million each day.
With a concentration on Solana’s meme coin BONK, the trading bot BonkBot has collected an impressive $251 million in daily trading volume, resulting in high costs. Even still, there are still concerns with the BONK coin. It fell by 21% to $0.0000204, but has since recovered and is now trading at $0.00002124.
BONK was originally intended to enhance Solana’s environment by gathering local support and restoring optimism in the aftermath of FTX’s collapse. BonkBot’s growth trajectory seeks to outperform Thorchain’s $307 million trading volume, according to DefiLlama statistics.
The growing popularity of the BonkBot trading bot and BONK token demonstrates how volatile but potentially profitable meme currencies are in the Solana ecosystem, revealing both future opportunities and challenges.
