Bittime - Meme coin Pepe (PEPE) vs Bonk (BONK) is unique, both in terms of origin, price performance and ecosystem.
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However, which one has more potential for you to hold in ? Read this article to find out more!
For comparing Pepe (PEPE) vs Bonk (BONK), you must first know the origins of these two meme coins.
Baby (BABY) inspired by the character Pepe the Frog, who first appeared in the comic "Boy's Club" in and became popular on platforms such as MySpace and 4chan in .
Since , various Pepe the Frog-based tokens have begun to emerge, but only PEPE has managed to reach a market capitalization of more than $1 billion.
Meanwhile, Bonk (BONK) inspired by the meme of a Shiba Inu being hit by a baseball bat with a "bonk" sound. This meme has been popular since and the BONK token was launched in December on the Solana network.
Read Also: Pepe (PEPE) vs Book of Meme (BOME): Comparison of the Most Unique Meme Coins
Next, to compare Pepe (PEPE) vs Bonk (BONK), let's look at the price performance of these two meme coins. Pepe (PEPE) launched in April at $0. and peaked at $0. in May .
Even though it has fallen 45% from its high, PEPE has still recorded a gain of 4,686% since launch. With a market capitalization of $3.8 billion, PEPE is the third largest meme coin after DOGE and SHIB.
Meanwhile, Bonk (BONK) started its journey at $0. and shot up to $0. in March , bringing returns of up to 28,000% to its initial holders.
Currently, the price is down 55% from its peak, but still registers an increase of 19,024% from the initial price. BONK's market cap currently stands at around $1.4 billion.
Read Also: Pepe Coin (PEPE) Price Prediction : How much can it increase by the end of the year?
To compare Pepe (PEPE) vs Bonk (BONK), let's also look at the tokenomics of these two meme coins.
Pepe (PEPE) has a total supply of 420.69 trillion tokens, with 93.1% allocated to liquidity and 6.9% to CEX. PEPE distribution is more decentralized, with the 5 largest wallets holding only 38% of the total supply.
Meanwhile, Bonk (BONK) has a total supply of 1 trillion tokens allocated to community incentives (40%), marketing (30%), liquidity (20%), and team (10%).
The BONK token also has a token burn mechanism to reduce supply and increase value. However, BONK distribution is relatively centralized, with the 5 largest wallets holding 57% of the supply.
Read Also: BOME Price Prediction -: Can $0.27 Target Be Achieved?
Next, to compare Pepe (PEPE) vs Bonk (BONK), let's also look at the ecosystem and utility of these two meme coins.
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Pepe Ecosystem (BABY) more limited, with several NFT marketplaces such as OpenSea and Rarible accepting these tokens as a means of payment.
PEPE can bridge between Ethereum, Arbitrum, and BNB, but supports less interoperability than BONK.
In contrast, Bonk (BONK) has a broad ecosystem, including NFT marketplaces such as Solanart and Magic Eden, and is used as a means of payment in various games and applications such as BonkVerse and Moonwalk.
The BONK token also bridges 10 other blockchains, including Ethereum, BNB, and Polygon, and strongly supports interoperability.
Read Also: Top 5 Meme Coins Worth Buying at the End of
So, based on the comparison between Pepe (PEPE) vs Bonk (BONK) above, which one should you hold in ?
Pepe (PEPE) offers better decentralization and a larger market capitalization, while Bonk (BONK) excels in a broader ecosystem and diversified utilities.
If you are looking for a meme coin with the potential for wide adoption and a growing ecosystem, BONK may be more interesting. However, if decentralization and community loyalty are your priorities, PEPE could be a better choice.
Read Also: 5 Best Meme Coins on the SUI Network
Meme coins are a type of crypto asset inspired by viral memes on the internet.
Meme coin is a crypto asset with high volatility so it is suitable or good for investors who hope for short-term profits.
There are several meme coins that have now reached the $1 level, such as Popcat (POPCAT), Dogwifhat (WIF), and Peanut the Squirrel (PNUT).
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Katya V., BONK vs PEPE: Frogs or Dogs?, accessed December 27, .
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