---
title: "Will BONK Flip Shiba Inu (SHIB)? Arthur Hayes Chips In"
url: https://diffcoin.com/will-bonk-flip-shiba-inu-shib-arthur-hayes-chips-in/
description: "BitMEX's co-founder hinted that BONK could become the second-largest memecoin."
published: 2023-12-18
updated: 2023-12-18
author: "Mila"
site: "Diffcoin"
---

# Will BONK Flip Shiba Inu (SHIB)? Arthur Hayes Chips In

**TL;DR**

1. **Arthur Hayes’ Highlight on BONK**: BitMEX co-founder Arthur Hayes praised Bonk Inu (BONK) on Twitter, suggesting it could surpass Shiba Inu. BONK’s market cap stands at about $1.2 billion, compared to SHIB’s nearly $6 billion.
2. **BONK’s Growth Factors**: ChatGPT indicates BONK could potentially overtake SHIB by building a strong community and maintaining hype. Its market cap recently reached over $2 billion.
3. **Key Drivers of BONK’s Surge**: BONK’s 600% price increase in 30 days could be linked to its association with Solana and listings on major exchanges like Binance and Coinbase.

## BONK’s Chances

The recent sensation in the cryptocurrency market – Bonk Inu (BONK) – seems to have caught the attention of Arthur Hayes (co-founder of crypto exchange BitMEX). He took it to X (Twitter) to praise the memecoin’s valuation performance by presenting a particular chart showing its rapid price swings.

Hayes went further, evisioning the Solana memecoin surpassing Shiba Inu and becoming the second-biggest digital asset of that type.

> Let’s do the damn thang.[$BONK](https://twitter.com/search?q=%24BONK&src=ctag&ref_src=twsrc%5Etfw) > [$SHIB](https://twitter.com/search?q=%24SHIB&src=ctag&ref_src=twsrc%5Etfw)
> 
> 🫡🫡🫡🫡🫡🫡 [pic.twitter.com/ZQB1WecBEl](https://t.co/ZQB1WecBEl)
> 
> — Arthur Hayes (@CryptoHayes) [December 17, 2023](https://twitter.com/CryptoHayes/status/1736532715615437190?ref_src=twsrc%5Etfw)

Despite its price explosion in the past several weeks, BONK’s current market capitalization of around $1.2 billion (per CoinGecko’s data) is far from SHIB’s almost $6 billion. However, the distance was not that huge a few days ago when the former’s market cap exceeded the $2 billion mark.

According to ChatGPT, BONK has a chance to flip Shiba Inu, but such an event depends on numerous factors. The AI-powered language model estimated that the Solana memecoin should build a solid community and match the one that SHIB has already established. It must also maintain the hype surrounding its name and perhaps receive endorsement by influential figures.

## What Stands Behind BONK’s Surge?

BONK has experienced a massive price increase of over 600% in the past 30 days, making it one of the top-performing assets in the entire realm. One element that could have prompted such a rally is the asset’s connection to Solana.

The latter has gone through a highly successful year (so far), jumping from a mere $10 on January 1 to almost $80 last week.

Another factor playing a role in BONK’s advancement could be the support from leading cryptocurrency exchanges. Recall that two of the biggest trading venues by market volume – Binance and Coinbase – listed the memecoin on their platforms.

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[Source link](https://cryptopotato.com/will-bonk-flip-shiba-inu-shib-arthur-hayes-chips-in/)