BONK receives CoinMarketCap's "Meme Coin of the Year" award

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CoinMarketCap revealed on Mar. 6 the victors of the “CMC Crypto Awards 2024” and gave the “Meme Coin of the Year” to Solana’s BONK. The meme coin registered its all-time high on Mar. 4, after rising 232% in seven days. Since its inception, BONK has risen by almost 36,700%.

The event recognizes the most valuable contributors to the crypto and Web3 spheres. The winners were chosen after a process involving online public voting, expert analysis, and committee deliberations.

Solana took home the “Crypto of the Year” award, while BlackRock was named “Bridge Builder of the Year”, and ZachXBT was spotlighted as the “Social Influencer to Watch”. In the realm of innovation, Celestia was recognized for its work on L1/L2/Cross-Chain projects, Pudgy Penguins for NFT & Gaming, and Uniswap for DeFi.

“It was impossible to pick just one winner,” said Rush Luton, CEO of CoinMarketCap. “All five of the nominees have contributed so much over the last 12 months but in very different ways and we wanted to recognize all their tremendous efforts to move the industry forward.”

The highlight was the unprecedented decision to share the “Crypto Leader Of The Year Award” among all nominees. Vitalik Buterin, Ryan Selkis, Brian Armstrong, CZ, and Julia Leung were jointly celebrated for their significant contributions to the industry.

“We’ve been overwhelmed by positive feedback from both our users and the industry,” said Jonathan Isaac, CMO of CoinMarketCap. “We’re excited to make the CMC Crypto Awards even bigger and with the market looking so bullish, it’s thrilling to imagine the stories we’ll be celebrating next year.”

The event featured insights from industry experts like Raoul Pal and Rush Luton, reflecting on a tumultuous yet resurgent year for crypto. The positive reception of the Awards Ceremony has spurred CoinMarketCap to envision an even grander event for the following year, as shared by Jonathan Isaac, CMO of CoinMarketCap.

The CMC Crypto Awards got the support of players such as BingX, Animoca Brands, and Binance, as a sign of the crypto community’s resilience and promise.

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