Solana-based meme coins BONK and BILLY have experienced significant price increases despite a broader market downturn. BONK surged by 25% in the past 24 hours, reaching a market cap of $1.7 billion and becoming the fifth-largest meme coin. BILLY, a newer meme coin, saw a 40% increase, with its market cap approaching $200 million. These gains come as the overall crypto market faces a slight decline, with Bitcoin and Ethereum showing modest losses.Read more on Decrypt