The price of the dog-themed meme asset Bonk (BONK), based on the Solana (SOL) blockchain, has risen over 40% within a span of 24 hours. This impressive surge in price has also propelled Bonk's daily trading volume past that of its competitor, Shiba Inu (SHIB).
According to recent data from CoinMarketCap, the competitor of Dogecoin (DOGE) has experienced an astonishing 71.8% surge in its daily trading volume. This surge has resulted in a total trading volume of approximately $311 million for the cryptocurrency.
In contrast, Shiba Inu (SHIB) has witnessed a 29.6% increase in its 24-hour trading volume, reaching a total of $232 million. Additionally, the data reveals that BONK has experienced an impressive 58.7% surge in market capitalization, propelling it to the 68th position among digital assets.
Recently, top-US-based crypto exchange platform Coinbase announced that it will be adding the red-hot meme coin to its altcoin listing roadmap, which alerts traders that Coinbase could soon start supporting a specific digital asset.
To enhance transparency and mitigate the risk of investors front-running trading announcements, Coinbase implemented the listing roadmap in 2022. This roadmap serves as a mechanism for increased visibility and allows investors to better anticipate and respond to new listing announcements.
Bonk also recently announced they have launched BONKBot, enabling users to trade crypto assets on Telegram.
"On the third day of BONKmas, my true dog gave to me: BONKbot! Trade with ease using BONKbot on Telegram. This BONKmas, discover how BONKbot simplifies trading and managing your positions.”
Crypto analyst Ali Martinez has recently issued a cautionary statement regarding BONK, suggesting that a month-long correction may be looming for this meme asset.
Based on the analysis by strategist Ali Martinez, a significant reversal has occurred in a key indicator, indicating a sell signal for BONK.
As of the current time, BONK is trading at $0.000015, representing a remarkable 49% surge in the past 24 hours. Additionally, it has experienced an extraordinary increase of over 400% in value over the last 30 days.
Shiba Eternity’s Web3 launch on Shibarium requires LEASH token staking for exclusive access. The game's integration with Shibarium will burn SHIB tokens, potentially increasing SHIB's value and driving up its price.
WeatherlyCybercriminals exploited WazirX, resulting in the theft of multiple crypto assets worth over $230 million.
Cheng YuanManta Network has partnered with BONK to launch a meme-themed campaign. This collaboration aims to build an interconnected meme community and boost user engagement and eligible participants can claim MANTA rewards over the next month.
CatherineSHIB experiences a 3900% increase in token burn rate alongside $35.2M whale investments, fueling hopes for a rally. Trading at $0.00002569, short-term surges to $0.00003 and $0.00005 anticipated.
Xu LinBonk (BONK) sees $701.83M trading volume surge, priced at $0.00003435, up 5.86% in 24 hours. Factors: community engagement, positive sentiment. Technical indicators support bullish trend.
Xu LinSHIB's burn rate surges by 310%, reducing supply and boosting trader optimism. Specific wallet addresses drive the increase. Despite recent price fluctuations, SHIB holds above crucial support levels, potentially rebounding. Long-term outlook hints at a rally to $0.0001 with sustained bullish momentum.
Xu LinSHIB briefly rises to 11th largest crypto with $17B market cap, alongside WIF. A subsequent 7% decline follows amid market correction. Analysts predict potential rally to $0.00006. On-chain metrics indicate some overvaluation, with MVRV at 1.43.
Huang BoLong-term SHIB holder realizes 419x profit: Bought 48B tokens for $2,625, sold for $1.1M. SHIB valued at $0.00002569. Another trader gains $1.11M from ETH trades.
EdmundShiba Inu (SHIB) saw a surge in activity as whales adjusted portfolios amidst market volatility. Despite this, SHIB's price remains stable at $0.00002552. Large transactions increased, suggesting potential market shifts.
Xu LinShiba Inu sees a surge in large transactions, hinting at bullish trends and potential major price action as whales reposition their holdings.
EdmundCryptocurrency picks for 2024: Bonk thrives on Solana's memes, Retik revolutionizes finance, Pepe brings memes to DeFi, and Shiba Inu aims for meme stardom.
Xu LinBonk has soared more than 47% in the short term and is up nearly 200% in the past week as the broader market rebounds and Bitcoin nears all-time highs. Amid this rally, Bonk's combined market capitalization has surpassed that of SUI, SEI, and TIA, and currently stands at $2.5 billion.
JinseFinanceKelexo (KLXO) stands out in crypto chaos, redefining decentralized lending with a revolutionary presale. A beacon of progress amid uncertainties, it embodies transparency and inclusivity in digital finance.
EdmundBONK and WIF, memecoins on the Solana blockchain, experience dramatic shifts in market positions, reflecting the volatile nature of the crypto market.
BrianDespite recent market turmoil, Bonk (BONK) experiences an unexpected recovery, attributed to strategic actions by whale investors. Their confidence in a bullish reversal has stabilized prices, attracting attention from retail investors. However, caution is advised due to the fragility of such recoveries, especially in a bear-dominated market.
BerniceBONK, transcending its memecoin image, shows significant market and technological growth
BrianBinance lists Bonk (BONK) on December 15, offering BONK/USDT, BONK/FDUSD, BONK/TRY trading pairs, and adds BONK to isolated margin trading within 48 hours.
BerniceBONK, a Solana-based meme coin, spikes 40% following Coinbase listing news.
Cheng YuanFor those unfamiliar with the term, the term "BONK" is an doge-associated meme, first attributed to the baseball wielding Doge.
BrianBONK saw significant loss in its value after the burning event.
cryptopotato