Solana-Based Bonk Dominates Charts With 73% Rally: What Next?
The cryptocurrency market is experiencing quite a bullish turnaround. Bitcoin (BTC) climbed to a new peak of $118,254 earlier today, and the global crypto market cap has risen to $3.73 trillion. Solana-based memecoin, Bonk (BONK), is also following a similar trajectory. The memecoin is dominating the charts, rising 5.6% in the last 24 hours, 37.4% in the weekly charts, 73.8% in the 14-day charts, and 31.5% over the previous month. While the rally is incredible, the memecoin is still down by 9.3% in the yearly time frame. Source: CoinGecko New All-Time High Around The Corner For Bonk? Source: Inside Bitcoins BONK is currently down by nearly 60% from its all-time high of $0.00005825. The memecoin hit its peak in November of 2024. The memecoin’s latest rally is likely due to Bitcoin’s (BTC) climb to a new all-time high. BTC has seen consistent institutional inflows over the last few months. BONK may face a correction if investors decide to book profits. Memecoins are heavily su...