Bonk Hits New All-Time High, Surpasses $4 Billion Market Cap
- Bonk surgd 18%, hitting n ll-tim high of $0.000058 on Novmbr 20.
- Tokns Upbit listing boostd trding volum by 95%, rching $3.5 billion in dily trds.
- A whale invstor ccumultd 65.4 billion BONK tokns, mplifying th currnt buying momntum.
Bonk (BONK), th Soln-bsd mm coin, hs rturnd to th spotlight, rching rcord-brking $0.000058 on Novmbr 20. This mrks n 18% surg in its vlu, rcliming its position s th lding mm coin on th Soln blockchin.
A significnt ctlyst for this ris hs bn Bonks listing on Upbit, South Kors prmir cryptocurrncy xchng. Th listing nnouncmnt triggrd shrp incrs in dily trading volums, which sord by 95%, rching stggring $3.5 billion. Th nthusism mong trdrs undrscors th communitys blif in mm coins long-trm potntil.
In addition, the coins futurs mrkt rcordd historic high in opn intrst (OI) of $64.12 million, ccording to Coinglss dt. This surg rflcts mounting intrst from invstors gr to prticipt in th tokns upwrd trjctory.
Bonks Growing Influence in DeFi
Sinc its lunch in Dcmbr 2022, th mm coin hs bcom pivotl plyr in Solns dcntrlizd finnc (DFi) sctor. With innovtiv projcts lik BONKbots nd BONKSwp, th tokn hs crtd dynmic cosystm tht fostrs doption nd strngthns its utility. Oftn dubbd Solns socil lyr, its vibrnt community plys crucil rol in mintining its rlvnc nd growth.
On upcoming inititiv tht hs cpturd th communitys imgintion is th BURNms cmpign. Schduld for Christms Dy, this vnt will s th burning of on trillion tokns by Bonk DAO. This significnt tokn burn is xpctd to rduc supply nd potntilly lvt prics by incrsing scrcity.
Whale Activity Signals Bullish Sentiment
Mnwhil, prominnt whal invstor hs rcntly ccumultd 65.4 billion BONK tokns, spnding $3.4 million USDC ovr th pst two dys. This whl, known for profiting $4.84 million from th PopCat mm coin, pprs to hv shiftd focus to th mm coin, mplifying th currnt buying frnzy.
Dspit its rcord-brking ATH, th tokn xprincd slight pullbck nd trdd t $0.00005294. Nvrthlss, th tokn rmind 4% highr in th pst 24 hours nd 51.5% up ovr th pst wk. Its mrkt cp, now vlud t $4 billion, continus to outpc comptitors.
Tchnicl indictors point to bullish short-trm outlook. Th Rltiv Strngth Indx (RSI) sits t 62.95, suggsting room for furthr growth bfor ovrbought conditions mrg. Th Ichimoku Cloud nd moving vrgs rinforc this upwrd trnd, signling strong support lvls.
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Read more: https://www.tronweekly.com/bonk-surpasses-4-billion-market-cap/
Text source: TronWeekly
