Meme coin dealer Unipcs (Bonk Man) has predicted that BONK will quickly hit a brand new all-time excessive (ATH). The crypto additional outlined a number of explanation why the Solana meme coin is about to blast via ATHs once more.
Why BONK Is About To Attain A New ATH
In an X submit, the meme coin dealer stated that BONK is about to blast via all-time highs once more. He talked about explanation why this may occur, together with the truth that the meme coin has extra quantity than Solana on Coinbase, which signifies huge curiosity in BONK amongst crypto traders.
Bonk Man additional talked about that BONK trades extra quantity on Coinbase than the opposite prime meme cash, PEPE, Shiba Inu, and Dogwifhat mixed. In the meantime, the meme coin dealer is on monitor to burn 1 trillion BONK tokens, that are at the moment price round $55 million, by Christmas via its ‘Lets BONK’ marketing campaign.
One other issue that Bonk Man believes will result in these new highs for BONK is a Robinhood itemizing, which he believes might occur anytime quickly. The crypto trade not too long ago listed PEPE and will have BONK on its roadmap subsequent. A Robinhood itemizing is bullish for the value because the itemizing will enhance BONK’s adoption and result in greater costs.
BONK additionally has an exchange-traded product (ETP) that the meme coin dealer acknowledged is getting primed for some “critical” institutional adoption based mostly on what he has heard. That is additionally bullish for the BONK worth since institutional adoption would drive huge inflows into the meme coin, resulting in greater costs.
In keeping with this, the meme coin dealer stated that BONK has clear fundamentals and appears to have been chosen by American retail as their most important meme coin for this cycle. Bonk Man remarked that issues ought to get tremendous attention-grabbing for BONK quickly sufficient. It’s price mentioning that the South Korean trade Upbit is ready to checklist BONK. Talking on this growth, the meme coin dealer acknowledged that BONK could possibly be the favourite new meme coin amongst Korean normies.
Subsequent Leg Up Is Imminent
In an X submit, crypto analyst Altcoin Sherpa stated that BONK is loading for the subsequent transfer. The analyst suggested traders to only purchase spot and be affected person for the subsequent leg up. The accompanying chart prompt that the Solana meme coin is ready to blast via its ATH and attain new highs.
Crypto whales look to be positioning for this BONK worth explosion. In an X submit, the on-chain analytics platform Lookonchain revealed a sensible whale that’s actively accumulating BONK. Onchain information reveals this whale has spent $3.4 million to purchase 65.4 billion BONK during the last two days.
On the time of writing, BONK is buying and selling at round $0.00005524, up over 10% within the final 24 hours, in keeping with information from CoinMarketCap.
Featured picture created with Dall.E, chart from Tradingview.com
