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 the reason why the Solana meme coin is about to blast by way of ATHs once more.
Why BONK Is About To Attain A New ATH
In an X submit, the meme coin dealer mentioned that BONK is about to blast by way of all-time highs once more. He talked about the reason 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 buyers.
Bonk Man additional talked about that BONK trades extra quantity on Coinbase than the opposite high 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 presently price round $55 million, by Christmas by way of 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 worth 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 “severe” 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.
According to this, the meme coin dealer mentioned that BONK has clear fundamentals and appears to have been chosen by American retail as their major 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 about to checklist BONK. Talking on this growth, the meme coin dealer acknowledged that BONK might be the favourite new meme coin amongst Korean normies.
Subsequent Leg Up Is Imminent
In an X submit, crypto analyst Altcoin Sherpa mentioned that BONK is loading for the following transfer. The analyst suggested buyers to only purchase spot and be affected person for the following leg up. The accompanying chart steered that the Solana meme coin is about to blast by way of 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 exhibits this whale has spent $3.4 million to purchase 65.4 billion BONK over the past two days.
On the time of writing, BONK is buying and selling at round $0.00005524, up over 10% within the final 24 hours, based on information from CoinMarketCap.
Featured picture created with Dall.E, chart from Tradingview.com
