Claim $500BONK Meme Coin: BONK Soars 1000% Then Dips After Major Exchange Listings
Bonk (BONK) rallied nearly 200% in a week and 1000% in a month after major crypto exchanges Coinbase and Binance listed the Solana-based meme coin. Other popular crypto exchanges also announced the listing of Bonk. However, traders and whales have started booking profits causing BONK price to pare some gains, with the price currently down 30% from the high.
BONK Selloff After Major Listings
Lookonchain in a December 15 post on X revealed that the listing of Bonk on major crypto exchanges was a “buy the rumor, sell the news” event for traders and whales.
A whale sold 52.3 billion BONK tokens valued at $927 and made more than $750K in profit. The trader purchased 69 billion BONK when the price was trading at $0.0000021. The smart money then staked tokens from Oct 30 to Nov 29.
At the time of writing, the trader holds Solana (SOL) worth $362,598 but no BONK tokens. All BONK tokens are dumped to crypto exchanges.
Furthermore, market maker DWF Labs recently deposited 50 billion BONK worth $1.6 million into Binance.
This comes as Crypto.com also followed Coinbase and Binance to list the trending meme coin Bonk. Users can start trading BONK on the exchange starting December 15.
Also Read: SHIB, GALA, & CHZ Leads Smart Money Token Inflow List
Solana Mobile Sold Out For Free Bonk Airdrop
People moved to grab Solana Mobile to capitalize on Bonk airdrop. Solana Mobile announced the complete sell-out of Saga phones in the United States.
After the recent rally, Bonk airdrop is worth more than Solana Mobile. People are claiming 30 million BONK airdrop worth over $900 after buying their Solana Mobile.
BONK price jumped more than 100% but in the past 24 hours, bears have had the upper hand with the price currently trading at $0.00002518. The 24-hour low and high are $0.00002208 and $0.00003419, respectively. Furthermore, the trading volume has decreased by 38.15% in the last 24 hours to $1,087,469,114, indicating a dip in interest among traders.
Also Read: Binance Delists Multiple XRP, ADA, SOL, MATIC & Other Top Liquidity Pools
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- BOJ Rate Hike Backfires: Yen Crashes, Bitcoin Price Rally Uncertain
- Canary Capital Announces Major Changes to Its SUI ETF
- Michael Saylor’s “Green Dots” Message Hints At Fresh Bitcoin Buying As BTC Faces $90K Wall
- Fed’s Hammack Signals No Rush to Cut Rates as January Hold Odds Near 80%
- XRP ETFs Reach $1.21B as Asset Managers See a ‘Third Path’ Beyond Bitcoin
- Will Solana Price Hit $150 as Mangocueticals Partners With Cube Group on $100M SOL Treasury?
- SUI Price Forecast After Bitwise Filed for SUI ETF With U.S. SEC – Is $3 Next?
- Bitcoin Price Alarming Pattern Points to a Dip to $80k as $2.7b Options Expires Today
- Dogecoin Price Prediction Points to $0.20 Rebound as Coinbase Launches Regulated DOGE Futures
- Pi Coin Price Prediction as Expert Warns Bitcoin May Hit $70k After BoJ Rate Hike
- Cardano Price Outlook: Will the NIGHT Token Demand Surge Trigger a Rebound?
