Bonk (BONK) rallied practically 200% in per week and 1000% in a month after main crypto exchanges Coinbase and Binance listed the Solana-based meme coin. Different common crypto exchanges additionally introduced the itemizing of Bonk. Nonetheless, merchants and whales have began reserving earnings inflicting BONK worth to pare some good points, with the worth at the moment down 30% from the excessive.
BONK Selloff After Main Listings
Lookonchain in a December 15 submit on X revealed that the itemizing of Bonk on main crypto exchanges was a “purchase the rumor, promote the information” occasion for merchants and whales.
A whale offered 52.3 billion BONK tokens valued at $927 and made greater than $750K in revenue. The dealer bought 69 billion BONK when the worth was buying and selling at $0.0000021. The sensible cash then staked tokens from Oct 30 to Nov 29.
On the time of writing, the dealer holds Solana (SOL) value $362,598 however no BONK tokens. All BONK tokens are dumped to crypto exchanges.
Moreover, market maker DWF Labs just lately deposited 50 billion BONK value $1.6 million into Binance.
This comes as Crypto.com additionally adopted Coinbase and Binance to record the trending meme coin Bonk. Customers can begin buying and selling BONK on the trade beginning December 15.
Additionally Learn: SHIB, GALA, & CHZ Leads Smart Money Token Inflow List
Solana Cellular Bought Out For Free Bonk Airdrop
Folks moved to seize Solana Mobile to capitalize on Bonk airdrop. Solana Cellular introduced the whole sell-out of Saga telephones in the USA.
After the latest rally, Bonk airdrop is value greater than Solana Cellular. Individuals are claiming 30 million BONK airdrop value over $900 after shopping for their Solana Cellular.
BONK worth jumped greater than 100% however up to now 24 hours, bears have had the higher hand with the worth at the moment buying and selling at $0.00002518. The 24-hour high and low are $0.00002208 and $0.00003419, respectively. Moreover, the buying and selling quantity has decreased by 38.15% within the final 24 hours to $1,087,469,114, indicating a dip in curiosity amongst merchants.
Additionally Learn: Binance Delists Multiple XRP, ADA, SOL, MATIC & Other Top Liquidity Pools
The introduced content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
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