Meme coin dealer Unipcs (Bonk Guy) 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 put up, the meme coin dealer stated that BONK is about to blast by way of all-time highs once more. He talked about the reason why this is able to occur, together with the truth that the meme coin has extra quantity than Solana on Coinbase, which signifies large 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 at present value 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 may occur anytime quickly. The crypto change just lately listed PEPE and will have BONK on its roadmap subsequent. A Robinhood itemizing is bullish for the value for the reason that itemizing will enhance BONK’s adoption and result in increased costs.
BONK additionally has an exchange-traded product (ETP) that the meme coin dealer said is getting primed for some “critical” institutional adoption based mostly on what he has heard. That is additionally bullish for the BONK value since institutional adoption would drive large inflows into the meme coin, resulting in increased 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 essential meme coin for this cycle. Bonk Man remarked that issues ought to get tremendous fascinating for BONK quickly sufficient. It’s value mentioning that the South Korean exchange Upbit is ready to listing BONK. Talking on this improvement, the meme coin dealer said that BONK might be the favourite new meme coin amongst Korean normies.
Subsequent Leg Up Is Imminent
In an X put up, crypto analyst Altcoin Sherpa stated that BONK is loading for the subsequent transfer. The analyst suggested buyers to simply purchase spot and be affected person for the subsequent leg up. The accompanying chart prompt that the Solana meme coin is ready to blast by way of its ATH and attain new highs.
Crypto whales look to be positioning for this BONK value explosion. In an X post, 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 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, in response to data from CoinMarketCap.
Featured picture created with Dall.E, chart from Tradingview.com