Bonk (BONK) rallied almost 200% in per week and 1000% in a month after main crypto exchanges Coinbase and Binance listed the Solana-based meme coin. Other common crypto exchanges additionally introduced the itemizing of Bonk. However, merchants and whales have began reserving earnings inflicting BONK value to pare some features, with the value presently down 30% from the excessive.
BONK Selloff After Major Listings
Lookonchain in a December 15 put up on X revealed that the itemizing of Bonk on main crypto exchanges was a “buy the rumor, sell the news” 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 value was buying and selling at $0.0000021. The sensible cash then staked tokens from Oct 30 to Nov 29.
At the time of writing, the dealer holds Solana (SOL) price $362,598 however no BONK tokens. All BONK tokens are dumped to crypto exchanges.
Furthermore, market maker DWF Labs lately deposited 50 billion BONK price $1.6 million into Binance.
This comes as Crypto.com additionally adopted Coinbase and Binance to listing the trending meme coin Bonk. Users can begin buying and selling BONK on the change beginning December 15.
Also Read: SHIB, GALA, & CHZ Leads Smart Money Token Inflow List
Solana Mobile Sold Out For Free Bonk Airdrop
People moved to seize Solana Mobile to capitalize on Bonk airdrop. Solana Mobile introduced the entire sell-out of Saga telephones within the United States.
After the latest rally, Bonk airdrop is price greater than Solana Mobile. People are claiming 30 million BONK airdrop price over $900 after shopping for their Solana Mobile.
BONK value jumped greater than 100% however up to now 24 hours, bears have had the higher hand with the value presently buying and selling at $0.00002518. The 24-hour high and low are $0.00002208 and $0.00003419, respectively. Furthermore, 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.
Also Read: Binance Delists Multiple XRP, ADA, SOL, MATIC & Other Top Liquidity Pools
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