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 explanation why the Solana meme coin is about to blast via ATHs once more.
Why BONK Is About To Reach A New ATH
In an X publish, the meme coin dealer mentioned that BONK is about to blast via all-time highs once more. He talked about the explanation why this might occur, together with the truth that the meme coin has extra quantity than Solana on Coinbase, which signifies large curiosity in BONK amongst crypto traders.
Bonk Guy additional talked about that BONK trades extra quantity on Coinbase than the opposite prime meme cash, PEPE, Shiba Inu, and Dogwifhat mixed. Meanwhile, the meme coin dealer is on monitor to burn 1 trillion BONK tokens, that are presently price round $55 million, by Christmas via its ‘Lets BONK’ marketing campaign.
Another issue that Bonk Guy believes will result in these new highs for BONK is a Robinhood itemizing, which he believes might occur anytime quickly. The crypto alternate not too long ago listed PEPE and will have BONK on its roadmap subsequent. A Robinhood itemizing is bullish for the worth 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 “serious” institutional adoption primarily based on what he has heard. This can also be bullish for the BONK worth since institutional adoption would drive large inflows into the meme coin, resulting in increased costs.
In line with this, the meme coin dealer mentioned that BONK has clear fundamentals and appears to have been chosen by American retail as their foremost meme coin for this cycle. Bonk Guy remarked that issues ought to get tremendous attention-grabbing for BONK quickly sufficient. It is price mentioning that the South Korean exchange Upbit is ready to checklist BONK. Speaking on this improvement, the meme coin dealer said that BONK might be the favourite new meme coin amongst Korean normies.
Next Leg Up Is Imminent
In an X publish, crypto analyst Altcoin Sherpa mentioned that BONK is loading for the following transfer. The analyst suggested traders to simply purchase spot and be affected person for the following leg up. The accompanying chart urged that the Solana meme coin is ready to blast via its ATH and attain new highs.
Crypto whales look to be positioning for this BONK worth explosion. In an X post, the on-chain analytics platform Lookonchain revealed a wise 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.
At the time of writing, BONK is buying and selling at round $0.00005524, up over 10% within the final 24 hours, in keeping with data from CoinMarketCap.
Featured picture created with Dall.E, chart from Tradingview.com
