Bonk (BONK), the memecoin of the Solana ecosystem, succumbed to the selling pressure and lost 35 percent of its value in a short time.
BONK, one of the shining stars of the Solana ecosystem, has recently achieved an incredible increase. Memecoin, which took the opportunity of the market’s rise and being listed on various cryptocurrency exchanges, caused havoc. However, BTC suffered a major selling wave as it retreated to the $41,000 range. BONK, which recorded a decrease of 35.02 percent in the last 24 hours, ranked first in the “Top Losers” list.
Memecoins are the first to leave the ship!
We witnessed that memecoins were sold much more violently during the decline periods. This situation was frequently observed in PEPE and DOGE in the past. The crypto investor, who first issued memecoins, did not surprise this time either. BONK, perhaps the most famous memecoin of recent times, came to the fore with its decline of more than 35 percent in just 24 hours.
The weakness of support levels along with voluminous sales directly triggered the collapse. First of all, BONK, which could not hold on to the weekly opening level, shot up to $ 0.0000090781 with the loss of the daily opening level. The popular coin, which has recovered somewhat for now, will continue to pose risks as long as it cannot exceed its daily opening price. In addition, although the parity poses risks, it can maintain its positive trend, especially on social media.
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