Solana (SOL)-based meme coin Bonk (BONK) appears to be staging a spectacular comeback, with a more than 471% increase in trading volume in the last 24 hours. This huge increase in trading volume comes in parallel with the rise in BONK price. Often, experienced traders trade large amounts to increase profits. This leads to increased volatility and an increase in trading volumes.
At the time of writing, BONK is up 12.04% in the last 24 hours and is trading at $0.00001266, up 22% on a weekly basis. Additionally, over 305 million dollars of BONK transaction volume was realized in the last 24 hours, increasing compared to the previous day.
Increase in trading volume and price of Meme coin, Bitcoin It occurred in a positive crypto market environment, with gains in (BTC) and other cryptocurrencies.
Meme coin is recovering from a decline that began after rising to $0.0000349 in mid-December. In early January, the bulls attempted a rally. In this context, they increased BONK to $0.000017. However, BONK withdrew.
It looks like the bulls continue to make an effort to revive the meme coin price. Because they made big profits on the second day. BONK reached an intraday high of $0.000013 before facing any hurdles in today’s session.
Koinfinans.com As we reported, the impact of positive news that triggered the price increase of meme coin in the last 24 hours is clearly visible. Solana-based Armada announced BONK rewards, which allows users to unlock BONK tokens to earn rewards from community-built BONK Eco products like BonkBot, SVB, and BONKswap.
solana based coins are also growing rapidly. As previously reported, Dogwifhat (WIF), a meme coin based on the Solana (SOL) blockchain, quickly gained 30% after being listed on major cryptocurrency exchange Bitfinex. Currently WIF has recovered. It’s up nearly 25% in the last 24 hours.
