BONK coin have surged nearly 10% in the past week. With a market cap exceeding 11B, its popularity has kept them resilient amid market downturns.
As part of the Solana blockchain, which ranks third in Total Value Locked (TVL) at $5.3 billion, Bonk coin’s staking volume has reached $43 million. This reflected a growing interest in utilizing BONK within the DeFi ecosystem.
As noted earlier, BONK’s volume has sharply declined from nearly half a billion post-listing to $188 million at press time.
However, bulls have managed to stave off a pullback, bringing BONK coin closer to its previous rejection level at $0.00002201.
Ultimately, beyond the listing, much depends on Bitcoin action, particularly in the long run – sustained optimism in the network could see both tokens surpass their previous rejection levels.
As part of the Solana blockchain, which ranks third in Total Value Locked (TVL) at $5.3 billion, Bonk coin’s staking volume has reached $43 million. This reflected a growing interest in utilizing BONK within the DeFi ecosystem.
As noted earlier, BONK’s volume has sharply declined from nearly half a billion post-listing to $188 million at press time.
However, bulls have managed to stave off a pullback, bringing BONK coin closer to its previous rejection level at $0.00002201.
Ultimately, beyond the listing, much depends on Bitcoin action, particularly in the long run – sustained optimism in the network could see both tokens surpass their previous rejection levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.