BONK, supported by investors in the Solana (SOL) ecosystem, attracted attention with its 230 percent rise in the last week.
The rise of the crypto market has started to attract investors to the trends. Many different crypto categories have attracted intense interest from investors. Memecoins, in particular, have managed to attract attention recently.
Many popular memecoins gave a boom signal with an increase of over 50 percent. The fact that the Memecoin craze could come at any time has started to attract new investors to this area.
BONK, one of the popular memecoins, became the star name of the last week. BONK hosted a 230 percent increase in one week. BONK, known as the memecoin of the Solana ecosystem, has managed to pass an important threshold point.
BONK, the favorite of the Solana (SOL) ecosystem, is flying!
Solana (SOL) attracted all the attention when it exceeded $70. The revival of the Solana ecosystem benefited the popular memecoin BONK. With his rise, BONK set his sights on the throne of Shiba and Doge. BONK is also supported especially by long-term investors of the Solana ecosystem.
BONK emerged during the period when Solana was falling to the $9 level and was subject to various FUDs. BONK, a project to save and revitalize the Solana ecosystem, contributed to the price of SOL rising to $12 after its launch. BONK, which ended its potential rise and created a bottom zone because it was affected by the bear market, has come to the fore again.
BONK price increased by more than 700 percent in one month and more than 200 percent in one week. According to CoinMarketCap data, BONK increased its market value to 888 million dollars with this one-month rise. BONK ranked the 73rd top cryptocurrency by market cap.
BONK, which managed to enter the top 100, has the potential to rise as the Solana bull continues. However, the price is in the potential profit-taking zone as it has witnessed a significant rise in a month.
According to CoinMarketCap data, BONK achieved a transaction volume of $161 million in the last 24 hours. Memecoin, which has great expectations, may push its market value to $1 billion if the trend continues and the FOMO environment continues. In this case, BONK may witness another 20 percent rise. However, BONK may face selling pressure due to its high level of profitability. In this case, the $0.0000125 and $0.00001 levels stand out as an important support point for BONK. If these support points work and the price maintains stability, BONK can reach $0.0000175.
