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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

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    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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  • NFT
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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

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    The Biggest Games Releasing in August 2025

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    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

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    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

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    NFTs Stage a Summer Comeback: Blue-Chips Reclaim Spotlight in July Rally

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    UAE emirate launches new free zone for digital assets, Web3 and AI

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    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

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    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

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    What Is Copy Trading in Crypto? A Beginner’s Guide

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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Home Altcoins

BONK price’s 82% hike a sign of memecoin mania – New predictions?

March 1, 2024
in Altcoins
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BONK price’s 82% hike a sign of memecoin mania – New predictions?
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  • BONK has risen by over 50% in the past couple of days.
  • SOL has also increased to over $130 in the last few days.

There was a recent accumulation of Bonk [BONK] before its price surged, placing the wallet in a profitable position. As the memecoin’s price rose, the token of its host network, Solana, also witnessed consistent upward trends.

Interestingly, Bonk has also become the third largest memecoin, behind only Dogecoin [DOGE] and Shiba Inu [SHIB], with a market cap of $1.3 billion at press time.

READ ALSO

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Wallet accumulate over 300 billion BONK

Data from Lookonchain showed a substantial accumulation of the Solana-based memecoin by a single wallet.

The information showed that the wallet recently amassed 98 billion Bonk tokens valued at $1.54 million from the Binance exchange.

Further analysis of the wallet indicates a current holding of over 319 billion tokens, amounting to approximately $7 million. Given the significant uptrend in the token’s price observed recently, the wallet is now holding a profit nearing $3 million.

BONK price boosts by double-digit

An examination of BONK on a daily timeframe chart reveals a consistent uptrend over the past seven days. Notably, in four of the last seven days, it experienced consecutive double-digit increases.

On 26th February, the increase surpassed 12.8%, followed by a 10.6% increase on 27th February, a remarkable surge of over 28% on 28th  February, and another over 15% increase on 29th February.

This trend stands out as the first of such prolonged consecutive increases, and notably, it marked the first time BONK recorded a single-day increase exceeding 28%.

Bonk price trend

Source: Trading View

It is of particular significance that, following its Coinbase listing, this marked the first time the Solana-based memecoin entered the overbought region.

See also  Analyst Predicts Stellar Rise For The Solana Memecoin

At the time of this writing, the Relative Strength Index (RSI) was above 80, signaling a bull trend and an overbought state for the token.

Also, at the time of this writing, it was trading with a less than 1% increase, continuing the streak of uptrends.


 Is your portfolio green? Check out the Bonk Profit Calculator


Solana displays similar positive trends

Like its memecoin counterpart, Solana has recently exhibited positive patterns. The chart illustrates an increase of over 9% on 27th February, followed by another rise of over 5% the next day.

At the time of this writing, it was trading with an over 7% increase, with its price surpassing $130. Like BONK, Solana has a strong bull trend, as suggested by its RSI, albeit it is gradually entering the overbought zone.

Solana price trend

Source: Trading View

Next: AI Evolution: ALAYA AI’s community-powered future

Tags: BONKhikemaniaMemecoinpredictionsPricessign

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    I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

    Reply
  26. binance says:
    1 day ago

    Thanks for sharing. I read many of your blog posts, cool, your blog is very good.

    Reply

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