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

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

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    NFT sales plunge to $129.6m, Pudgy Penguins jump 63%

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    PENGU token loses 20% in August amid Pudgy Party game launch

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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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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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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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.

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    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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    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

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    NFT sales plunge to $129.6m, Pudgy Penguins jump 63%

    PENGU token loses 20% in August amid Pudgy Party game launch

    PENGU token loses 20% in August amid Pudgy Party game launch

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

  • Gaming
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    The Biggest Games Releasing in September 2025

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    OKX Wallet Taps Shaga to Offer Secure Web3 AAA Gaming

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    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

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    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

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    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

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    GaFin Joins Cyber Crash to Advance Web3 Gaming

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    Stability World AI Adds Games to Transform the Future of Web3 Gaming

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

    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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  • AI
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    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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  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

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

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

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

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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

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    Dogecoin Bull run

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

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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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Toncoin heats up: What does $398M in trading volume indicate?

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  Exclusive: 36.8% of investors now have memecoin investments!

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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