There is a flood of $600 million in trading volume, and the prediction is that the price will crash. Are whales buying?
As of today, the 24-hour trading volume of the popular meme currency BONK has reached over $646 million, according to statistics provided by CoinGecko. This represents a 13.6% increase.
As of right now, BONK is the sixty-first largest cryptocurrency, having a market size that is just over $2.1 billion. This places it in the fifth position among the most valuable meme coins in terms of market valuation, with FLOKI coming in second with $1.9 billion.
As of yesterday, Dogwifhat (WIF) was able to flip BONK, and it has managed to maintain its advantage today. When compared to BONK's rise during the past week, WIF's surge has been far more powerful.
When compared to BONK, which only increased by 47% to reach $0.00003294 as of the time of this writing, WIF increased by 125% to reach $2.20.
After achieving gains over the last month, cryptocurrencies are continuing to make significant gains after the month has passed. In the last thirty days, Bitcoin has increased by 58%, reaching a price of $67,454, while Ethereum has increased by 68%, reaching a price of $3,948.
When we look at the one-month chart view of BONK, we can see that prices were stable until the last few days of February. At that point, a rally began, which reached its highest point on March 4 at about $0.00004 before beginning to decline.
#TrendingTopic #BONK #BTC #pepe $BONK
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