The Hype of Bonk flushed out with new narrative take place and the dog-themed billion dollars Memecoin creating one after another red candle in charts and few more losses in holders wallet. Even Lucrative offers like Solana Saga phones And NFTs didn't help Bonk to recover. It's now 70% down from Binance Listing, So what's the plan For January? Let's Dive in 

🔹 Volume/Price

Bonk Gained a tremendous growth in December 2nd week. Narrative were everywhere, the social growth was outstanding. Vomune was in peak Volume/price matrics hit ATH. But then it started to freefall. The price duped almost 70% from top and volumes also drained by big Margin. 

🔸 Daily Active Users

Another bearish metrics we saw in Daily Active users. On December 3rd week the DAU surged a mammoth number it gained more than 15k DAU that week, But then dumped dramatically now on 1st week of 2024 it generating slightly less than 5k DAU that's a 60% Drop last high in December. 

🔹 Cumulative Volume 

Bonks cumulative Volume also dropped largely, the volume is largely suffering among all the metrics. On December 2nd week Bonk record 500M cumulative Volume and since then it dropped by a mile. The volume dropped more than 90% now sitting lower than 50M. The characteristics also bearish as the volume largely Sell volume.

🔸Total Value Locked 🔒

TVL also indicating the decline of the project in recent time. December 2nd week when all euphoria and peak happened it's TVL surges about 25 Million but now it dropped to 15.3 Million a 35% Drop in 2 weeks. 

🔹 Holders 

Only Positive thing for Bonk is Holders Growth. Bonk surprisingly got huge popularity and Growth. People still believe in this project and the community is holding despite the hurdles and price decline. Holders Growth is +30% since December 2nd week. 

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Besides, the holders strength $BONK doesn't have too many talking points. Every metrics on-chain suggesting downward movement in price and it obeyed the metrics. It'll very hard for Bonk to bounce from here, but the holders strength can be a vital point. So, you can invest a portion of your portfolio here if you hardly believe in this community and nothing else. 

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© This composition is not endorsed by any entity; the names mentioned are solely for informational purposes. By stating this, we absolve ourselves of any liability for losses incurred if you invest in this project after perusing our article. This article should be regarded as a source of information, not financial counsel. Please note that this disclaimer is intended to protect both the reader and the author. 

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