$BONK A half-hour trading volume suddenly surged to three times the usual amount—this isn’t a volume level that retail traders could smash out. On-chain, there’s an address that withdrew 40 trillion tokens from the top platform, and the timing lines up exactly before the sell-off.
The price has hovered around 0.000003 for nearly two days. The key to this rebound is 0.00000295 below it. Breaks below that level is a whole different story; if it holds, there’s still something to play for. The community sentiment is pretty split—one group is shouting that meme season is back, while another is watching Solana ecosystem gas fees and saying on-chain activity is ebbing.
I don’t like to follow the crowd, but the volatility of Solana memecoins has always been the fiercest among knockoffs. When the funding rate turns negative and long positions in the contracts start getting cut, that’s precisely when rebounds often happen. Of course, it could also be the start of a slow grind down—who knows. What do you think? #行情分析 #on-chain data
The price has hovered around 0.000003 for nearly two days. The key to this rebound is 0.00000295 below it. Breaks below that level is a whole different story; if it holds, there’s still something to play for. The community sentiment is pretty split—one group is shouting that meme season is back, while another is watching Solana ecosystem gas fees and saying on-chain activity is ebbing.
I don’t like to follow the crowd, but the volatility of Solana memecoins has always been the fiercest among knockoffs. When the funding rate turns negative and long positions in the contracts start getting cut, that’s precisely when rebounds often happen. Of course, it could also be the start of a slow grind down—who knows. What do you think? #行情分析 #on-chain data