#BinanceSquareTalks
Is $BONK the next overlooked opportunity in the meme coin market?
Everyone on Binance Square is talking about $PEPE , $BTCC.ETF and other small cap tokens, but surprisingly, BONK isn't getting the attention it deserves.
Here is what caught my attention:
1. Tokenomics: BONK launched with an initial supply of 100 trillion tokens. Around 88 trillion are currently circulating, meaning roughly 12 trillion have been burned or removed from the original supply.
2. Unlocking: Its scheduled vesting is complete. There are no major scheduled token unlocks ahead, which removes one potential source of selling pressure.
3. Market Potential: BONK is deeply connected to the Solana ecosystem, with community-driven initiatives, DeFi integrations and growing utility. Its future potential depends on ecosystem activity, demand and sustained liquidity.
4. Technical Picture: In my attached weekly chart, 1000BONKUSDT is trading around 0.003075, up approximately 10.89%. RSI is near 46, suggesting recovery momentum is developing, but the long-term trend still needs confirmation.
My observation: BONK may be quietly preparing for another move while market attention remains elsewhere.
I'm watching its weekly structure closely. A confirmed breakout with strong volume would make the setup more interesting.
Is BONK being overlooked by the market? What's your opinion?
#BONK #Solana #Memecoins
Is $BONK the next overlooked opportunity in the meme coin market?
Everyone on Binance Square is talking about $PEPE , $BTCC.ETF and other small cap tokens, but surprisingly, BONK isn't getting the attention it deserves.
Here is what caught my attention:
1. Tokenomics: BONK launched with an initial supply of 100 trillion tokens. Around 88 trillion are currently circulating, meaning roughly 12 trillion have been burned or removed from the original supply.
2. Unlocking: Its scheduled vesting is complete. There are no major scheduled token unlocks ahead, which removes one potential source of selling pressure.
3. Market Potential: BONK is deeply connected to the Solana ecosystem, with community-driven initiatives, DeFi integrations and growing utility. Its future potential depends on ecosystem activity, demand and sustained liquidity.
4. Technical Picture: In my attached weekly chart, 1000BONKUSDT is trading around 0.003075, up approximately 10.89%. RSI is near 46, suggesting recovery momentum is developing, but the long-term trend still needs confirmation.
My observation: BONK may be quietly preparing for another move while market attention remains elsewhere.
I'm watching its weekly structure closely. A confirmed breakout with strong volume would make the setup more interesting.
Is BONK being overlooked by the market? What's your opinion?
#BONK #Solana #Memecoins
