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Information about Bonk (BONK)
Bonk is the first Dog-type coin for the Solana community, with 50% of the total supply going to user airdrops. The BONK development team wants to create a fun meme coin where everyone has an equal opportunity.
The project aims to bring liquidity to Dexs on the Solana ecosystem and will launch an OPENBONK. Currently, Bonk has become a partner with many prominent projects in the Solana ecosystem such as DEXLAB, Raydium, Solend, Helio….
BONK is the utility token of the Bonk project.
BONK will be Airdrop 50% to the community, divided as follows:
Specifications
News
Karam Lakshman underscores the disparity between India’s burgeoning digital scene and its underdeveloped broadband facilities. To tackle this, Wifi Dabba is evolving to a decentralized model to enhance internet access with community partnerships like BONK.
The initiative includes installing cost-effective Wi-Fi hotspots in areas needing service, funded through global contributions. Users benefit from affordable broadband without requiring crypto knowledge, while gaining exposure to token incentives through Wifi Dabba’s services.
Currently, BONK is within a descending channel, indicating a bearish trend. The price has tested the key support level of 0.0000099 USD, a significant point from earlier this year.
Despite some recent price bounce, demand remains weak as shown by the On-Balance Volume metric. The RSI indicates a potential upward shift in momentum, but confirmation through buying pressure is necessary.
The liquidation heatmap indicates important resistance levels at 0.0000113 USD and a more significant one at 0.000014 USD. Traders may target these levels for short-term opportunities.
BONK has experienced a remarkable monthly gain of 21.22% and a notable weekly increase of 44.63%. Calculations indicate that breaking the resistance at $0.00001924 could spark a rally of approximately 38%.
Current market sentiment is strong, driven by notable buying interest, with $2.6 million worth of BONK being moved to private wallets, reflecting investor confidence. Additionally, MACD indicators support a bullish trend, suggesting further price appreciation is likely.
BONK investors are experiencing significant losses, evident in the realized cap of 1.8 billion USD compared to the current market cap of 800 million USD.
The active user engagement has notably declined since November 2024, maintaining a bearish trend despite a recent 16.5% price increase.
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