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Dogecoin Rival BONK Rallies Almost 20%: Bullish Trader Doubles Down, Another Declares ‘BONK Is The Next DOGE’

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Amid the Spot Bitcoin ETF approval frenzy, memecoin Bonk BONK/USD catapulted 19.5% higher in the last 24 hours. This week, a trader who had previously made millions from betting on Bonk has again invested in the memecoin.

What Happened: Bonk skyrocketed 19.5% over the last 24 hours, taking its seven-day gains to over 30%. That contrasts the performance of other memecoins, such as Dogecoin DOGE/USD, which is up only 8% on the day and almost flat on the week (+0.2%), and Shiba Inu SHIB/USD, up 7.5% on the day. 

Interest in BONK is backed by notably higher a 24-hour trading volume of $592 million compared to $338 million in SHIB over the same timeframe

Why It Matters: Lookonchain, an on-chain data analytics firm, indicated that a trader who earned significant profits by purchasing BONK earlier is optimistic about the token again.

The trader, who previously earned $6.9 million from BONK, spent 386 Solana SOL/USD, equivalent to $40,000, to buy 3.29 billion BONK on Tuesday.

In the past nine months, the trader has collected 371.4 billion BONK, spending 6,998 SOL equivalent to $276,000. During the BONK rally, the trader sold half of the BONK for $5.2 million.

What’s Next: Self-proclaimed “degen” X user notEezzy tweeted “BONK is the next $DOGE, $WIF is the next $BONK. $MYRO is the next $SHIB.”

Ansem, a prominent Solana influencer, tweeted “yea so I heard the bitcoin etf just got approved, what are you guys buying? what’d you say it’s called? bonk? so it’s like Dogecoin on Solana?”


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Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
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