Bonk drops 13%, analysts watching 3 meme coin alternatives
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BONK is trending after it rose 316% in one month, peaking at $0.000035 on Dec. 15. The surge follows its listing on Binance and Coinbase. But after the initial excitement wore off, BONK retraced by almost 50% in the 12 days. Bonk drops as traders take profits Listings on Binance and Coinbase often spark some excitement, leading to temporary price spikes. However, this excitement is frequently followed by a market correction as early investors cash out, a trend evident in BONK’s recent price movement. After peaking on Dec. 15, BONK more than halved in the next few days. Recent data from CoinGecko shows that BONK is down by about 14% in the last 24 hours. It’s trading near $0.00001556 at press time, with a market capitalization of over $947 million. You might also like: Missed BONK? Here are other mid-cap tokens on Solana...