Meme coin trader Unipcs (Bonk Guy) has predicted that BONK will soon hit a new all-time high (ATH). The crypto further outlined several reasons why the Solana meme coin is about to blast through ATHs again.
Meme coin trader Unipcs (Bonk Guy) has predicted that BONK will soon hit a new all-time high (ATH). In an X post on Monday, the crypto trader outlined several reasons why the Solana meme coin is about to blast through ATHs again.
Bonk Guy highlighted the fact that BONK has more volume than Solana on Coinbase, indicating massive interest in the meme coin among crypto investors. Bonk Guy also mentioned that BONK trades more volume on Coinbase than the other top meme coins, PEPE, Shiba Inu, and Dogwifhat combined.
Additionally, Bonk Guy's ‘Lets BONK’ campaign is set to burn 1 trillion BONK tokens, which are currently valued at around $55 million, by Christmas.
Bonk Guy also pointed out that a Robinhood listing could be on the cards for BONK, with the crypto exchange having recently listed PEPE and with BONK being a likely next candidate. A Robinhood listing would be bullish for the price, as the exchange is known for boosting the adoption and price of the coins it lists.
Another factor that Bonk Guy believes will lead to these new highs for BONK is an exchange-traded product (ETP), which the crypto trader said is getting primed for some “serious” institutional adoption from what he has heard.
“BONK was chosen by American retail as their main meme coin for this cycle, and it has clear fundamentals. Things should get super interesting for BONK soon enough. Also, Upbit listing next week. I wonder if BONK could be the favorite new meme coin among Korean normies,” Bonk Guy said in his X post.
In another X post, crypto analyst Altcoin Sherpa said that BONK is loading for the next move, with the analyst advising investors to just buy spot and be patient for the next leg up. The accompanying chart suggested that the Solana meme coin is set to blast through its ATH and reach new highs.
Crypto whales appear to be positioning for this BONK price explosion, with on-chain analytics platform Lookonchain revealing a smart whale that has spent $3.4 million to buy 65.4 billion BONK over the last two days.
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