2024

Solana

Parabolic

Bitcoin

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<p dir="ltr">Solana’s flagship meme coin, BONK, is on a bullish rampage today, jumping by more than 30% to&nbsp;<a href="https://coinmarketcap.com/currencies/bonk1/" rel="noopener noreferrer nofollow">take its price to $0.00001265</a>. After BONK got significantly spanked by the bears, it is arguably charting the bullish resurgence on Solana, with almost all metrics now in the green.</p>
<p dir="ltr">BONK’s trading volume is significantly elevated, showcasing a renewed interest among buyers. Per data from CoinMarketCap, this metric has jumped by 212% to $404,460,679, a figure that has shrunken the weekly losses from more than 20% to 12.4% at the time of writing.</p>
<h2 id="smart-whale-influence">Smart whale influence</h2>
<p dir="ltr">The resurgence in the price of BONK might be traced to market whales who are making strategic acquisitions of the meme coin. According to insights shared by Lookonchain, one such whale recently acquired 386 SOL worth about $40,000 to buy a total of 3.29 billion BONK today.</p>
<blockquote>
 <p lang="en" dir="ltr">This smart trader who made ~$6.9M on <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BONK</a> spent 386 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($40K) to buy 3.29B <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BONK</a> again today!He accumulated 371.4B <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BONK</a> in 9 months at a cost of only 6,998 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($276K) and sold half of the <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BONK</a> during the <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BONK</a> surge for 50,139 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($5.2M).<a href="https://t.co/pOFRD2ndI8" rel="noopener noreferrer nofollow">https://t.co/pOFRD2ndI8</a> <a href="https://t.co/lkgGm13G0e" rel="noopener noreferrer nofollow">pic.twitter.com/lkgGm13G0e</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1744605955646783915?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 9, 2024</a>
</blockquote>
<p dir="ltr">This particular whale is historically attracted to BONK and was one of the&nbsp;<a href="https://u.today/bonk-sees-68-price-spike-but-then-retraces-massively-are-whales-behind-this" rel="noopener noreferrer nofollow">early adopters</a> who made more than $6.9 million on the Solana-based meme coin.</p>
<p dir="ltr"><a href="https://twitter.com/lookonchain/status/1744605955646783915?s=20" rel="noopener noreferrer nofollow">According</a> to Lookonchain, this whale has acquired a total of 371.4 billion BONK within the space of nine months at a cost of only 6,998 SOL, or $276,000. Within this time, the whale smartly sold half of the BONK during the BONK surge for 50,139 SOL, raking in $5.2 million in profit.</p>
<p dir="ltr">With the renewed accumulation, there is a likelihood that the whale is seeing a trend the majority are not seeing, and this suggests a more defined rally may be ahead for BONK.</p>
<h2 id="solana-ecosystem-revival">Solana ecosystem revival</h2>
<p dir="ltr">Market analysts and observers are optimistic that Solana is on track to lead the current market trend even though Bitcoin is notably the clear determinant of the current momentum.</p>
<p>Solana led the mega-cap rally in 2023 and&nbsp;<a href="https://u.today/solana-sol-on-mega-bullish-rampage-next-crucial-target-locked" rel="noopener noreferrer nofollow">retested the $100 resistance level</a> in a remarkable uptrend chart in the early hours of today. With BONK’s rally, expectations now mount over the likely reboot of other&nbsp;<a href="https://u.today/new-solana-meme-coin-dogwifhat-price-skyrockets-50-next-bonk" rel="noopener noreferrer nofollow">meme coins like Dogwifhat</a> and AnaloS, among others.</p>

BONK Goes Parabolic With 30% Surge, Here's Potential Trigger

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