Solana’s BONK Crashes 50% In 24 Hours, Is It Time To Get Out?

Solana’s BONK Crashes 50% In 24 Hours, Is It Time To Get Out?
Solana-based BONK has been all the craze since the start of the new year. The meme coin had risen from obscurity to the largest meme coin on the Solana ecosystem in less than two weeks, recording massive gains for investors during this time. However, the hype seems to have reached its peak and BONK has begun the dreaded downward correction. BONK Falls 50% In 24 Hours In the last day, the price of BONK  has rapidly declined, losing more than 50% of its value during this time. It hit its all-time high price of $0.0000049 on Thursday when the hype was at its peak but since then, has fallen to $0.000002. Related Reading: Ethereum Could Jump 27% To Trade At $1,600, How Is This Possible? This was after recording a more than 4,000% return rate in a 10-day period and reaching a market cap of over $200 million. However, as is the case with meme coins, holding on to such gains becomes impossible with no real utility and eventually, the sell-offs dragged its price back down. Being a digital currency driven by purely social s ..

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