Bonk (BONK) rallied almost 200% in per week and 1000% in a month after main crypto exchanges Coinbase and Binance listed the Solana-based meme coin. Different widespread crypto exchanges additionally introduced the itemizing of Bonk. Nonetheless, merchants and whales have began reserving income inflicting BONK value to pare some positive factors.
BONK Selloff After Main Listings
Lookonchain in a December 15 submit on X revealed that the itemizing of Bonk on main crypto exchanges was a “purchase the rumor, promote the information” occasion for merchants and whales.
A whale bought 52.3 billion BONK tokens valued at $927 and made greater than $750K in revenue. The dealer bought 69 billion BONK when the worth was buying and selling at $0.0000021. The sensible cash then staked tokens from Oct 30 to Nov 29.
On the time of writing, the dealer holds Solana (SOL) price $362,598 however no BONK tokens. All BONK tokens are dumped to crypto exchanges.
Moreover, market maker DWF Labs not too long ago deposited 50 billion BONK price $1.6 million into Binance.
This comes as Crypto.com additionally adopted Coinbase and Binance to record the trending meme coin Bonk. Customers can begin buying and selling BONK on the alternate beginning December 15.
Additionally Learn: SHIB, GALA, & CHZ Leads Smart Money Token Inflow List
Solana Cell Offered Out For Free Bonk Airdrop
Individuals moved to seize Solana Mobile to capitalize on Bonk airdrop. Solana Cell introduced the entire sell-out of Saga telephones in the USA.
After the current rally, Bonk airdrop is price greater than Solana Cell. Persons are claiming 30 million BONK airdrop price over $900 after shopping for their Solana Cell.
BONK value jumped greater than 100% previously 24 hours, with the worth at present buying and selling at $0.0000298. The 24-hour high and low are $0.0000141 and $0.0000341, respectively. Moreover, the buying and selling quantity has elevated by 400% within the final 24 hours, indicating an increase in curiosity amongst merchants.
Additionally Learn: Binance Delists Multiple XRP, ADA, SOL, MATIC & Other Top Liquidity Pools