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BONK Drops $90 Million in Market Cap in 10 Days: Is the Buzz Over?

Bonk was controlling a market cap of $58,44 million as of this writing.This is a drop of approximately $90 million in the past 10 days.Millions of Bonk tokens had been burned...
BONK Drops $90 Million in Market Cap in 10 Days: Is the Buzz Over? BONK Drops $90 Million in Market Cap in 10 Days: Is the Buzz Over?
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  • Bonk was controlling a market cap of $58,44 million as of this writing.
  • This is a drop of approximately $90 million in the past 10 days.
  • Millions of Bonk tokens had been burned according to the Solana team.

The meme-based cryptocurrency, Bonk (BONK), recently had considerable capital inflows, but is now under selling pressure with the early enthusiasm around the token appearing to be waning.

At press time, BONK had a market cap of $58.44 million, representing a loss of about $90 million within 10 days. The token had a market cap of $150.94 million on January 6, according to CoinGecko data.

BONK 10-day market cap chart, source: Coingecko

It is essential to keep in mind that once this token was available for Solana (SOL) developers and the NFT community, BONK registered a price breakout in comparison to the rest of the market.

Industry experts noted that a price gain was also recorded for Solana after many weeks of correction, which was beneficial to the crypto since developers had recently shown support for the token.

On the same note, it was reported by the Solana team that millions of BONK tokens had been burned, and it is believed that the token will play an important part in the impending release of the Solana smartphone.

Solana Mobile additionally claimed that every pre-order for a Solana Saga phone would result in the burning of 5 million BONK tokens. These 5 million BONKs will allegedly be airdropped into the wallets used to purchase the Solana Saga smartphones.

In conclusion, BONK has been changing hands at $0.000001 in the past 24-hours with a trading volume of $21 million within the same period. On the upside, BONK has surged by 21.08% in the last 24-hours, pushing it to a CoinMarketCap ranking of No. 2,595.

The post BONK Drops $90 Million in Market Cap in 10 Days: Is the Buzz Over? appeared first on Coin Edition.

See original on CoinEdition

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08-02-2023 00:38:33 (UTC+7)

EUR/USD

1.0694

-0.0036 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (10)

EUR/USD

1.0694

-0.0036 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (10)

GBP/USD

1.2004

-0.0011 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (8)

USD/JPY

131.32

-1.33 (-1.00%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (5)

AUD/USD

0.6920

+0.0039 (+0.57%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (10)

USD/CAD

1.3449

+0.0003 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

EUR/JPY

140.41

-1.92 (-1.35%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

EUR/CHF

0.9884

-0.0076 (-0.76%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (4)

Gold Futures

1,886.25

+6.75 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (6)

Silver Futures

22.190

-0.047 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

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Buy (0)

Sell (8)

Copper Futures

4.0430

+0.0080 (+0.20%)

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↑ Sell

Moving Avg:

Buy (5)

Sell (7)

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Sell (9)

Crude Oil WTI Futures

76.51

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Brent Oil Futures

83.11

+2.12 (+2.62%)

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Natural Gas Futures

2.516

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Sell (12)

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Buy (0)

Sell (9)

US Coffee C Futures

177.07

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Buy (11)

Sell (1)

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Buy (10)

Sell (0)

Euro Stoxx 50

4,209.31

+3.86 (+0.09%)

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↑ Buy

Moving Avg:

Buy (12)

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Buy (9)

Sell (1)

S&P 500

4,111.96

+0.88 (+0.02%)

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Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (3)

Sell (7)

DAX

15,320.88

-25.03 (-0.16%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,864.71

+28.00 (+0.36%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Hang Seng

21,298.70

+76.54 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

US Small Cap 2000

1,945.70

-9.10 (-0.47%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

IBEX 35

9,172.40

+13.20 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

BASF SE NA O.N.

52.950

0.000 (0.00%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (8)

Bayer AG NA

58.95

+0.76 (+1.31%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (6)

Allianz SE VNA O.N.

219.40

+0.10 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Adidas AG

153.08

-2.28 (-1.47%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (0)

Sell (8)

Deutsche Lufthansa AG

9.653

-0.150 (-1.53%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Siemens AG Class N

140.86

-2.10 (-1.47%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Deutsche Bank AG

11.530

+0.174 (+1.53%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

    EUR/USD 1.0694 ↑ Sell  
    GBP/USD 1.2004 ↑ Sell  
    USD/JPY 131.32 ↑ Sell  
    AUD/USD 0.6920 Neutral  
    USD/CAD 1.3449 ↑ Buy  
    EUR/JPY 140.41 ↑ Sell  
    EUR/CHF 0.9884 ↑ Sell  
    Gold 1,886.25 ↑ Sell  
    Silver 22.190 ↑ Sell  
    Copper 4.0430 ↑ Sell  
    Crude Oil WTI 76.51 ↑ Sell  
    Brent Oil 83.11 ↑ Sell  
    Natural Gas 2.516 ↑ Sell  
    US Coffee C 177.07 ↑ Buy  
    Euro Stoxx 50 4,209.31 ↑ Buy  
    S&P 500 4,111.96 ↑ Sell  
    DAX 15,320.88 ↑ Buy  
    FTSE 100 7,864.71 ↑ Buy  
    Hang Seng 21,298.70 ↑ Sell  
    Small Cap 2000 1,945.70 ↑ Sell  
    IBEX 35 9,172.40 ↑ Buy  
    BASF 52.950 Neutral  
    Bayer 58.95 ↑ Sell  
    Allianz 219.40 ↑ Buy  
    Adidas 153.08 Neutral  
    Lufthansa 9.653 ↑ Buy  
    Siemens AG 140.86 Buy  
    Deutsche Bank AG 11.530 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,650/ 6,710
(0/ 0) # 1,344
SJC HCM6,655/ 6,735
(0/ 0) # 1,371
SJC Hanoi6,655/ 6,737
(0/ 0) # 1,373
SJC Danang6,655/ 6,737
(0/ 0) # 1,373
SJC Nhatrang6,655/ 6,737
(0/ 0) # 1,373
SJC Cantho6,655/ 6,737
(0/ 0) # 1,373
Cập nhật 08-02-2023 00:38:35
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$1,873.70 +5.4 0.29%
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RON 95-V24.00024.480
RON 95-III23.14023.600
E5 RON 92-II22.32022.760
DO 0.05S22.52022.970
DO 0,001S-V24.28024.760
Dầu hỏa 2-K22.57023.020
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WTI $76.66 -1.9 -2.54%
Brent $83.01 -1.8 -2.21%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.420,0023.790,00
EUR24.663,7826.055,52
GBP27.653,4728.844,48
JPY174,04184,33
KRW16,1919,73
Cập nhật lúc 18:50:03 07/02/2023
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