Solana
‘Shiba Inu On Solana’ Participates in ‘Explosive Rally,’ Millionaire Trader Predicts by Benzinga
Benzinga – Unipics crypto trader, also known as “Bonk Guy,” shared his bullish outlook on Bonk (CRYPTO:BONK), predicting an imminent explosive rally.
What happened: “Bonk guy” attributes BONK’s recent weakness, especially on weekends, to the continued allocation of tokens to OpenBook users. Every Friday, 161 billion tokens, worth around $4 million, are released, creating a significant source of selling pressure. However, with less than two weeks until the end of the vesting period, the trader anticipates a change in market dynamics.
bonk was the best performing memecoin of 2023
it reached over 10,000% towards the end of the year, when many thought it was dead
The problem with memecoins is that they are incredibly volatile, both up and down.
when bonk rallies next it will trigger fomo and absolutely tear apart https://t.co/EZmKGpcm8v
—Unipcs (aka ‘Bonk Guy’)