{"id":25271,"date":"2023-12-27T12:51:20","date_gmt":"2023-12-27T12:51:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bonk-price-sheds-12-as-solana-pares-gains\/"},"modified":"2023-12-27T12:51:20","modified_gmt":"2023-12-27T12:51:20","slug":"bonk-price-sheds-12-as-solana-pares-gains","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bonk-price-sheds-12-as-solana-pares-gains\/","title":{"rendered":"Bonk price sheds 12% as Solana pares gains"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1701860144255-fa321744-b77b-4519-842c-c3f90ce10bc9-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1701860144255-fa321744-b77b-4519-842c-c3f90ce10bc9-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1701860144255-fa321744-b77b-4519-842c-c3f90ce10bc9-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1701860144255-fa321744-b77b-4519-842c-c3f90ce10bc9-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bonk (BONK) was trading 12% down as Solana (SOL) moved lower after its recent surge.<\/li>\n<li dir=\"ltr\">An analyst says BONK could see a \u201cslow bleed before nuke\u201d, suggesting the downward move could gather pace.<\/li>\n<\/ul>\n<p dir=\"ltr\">Meme coin Bonk (BONK) is trading about 12% down in the past 24 hours, the dip coming amid increased profit taking deals for <a href=\"https:\/\/coinjournal.net\/solana\/\">Solana (SOL)<\/a>.<\/p>\n<p dir=\"ltr\">According to data from CoinGecko, SOL price was down 2% to around $112 as the recent rally appeared to hit brakes above $123. These are the levels that Solana traded at as it nosedived in April 2022.<\/p>\n<p dir=\"ltr\">As <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" rel=\"noopener noreferrer\" target=\"_blank\">liquidations<\/a> for the cryptocurrency mounted to over $20 million \u2013 more than $12 million in longs \u2013 the pullback in SOL reflected in the Solana ecosystem tokens such as Bonk, Orca and Jito.<\/p>\n<p dir=\"ltr\">Bonk swelled more than 10x amid major exchange listings by Binance and Coinbase. The gains also saw a <a href=\"https:\/\/coinjournal.net\/news\/solana-phone-sold-out-in-the-us-amid-bonk-driven-demand\/\">massive demand for Solana Saga phones<\/a>.<\/p>\n<h2 dir=\"ltr\">What next for BONK?<\/h2>\n<p dir=\"ltr\">While BONK remains the third largest by market cap behind Shiba Inu and Dogecoin with over $958 million, another swing lower could see CorgiAI threaten that status quo. The CORGIAI token currently has a market cap of $769 million, with the meme coin\u2019s price up 80% this past week.<\/p>\n<p dir=\"ltr\">BONK is still more than 59% up in the past two weeks and over 350% in the green over the past month. However, at current prices, the meme coin has lost more than half of its value since hitting the all-time high of $0.00003416 on December 15.<\/p>\n<p dir=\"ltr\">Crypto analyst Nebraskagooner says BONK could see a \u201cslow bleed\u201d before it nukes.<\/p>\n<p>\u201cDoesn\u2019t look done yet. Needs to hold the base of that breakout candle on the left otherwise it would get super ugly,\u201d the analyst noted, sharing the prediction in a<a href=\"https:\/\/twitter.com\/Nebraskangooner\/status\/1739858953654108367\">\u00a0<u>post<\/u><\/a> on X (formerly Twitter).<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bonk-price-sees-12-drop-as-solana-pares-gains\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bonk (BONK) was trading 12% down as Solana (SOL) moved lower after its recent surge. An analyst says BONK could see a \u201cslow bleed before nuke\u201d, suggesting the downward move could gather pace. Meme coin Bonk (BONK) is trading about 12% down in [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25271"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25271"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25272"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}