{"id":32296,"date":"2024-06-12T10:34:15","date_gmt":"2024-06-12T10:34:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pepe-bonk-surge-despite-sell-off-in-memecoins\/"},"modified":"2024-06-12T10:34:15","modified_gmt":"2024-06-12T10:34:15","slug":"pepe-bonk-surge-despite-sell-off-in-memecoins","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pepe-bonk-surge-despite-sell-off-in-memecoins\/","title":{"rendered":"Pepe, Bonk surge despite sell-off in memecoins"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/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\/2024\/06\/pepe-memecoin-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/pepe-memecoin-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/pepe-memecoin-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/pepe-memecoin-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">PEPE and BONK look to be defying this outlook with notable gains in the past 24 hours.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Respected crypto analyst Michael van de Poppe believes a crypto bounce is likely amid multiple macroeconomic events this week.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Pepe (PEPE) and Bonk (BONK) are leading top meme coin gainers today as Dogecoin and Shiba Inu struggle alongside the broader <a href=\"https:\/\/coinjournal.net\/news\/\">crypto market<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin\u2019s sharp declines on Tuesday, coupled with bleeding for Ethereum, Solana and other altcoins, saw the sell-off pressure cascade into memecoins.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Analyst on crypto market outlook<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to crypto analyst Michael van de Poppe, while BTC and altcoins have struggled with downside pressure, a \u201cbottom could be in\u201d amid several macroeconomic events lined up for this week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It includes the anticipated CPI release, FOMC meeting and the Federal Reserve\u2019s interest rate decision. These are events that could have a notable impact on the broader market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThe markets have been correcting down as the anticipation of these events usually has a negative relationship with the price action on the crypto markets, especially altcoins. On top of that, Roaring Kitty\u2019s event and GameStop\u2019s correction of last week didn\u2019t have a positive impact on the price action,\u201d he <a href=\"https:\/\/x.com\/CryptoMichNL\/status\/1800815305892995179\" target=\"_blank\" rel=\"noopener\">posted<\/a> on X.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Van de Poppe says a bullish flip is likely given previous market reactions to FOMC meetings.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Pepe price<\/span><\/h2>\n<p><span style=\"font-weight: 400\">PEPE traded to lows of $0.00001163 on June 11, hitting the level amid downside pressure across the market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While the<a href=\"https:\/\/coinjournal.net\/news\/tag\/pepe-coin\/\" rel=\"\"> price of Pepe<\/a> remains below a downtrend line formed after the rejection from around $0.000017 in late May, today\u2019s bounce sees it trade near $0.000013. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This price level has Pepe up 8% in the past 24 hours after paring some of the early gains amid intense volatility across the meme coin market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nonetheless, PEPE looks poised for more upside action if buyers hold the support area.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Bonk price<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Bonk (BONK) is the first Solana-based dog-themed memecoin, which went parabolic in late 2023 to help Solana break above the $200 level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In recent months, this token has lagged newly launched counterparts such as dogwifhat (WIF). However, Bonk remains a top meme coin on Solana and is currently soaring alongside GME.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Price of Bonk is currently at $0.00002872, up 6% in the past 24 hours. BONK soared to an all-time high of $0.00004547 in March this year. <\/span><\/p>\n<p><span style=\"font-weight: 400\">While down 17% this past week, today\u2019s bounce could spark a new surge.<\/span><\/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><a href=\"https:\/\/coinjournal.net\/news\/pepe-bonk-surge-despite-sell-off-in-memecoins\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) PEPE and BONK look to be defying this outlook with notable gains in the past 24 hours. Respected crypto analyst Michael van de Poppe believes a crypto bounce is likely amid multiple macroeconomic events this week. Pepe (PEPE) and Bonk (BONK) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":32297,"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\/32296"}],"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=32296"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/32297"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}