Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»From 19,000% Gains to 50% Crash – Is the BONK Craze Over?
EXCHANGE NEWS

From 19,000% Gains to 50% Crash – Is the BONK Craze Over?

By Crypto FlexsDecember 23, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
From 19,000% Gains to 50% Crash – Is the BONK Craze Over?
Share
Facebook Twitter LinkedIn Pinterest Email

BONK Coin took the cryptocurrency world by storm in late 2023, quickly rising in value by more than 19,000% since its launch in October. However, since peaking in mid-December, meme coins are now down 50%, leaving investors wondering if the hype is over.


key point

  • BONK Coin has soared quickly, rising more than 19,000% since October, but is currently down 50% from its mid-December peak.
  • The price decline is due to the market entering a correction phase after a sharp surge and the trading dynamics of exchange listings and new trading bots.
  • Further price declines are expected and the 0.682 Fibonacci level is considered a potential target.
  • There is still optimism that BONK could rebound after the holidays, but the initial hype and price frenzy appears to be over.
  • In the long term, BONK aims to help restore liquidity to the Solana ecosystem as a community meme coin.

BONK has grown significantly on the meme coin wave, generating excitement in the Solana community. The coin aims to restore liquidity to Solana-based decentralized exchanges (DEXs) and provide a community token that can be used across dApps.

Upon launch, Solana’s price soared 34%. Listings on major exchanges such as Binance and Coinbase further fueled the BONK craze. However, while listings can bring short-term gains, they often lead to post-listing declines as early investors cash out. This is a pattern that can be seen in BONK’s trajectory.

BONK hit an all-time high of $0.000035 on December 15 before plummeting 31% in value the same day. This meant strong selling pressure. On December 20, it continued to fall to $0.000017, down 50% from its peak.

Analysts attribute BONK’s sharp decline to its entry into a correction phase following an unsustainably steep 2,247% rise from November to December. A correction helps rebalance the price after a sharp rise.

Additionally, Binance launched a new AI-powered BONK trading bot on December 21, adding complexity to trading dynamics. Bots are designed to optimize trading, but they can increase volatility. Binance also offered BONK staking rewards to attract interest, but the incentives proved insufficient to maintain prices.

This behavior mirrors the trend of other post-listing meme coins such as SHIB. Listings on major exchanges often trigger spikes and corrections. This suggests a common market mechanism for newly listed meme tokens.

Although it’s disappointing for investors, BONK’s developers remain optimistic. They anticipate a potential rebound similar to the recoveries of other cryptocurrencies after their post-listing declines. However, the widespread holiday trend will likely result in a short-term cooldown for the coin before the hype begins again.

In the long term, BONK aims to have a practical utility in restoring liquidity as a decentralized community token for the Solana ecosystem. But for now, the mania phase appears to be over, with the coin settling into a more mature and less volatile state. Our future trajectory depends on restoring investor confidence and delivering on our core mission.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

Bitcoin Price Struggle $ 113K -Will Bulls take a break?

September 9, 2025
Add A Comment

Comments are closed.

Recent Posts

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Stop Dreaming About The Lottery. Join H Mining And Start Earning!

September 14, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Binance’s new Defi Initiative sparked Rollish Momentum, and BNB hit a new ATH of more than $ 900.

September 13, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

BNBCapital Emerges As Top Immutable DeFi Protocol With 239% Returns And Zero Admin Functions

September 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025
Most Popular

Bitcoin (BTC) surpasses $100,000 for 2025 amid market optimism.

December 18, 2024

NBA embroiled in $4.2 billion lawsuit over Voyager cryptocurrency collapse

February 9, 2024

Cango Inc. Announces Completion Of Secondary Acquisition And Appointment Of New Leadership Team

July 23, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.