Why BONK’s Temporary Slump Is the Hidden Catalyst Behind Its Explosive 51% Surge—Don’t Miss This Critical Insight!
Key takeaways
BONK may have dropped 7% in a day, but it’s still one of the top-performing memecoins this week, with over 50% gains. While some short-term traders may be cooling off, strong Open Interest and rising Funding Rates show that many investors are still betting on BONK’s momentum.
Bonk [BONK] slipped nearly 7% from yesterday’s highs, raising eyebrows across the trading floor.
But zoom out, and the picture is still remarkably bullish. Weekly gains remain impressive, suggesting this may be less of a reversal and more of a healthy breather.
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