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Bonk (BONK) rallied practically 200% in every week and 1000% in a month after main crypto exchanges Coinbase and Binance listed the Solana-based meme coin. Other fashionable crypto exchanges additionally introduced the itemizing of Bonk. However, merchants and whales have began reserving earnings inflicting BONK worth to pare some good points.

BONK Selloff After Major Listings

Lookonchain in a December 15 submit on X revealed that the itemizing of Bonk on main crypto exchanges was a “buy the rumor, sell the news” occasion for merchants and whales.

A whale bought 52.3 billion BONK tokens valued at $927 and made greater than $750K in revenue. The dealer bought 69 billion BONK when the worth was buying and selling at $0.0000021. The good cash then staked tokens from Oct 30 to Nov 29.

At the time of writing, the dealer holds Solana (SOL) value $362,598 however no BONK tokens. All BONK tokens are dumped to crypto exchanges.

Furthermore, market maker DWF Labs just lately deposited 50 billion BONK value $1.6 million into Binance.

This comes as Crypto.com additionally adopted Coinbase and Binance to record the trending meme coin Bonk. Users can begin buying and selling BONK on the change beginning December 15.

Also Read: SHIB, GALA, & CHZ Leads Smart Money Token Inflow List

Solana Mobile Sold Out For Free Bonk Airdrop

People moved to seize Solana Mobile to capitalize on Bonk airdrop. Solana Mobile introduced the whole sell-out of Saga telephones within the United States.

After the current rally, Bonk airdrop is value greater than Solana Mobile. People are claiming 30 million BONK airdrop value over $900 after shopping for their Solana Mobile.

BONK worth jumped greater than 100% prior to now 24 hours, with the worth presently buying and selling at $0.0000298. The 24-hour high and low are $0.0000141 and $0.0000341, respectively. Furthermore, the buying and selling quantity has elevated by 400% within the final 24 hours, indicating an increase in curiosity amongst merchants.

Also Read: Binance Delists Multiple XRP, ADA, SOL, MATIC & Other Top Liquidity Pools

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Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a know-how fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the enormous potential of those modern future applied sciences. He is presently protecting all the newest updates and developments within the crypto trade.

The introduced content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.