Bonk has dived by 14% in the past 24 hours, falling to $0.00002959 as the crypto market drops by 8% in response to positive US economic data. The post Why Is BONK Crashing? Major Losses Hit Meme Coins as Bitcoin Drops Below $100K appeared first on Cryptonews.

Dogecoin is facing a tough day, having dropped almost 10% in the last 24 hours.

A closely followed analyst believes the meme token Floki (FLOKI) is gearing up for rallies en route to fresh all-time highs (ATHs). Pseudonymous analyst Bluntz tells his 306,200 followers on the social media platform X that FLOKI appears to have completed an ABC correction on the daily chart.

PENGU price has dropped roughly 10% in the last 24 hours after becoming Solana's biggest meme coin. Despite its recent popularity, the asset's momentum has slowed, with technical indicators suggesting potential consolidation or further downside.

Influential millionaire trader Unipcs has shared strategies for building conviction and navigating extreme volatility in meme coin trades. What Happened: Recapping an interview with crypto exchange Bybit on Jan. 7, Unipcs emphasized that meme coins rarely rise in a linear fashion; instead, they experience cyclical patterns of sharp pumps and deep corrections.

BONK, the popular Solana-based meme coin, is poised for a massive rally as its price action, recent market sentiment, and continuous token accumulation support its bullish outlook. As of today, January 7, 2024, BONK, with all this bullish momentum, has outperformed major meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and others.

As Bitcoin (BTC), the largest cryptocurrency, is making another attempt to conquer the $100,000 level, dozens of altcoins are losing their value. Popular meme cryptocurrencies are on the list of the worst performers, yet some new cryptos in this sphere have entered the top 100.

FLOKI price action mirrors that of PEPE in early 2024 suggesting the same could follow in Q1 2025.

Crypto analyst Master Kenobi has revealed two levels to watch out for before the FLOKI price hits a new all-time high (ATH). The analyst also revealed the timeline for when the top meme coin could reach these price targets.

As the cryptocurrency segment is recovering from the mediocre start of 2025, the largest meme coins are yet again in the spotlight. Their sentiment inspires double-digit rallies that can only compete with mid-cap altcoins with solid tech accomplishments.

One of the most renowned dog-themed meme coins, BONK, again emerged on crypto traders' and investors' radars on Saturday as it witnessed remarkable price gains against the backdrop of renewed market interest. Notably, BONK price soared roughly 15% intraday, primarily attributable to highly bullish market dynamics.

Earlier this week, FLOKI's open interest stood at $16M.

Cryptocurrency prices today show strong bullish momentum, with Bitcoin rallying to $98K from $92K in a single surge as it marks its 16th anniversary. Internet Computer (ICP) and EOS emerged as top gainers, each recording a 15% price jump over the last 24 hours.

BONK is positioned to benefit from the next bull run as the asset is in an accumulation phase.

For meme coin projects, 2024 was a year of tremendous volatility, characterized by sharp declines, quick expansion, and well-publicized scandals.

AI16Z has achieved a $2.581 billion market cap and set a new benchmark for AI-powered tokens on Solana.

Through a unanimous vote, the Floki DAO has decided to allocate 16.3 billion tokens as liquidity for the launch of the ETP on Floki.

The Floki DAO has unanimously approved a proposal to allocate part of the 16.3 billion Floki tokens from its community buyback wallet as liquidity for a Floki exchange-traded product.

Floki (FLOKI) DAO members unanimously voted to use a portion of the funds from a community buyback wallet, totaling 16.3 billion tokens, as liquidity for the upcoming Floki exchange-traded product (ETP) in the EU.

The Floki DAO has unanimously approved the allocation of liquidity for creating a Floki Exchange-Traded Product (ETP), marking a significant step toward mainstream financial integration, with plans to launch on the SIX Swiss Exchange in early 2025. The post Floki DAO Unanimously Approves Liquidity Allocation for Floki ETP Creation appeared first on Cryptonews.

The Floki DAO has approved a proposal that seeks to allocate a portion of Floki supply as liquidity funding for a Floki exchange-traded product.

Despite the passage of the vote, the price of Floki is down approximately 3.6% in the last 24 hours, according to CoinMarketCap.

Despite the passage of the vote, the price of Floki is down approximately 3.6% in the last 24 hours, according to CoinMarketCap.

The memecoin niche is almost the forgotten sector as most are down 50% and more from the highs. However, Pepe ($PEPE) looks to be staging a breakout, while Dogecoin ($DOGE) and Bonk ($BONK) bulls are attempting to turn their fortunes around.

Bonk has retaken its position as Solana's leading meme coin, reaching a market capitalization of $2.5 billion. The recent surge was after a community-driven token burn and price increase.

The cryptocurrency market continues to experience heightened investor interest and activity as more of these digital assets get integrated into the global financial and technology sectors. From being seen as the future, cryptos are now a reality and more savvy investors want a piece of the over $3 trillion pie.

The renowned dog-themed meme crypto Floki has set the crypto town abuzz, primarily with its looming ETP launch. Following the footsteps of Dogecoin, this looming exchange-traded-product launch has echoed substantial optimism over other meme coins' future actions.

The Floki community recently voted in favor of a proposal that will help create the liquidity needed for the ETP launch, which is now set to go live by Q1 2025. When it goes live, it will become the second memecoin ETP on a regulated stock exchange, following in the footsteps of the Dogecoin ETP.

With so many holders watching closely, FLOKI's recovery could depend on the timing and strength of a potential rally.

FLOKI is poised to become the second memecoin to launch a regulated Exchange-Traded Product after Dogecoin, following a decisive Floki DAO vote that approved allocating tokens for ETP liquidity. The proposal won “overwhelming” support, with 332.7 billion token (99.9%) voting in favor, 328.9 million token abstaining, and none opposing—a result the team described as the first time a DAO proposal passed without any vote against it.

Following the Dogecoin benchmark, the Floki exchange-traded product (ETP) is scheduled to be released in early 2025. This occurred subsequent to the crypto project's decentralized autonomous organization (DAO)'s resounding approval of the allocation of liquidity for the establishment of a Floki ETP, with 99.9% of the vote cast in favor.

BONK's price rebounded following the burn of 1.69 trillion tokens, with the reduced supply boosting its value.

The memecoin BONK, hyped for its dog-themed nature, has hit a rough patch. Even after the big token burn event on December 26—where 1.69 trillion tokens worth $51 million were burned—the price still dropped by 7.2%.

The Floki community has voted unanimously to allocate tokens for creating an exchange-traded product, expected to launch in early 2025. The proposal has sparked heightened interest in the token, reflected by a 58% surge in trading volume and a 5% price increase.

If the vote passes, Floki would join Dogecoin as the second memecoin to secure a registered ETP. This would give institutional investors a new way to gain exposure to the memecoin.

Bonk was expected to take center stage on Christmas Day with a promised 1.69 trillion BONK token burn, but delays left community members outraged and a potential 50% rally in question. The post Holders Turn on BONK After ‘BURNmas' Flop – Can BONK Price Rally 50% Again? appeared first on Cryptonews.

The Bonk (BONK) token experienced a 7.2% decline in price following the recent token-burning event, which successfully removed 1.69 trillion BONK tokens.

Renowned dog-themed meme crypto FLOKI robbed the spotlight from other tokens on Friday, marking a crucial step towards its Exchange Traded Product (ETP) creation. Particularly, the crypto team voted overwhelmingly in favor of a crucial proposal to allow liquidity creation that supports the ETP launch.

Solana-based meme coin Bonk continued its downward rally despite the project recently burning 1.69 trillion BONK tokens. On Dec. 26, over 1.8% of BONK's entire supply, amounting to 1.

BONK, one of Solana's popular meme tokens, is trading at $0.000031, close to its one-month low. This marks a significant drop from its November 22 peak of $0.000053. Open interest in BONK has also fallen to $8.32 million, the lowest in three months, as traders shift their focus to other assets.

The Bonk team initially promised to execute the burn on Christmas Day, but didn't get around to it until a day later on Dec. 26.

The newly launched PENGU token has stolen the spotlight after becoming the largest Solana-based memecoin by market capitalization. The token's rally has gathered massive interest from large-scale investors, who have heavily invested in the token over the last few days.

The development team behind dog-themed meme asset Floki (FLOKI) is announcing a plan to launch a new exchange-traded product (ETP).

Bonk DAO voted in favor of another decrease in the token's supply. The community gathered 1.69T tokens, which were burnt from the DAO's multi-sig wallet.

The Bonk Decentralized Autonomous Organization (DAO) has carried out the much-anticipated token burn, burning over a trillion BONK tokens. This provides a bullish outlook for the top Solana meme coin, although its price has yet to react to this development.

Despite the token burn, BONK struggles with resistance and bearish market sentiment, limiting potential gains.

Floki's (CRYPTO: FLOKI) proposal to launch a Floki Exchange-Traded Product (ETP) has prompted traders to predict bullish price action. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Floki (CRYPTO: FLOKI) $0.0001748 $1.7 billion -1.5% +0.6% Dogecoin (CRYPTO: DOGE) $0.3131 $46 billion -5.6% -2.1% Shiba Inu (CRYPTO: SHIB) $0.00002148 $12.7 billion -6.2% -3.9% Trader Notes: Crypto trader Javon Marks highlighted that FLOKI is showing bullish momentum near a critical resistance level of $0.0002761.