BONK's price action might go in either direction, depending on a few key things.
The saga began after the Dec. 5 announcement of PENGU, the project's Solana-based memecoin, which initially sparked a rally in NFT prices.
Despite recent corrections, the crypto market has highlighted four emerging Solana rivals showing strong growth. These altcoins have demonstrated resilience, attracting significant attention for their potential price movements.
Coinbase put three new assets on its listing roadmap: PENGU, POPCAT, and MORPHO. This announcement only caused momentary price gains for all three tokens, possibly suggesting that the market is less interested.
Cryptocurrencies on Feb.7, 2025, traded largely mixed. While several altcoins, including Flare (FLR) and Ripple (XRP), gained, recent outperformers such as Pudgy Penguins (PENGU), Bittensor (TAO) and Hyperliquid (HYPE) struggled with downside pressure. Bitcoin's retest of the $100k level was brief as the price retreated to below $98k.
As sellers dominate the meme coin segment, BONK price crashed to a new low in 2025. Will the falling prices take a quick turnaround or is a 36% downfall inevitable?
BONK burns 2 trillion tokens in a $34M event, but prices keep sliding.
Despite massive token burns, Bonk (CRYPTO: BONK) is down 30% over the past week. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Bonk (CRYPTO: BONK) $0.00001755 $1.35 billion -0.3% -32% Floki (CRYPTO: FLOKI) $0.00009063 $871 million -2% -31.1% Dogwifhat (CRYPTO: WIF) $0.7421 $741.4 million -5% -39.8% Trader Notes: Crypto trader Nebraskangooner notes that Bonk's chart forming a "squiggly line" pattern, while analyst Ali Martinez sees a buy signal on the daily chart, signaling a potential price recovery.
Pudgy Penguins recently burned over $150 million in unclaimed Solana tokens after ending its PENGU token claim earlier than expected.
After a year of explosive price growth, the Solana based meme coin, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern.
Coinbase has announced plans to introduce perpetual futures contracts for three digital assets—PENGU, Popcat, and Helium (HNT). The new markets will launch on Coinbase International Exchange and Coinbase Advanced on February 13, 2025.
Coinbase, the top U.S.-based cryptocurrency exchange, has announced trading support for perpetual futures for Pudgy Penguins, Popcat, and Helium. On Feb. 6, Coinbase said it will add support for Pudgy Penguins (PENGU), Popcat (POPCAT) and Helium (HNT).
Pudgy Penguins recently burnt 12 billion PENGU tokens but the move did not prevent an 11.5% drop in token price.
BONK price found support at $0.000018 on Wednesday, as the crypto market continued to battle the fallout from escalating tensions between the US and China over trade tariffs. With Solana memecoin markets plunging by another 11.4%, the broader trend appears bearish, posing a significant downside risk for BONK.
Pudgy Penguins burned unclaimed Solana airdrop tokens earlier than originally planned, and PENGU's price dipped lower afterwards.
After a somewhat difficult start to the week, stablecoins, meme coins, and the crypto market in general saw a glimmer of light yesterday, with the introduction of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Introduced by US senator Bill Hagerty, the bill aims to establish a regulatory framework for stablecoins.
BONK shows potential for a market rally as sentiment begins to shift.
A project focused on the meme coin market called the Doge Jones Industrial Average (CRYPTO: DJI) has announced the beta launch of its new DJI App, a self-custody index platform designed for meme coins. The platform, which is now live, enables users to buy, hold,and manage an index of these digital assets directly.
The crypto trenches were lined with disappointment as Trump's tariffs nuked the charts. Can Dogecoin and other meme coins withstand a full-blown trade war?
Solana (SOL) drops to $200 as traders shift focus from BONK to emerging altcoin DTX, now trading at $0.16. Discover the potential of DTX tokens on the DTX Exchange.
Here is how some of your favorite assets concluded the week.
Solana meme coins WIF and BONK continue to struggle, reflecting the broader downturn in the sector. WIF has dropped to nearly $1, its lowest level in eight months, while BONK risks testing key support levels as its EMA lines signal a continued downtrend.
The NFT market has pulled back alongside broader crypto weakness, with Bitcoin falling to $101,000 and Ethereum dropping to $3,200. Latest CoinMarketCap data shows that the overall crypto market cap has slipped to $3.5 trillion from last week's $3.
BONK price rose to $0.25 on Friday, up 9% in the last 3 days as bulls regained control after a rut of 7 consecutive losing days last week. While technical indicators showing further upside potential, TRUMP ton BONK price rebound begins after week-long losing streak BONK price experienced intense volatility as Solana's memecoin ecosystem became
With just five days left in the claim period, time is running out. Those who haven't grabbed their share of the popular token need to act fast.
Solana's (CRYPTO: SOL) leading meme coin, Bonk (CRYPTO: BONK), has seen a price dip, but traders continue to emphasize its strong fundamentals and potential for a major rally. What Happened: Crypto trader Unipcs argued on Thursday on X that there's no reason to be bearish on BONK at current levels, citing multiple bullish catalysts.
CEO Luca Netz said that If it's not fun and viral, there's no reason to build on Abstract.
Smart buyers are looking at cheap tokens with much room to grow as the cryptocurrency market gets ready for its next big rise
The tussle between DOGE, BONK, and DTX leaves experts questioning the price hikes these can achieve after ETF approval. DTX, BONK, and Dogecoin prices are sure to shoot.
While the global cryptocurrency market rebounds from a recent decline, as the market cap rises by almost 2%, Bonk (BONK), the pioneering dog-themed coin on the Solana blockchain, has experienced a notable price decrease. As of January 29, 2025, BONK is priced at $0.00002531, reflecting a drop of 17.60% in the last week.
During the first days of launch, Abstract, the layer-2 of Ethereum launched by Pudgy Penguins, is encountering difficulties in gathering liquidity.
Just $33 million worth of ether and stablecoins is currently deployed on Abstract.
The likely scenario for the Pudgy Penguin memecoin was a bounce to to collect liquidity before continuing its downtrend.
The crypto market's recovery has not benefited all altcoins, as some continue to face sharp declines. While Bitcoin holds steady at $102,200, several altcoins remain in a downtrend, struggling to regain momentum.
Eric Balchunas, a senior Bloomberg ETF analyst, has suggested that the potential for a Bonk 2x ETF remains strong.
PENGU price has plunged nearly 26% in the last 24 hours, reaching its lowest levels ever. Once the biggest meme coin on Solana, it has now been overtaken by TRUMP, BONK, and DOGWIFHAT.
The ETF Store president Nate Geraci believes that memecoins would take “questionable investments packaged into exchange-traded funds (ETFs)” to an entirely new level.
Igloo Inc. just launched its consumer-focused Ethereum layer-2 chain Abstract, but Pudgy Penguins assets are falling amid benefit gripes.
The crypto market managed to recover Monday's sharp losses, but the volatility left a lasting impact on several altcoins. Despite the broader market rebound, some tokens failed to recover fully, with the drawdown leaving them vulnerable.
Although Bitcoin and Ethereum rule the crypto market, smart investors know that the lesser-known tokens with great fundamentals always have the most growth. There are relatively low-risk altcoins like Rexas Finance (RXS), Dogecoin (DOGE),
Tuttle Capital Management has filed for several exotic leveraged cryptocurrency ETFs that are seemingly meant to test the boundaries of the new SEC leadership.
A leveraged ETF uses financial derivatives and debt to amplify the daily returns of the underlying security.
Igloo Inc., the company behind Pudgy Penguins, has officially launched Abstract Chain. Abstract is an Ethereum (ETH) layer-2 blockchain built to simplify access to Web3 applications.
In an astounding development, Abstract Chain, an Ethereum Layer-2 network launched by Pudgy Penguins' parent company, Igloo Inc., has gone live on the mainnet. Reportedly, the Ethereum-based Layer 2 blockchain is designed to empower crypto communities and facilitate user-centric Web3 applications.
How the larger Igloo ecosystem benefited PENGU's price in the last 24 hours.
Bitcoin (BTC) witnessed a sudden slump late on Sunday as the price plummeted from around $105,000 to an intraday low of $100,905. The flagship cryptocurrency is struggling to recover and is trading around $101,400, having dropped over 3% over the past 24 hours.
A tale of two traders - How PENGU's retail and whale investors are shaping the token's destiny.
PENGU token breaks above $0.028 resistance level with $430.56 million in trading volume, showing technical strength despite recent weekly volatility.