BonkDAO's “BURNmas” event plans to burn 1.69 trillion BONK tokens worth $54 million, reducing the total supply by 1.8%.

The broader Solana meme coin market surged to $18.2 billion, representing a 10.3% increase over the last day, driven by PENGU's performance.

A $54.52 million worth of token burn is the goal of this Solana meme community-driven project to increase BONK's demand in the crypto market.

WhiteBIT, a leading European cryptocurrency exchange has significantly expanded its collateral offerings by adding 60 new cryptocurrencies. This raised the total number of collateral assets supported to over 80 and added more versatility to the trading platform.

Pudgy Penguins surges in the last 24 hours even as most cryptos recover from recent corrections.

The cryptocurrency market is buzzing with activity as Solana (SOL) teases a potential breakout, and memecoins like Dogwifhat (WIF) aim for recovery. Amidst this excitement, a new player, DTX Exchange (DTX), is set to redefine trading by offering a unified platform for managing diverse assets. Let's explore these developing trends from a closer lens.

According to widely-followed crypto influencer ‘artchick,' Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) will not be the main meme coin beneficiaries of a rally. The influencer's forecast hinges on Bitcoin (CRYPTO: BTC) maintaining its momentum and Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) outperforming.

Apart from day traders, the rest should be wary of BONK's bullish chances until the $0.00004 resistance is flipped to support.

Bonk has risen by 0.5% in the past 24 hours, as its DAO gears up to burn over 1 trillion BONK. The post BONK Targets 1 Trillion Burn by Christmas – Could Prices Explode 328,000%? appeared first on Cryptonews.

The better-performing altcoins have lost between 20-30% during this downturn so far. However, in the memecoin niche things are a lot worse, with losses amounting to 40-60%.

Dogwifhat has witnessed significant bearishness lately, losing 40% of its value within the past month. Nevertheless, prevailing price actions suggest a possible market shift. The dog-themed cryptocurrency joined today's altcoin bounce-back, gaining nearly 10% after steadying around the $1.885 barrier.

Fear and uncertainty fill the Solana (SOL) meme coin scene! Tokens like Dogwifhat (WIF) and Bonk (BONK) are bleeding value, leaving many investors frustrated and anxious. Once the darling of internet culture, these coins have seen their prices plummet, sparking questions about their future.

The concerns over meme coin season have increased, as witnessed by the volatile trading with many top coins like DOGE, SHIB, WIF, and others, continuing their declines today. Meanwhile, the decline comes amid a gloomy sentiment noted in the broader crypto market, indicating a shifting market focus.

Here is how some of your favorite assets concluded the week.

WIF could face further declines but retains an overall bullish market sentiment.

Crypto prices today are showing bearish momentum as Bitcoin (BTC) dropped below the $97K level, marking a sharp decline from its $108K all-time high earlier this week. The BTC price hit a low of $92K, reflecting significant volatility.

Bonks community-backed 1 trillion token burn is sparking fresh momentum as the $0.11 price goal takes center stage. With a Christmas deadline and rapid market growth, Bonk is capturing the attention of crypto investors worldwide.

The founder's daring price objective has added gasoline to the fire of market speculation. More than 810 billion tokens have already been verified for burning since the campaign's debut.

Most meme coin prices rebounded on Saturday, Dec. 21, after falling for most of the week, with their combined market cap rising by 4.7% to $109 billion. Shiba Inu (SHIB) price rose by 12.6% to an intraday high of $0.

The $0.00004 resistance zone identified on the daily chart had a sizeable concentration of liquidation levels around it.

In a recent recovery on Saturday, Solana-based BONK led the rally among dog-themed meme coins, as Bitcoin bounced back above $98,000 after a steep drop to around $93,000 on Friday. Memecoins Surge As per data from Coingecko, BONK surged 30%, while Dogecoin, Shiba Inu, Dogwifhat and Floki Inu surged as much as 20%.

Bonk has unveiled its bold plan to burn 1 trillion tokens as part of its ongoing “BURNmas campaign”, with its founders predicting a price target of $0.11. If the BONK token reaches this price, it would represent an incredible 328,000% gain from its current price.

Memecoins are known for their high volatility and tend to outperform major tokens during price rallies, serving as a leveraged bet

Story Highlights The live price of the BONK token is BONK coin price may reach a high of $0.000085 by the end of 2024. BONK, with a potential surge, could reach a maximum of $0.0050 by the end of 2030.

The crypto market is facing significant this week and the price of meme coins like Floki and Bonk are falling sharply today following a dire outlook from the Federal Reserve regarding inflation and the pace at which they plan to cut rates next year.

Prominent cryptocurrency and stock trading platform Robinhood continued to expand its meme coin offering with the listing of Bonk. According to a Dec. 20 announcement, the Solana-based meme coin will now be accessible to over 24 million Robinhood users.

Some of crypto's best meme coins have been rocked by a sharp downturn, with tokens like Pepe, Bonk, and Floki suffering catastrophic losses. Hailed as the tokenized epitome of internet culture and speculative euphoria, holders of these tokens now wonder if there is much future in them.

The price of Dogfwifhat dropped by 16.5% in the past 24 hours and accumulates a 25% decline in the past 7 days as the tailwind provided by its recent listing on Coinbase appears to be fading.

Bitcoin (BTC) slumped below $100,000 after Federal Reserve Chairman Jerome Powell said the central bank is not allowed to own Bitcoin and is not looking for a law change.

Dogwifhat (WIF) price reached its highest levels since March 2024 earlier this month, reflecting an astonishing 1386% gain for the year. However, WIF has faced a correction, declining roughly 11% in the last 24 hours as bearish signals intensify.

The market cap of Solana meme coin Bonk (BONK) has dropped by $1.8 billion within the last 30 days. This drawdown came amid the token 34.11% price decrease.

Dogwifhat (WIF), the popular Solana-based meme coin, is poised for a price decline as its daily chart flashes a bearish signal. However, token holders appear to be dumping their holdings on exchanges, as reported by the on-chain analytics firm Coinglass.

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The memecoins have been quiet of late, as all eyes have been on Bitcoin ($BTC). Is it now time for the memes to bounce?

The past week has seen significant movement across altcoins, with Chainlink (LINK) surging nearly 20% to reach its highest price since November 2021, driven by strong buying pressure.

Here is how some of your favorite assets concluded the week.

The second week of December saw mixed performances for meme coins, with most experiencing double-digit declines. This development, as stated in this meme coins weekly recap, aligns with the broader market condition that has seen most cryptos lose hold of the bullish momentum they recently had.

The lawsuit could reshape crypto exchange practices, highlighting potential antitrust issues and influencing future digital asset listings. The post BiT Global sues Coinbase over unfairly delisting wBTC while allowing PEPE, WIF to trade appeared first on Crypto Briefing.

Solana meme tokens are still highly active, with five assets breaking the $1B market cap barrier. AI agents are also boosting Solana meme activity.

BONK finds itself under increasing selling pressure as its recent rally falters, raising concerns about the token's ability to sustain its upward momentum. Struggling to maintain its gains, the price has started a fresh drop toward the $0.00002962 key support level, indicating a possible bearish continuation.

Keep an eye on THESE factors, as they'll determine whether you should HODL or break even.

On-chain data shows $45.73 million in BONK token outflows from exchanges during December 2024, coinciding with bullish technical patterns and a 5.65% price increase in the last 24 hours.

In a recent YouTube video, crypto analyst Crypto Banter revealed top altcoins that could soar up to 50x during this market rally. As excitement builds in the crypto space, these coins are drawing massive attention from investors eager for big gains.

On-chain metrics reveal that exchanges have witnessed $45.73 million worth of BONK outflow.

Bonk (CRYPTO: BONK) continues to chase Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), performing slightly better than its two bigger rivals over the past 24 hours. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Bonk (CRYPTO: BONK) $0.00003949 $2.98 billion +2% -8.4% Dogecoin (CRYPTO: DOGE) $0.4148 $60.9 billion +0.2% -8.1% Shiba Inu (CRYPTO: SHIB) $0.0000288 $16.9 billion +0.2% -10.1% Trader Notes: Crypto trader Cold Blooded Shiller noted Bonk chart is reflecting a huge weekly retest:

Dogwifhat whale sells 1.2 million WIF tokens worth $3.47 million as bears dominate the market.

A Dogwifhat (WIF) whale has conducted a significant transaction that has intrigued the community. The volume of the transaction and the duration the whale held the asset have raised concerns among a segment of traders and investors alike.