BONK Signals Strong Recovery
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Meme coin BONK surged 15% on May 19, capitalizing on the market’s resurgence.
At the time of writing, BONK traded at $0.0000261 with a market cap of $1.66 billion.
Last week, the cryptocurrency market experienced a significant resurgence, with the global market cap increasing by 8%, reaching $2.44 trillion.
This rise represents an over $150 billion gain, bolstered by substantial increases in most leading cryptocurrencies. Bitcoin, in particular, made notable strides, surpassing the $67,600 mark overnight.
Following this overall market upturn, meme coins faced significant attention. Among them, Bonk (BONK) initially showed bearish trends but capitalized on the market revival on May 19, recording a 15.3% daily gain and ending the day at $0.00002598.
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