BONK and PEPE outperform meme coins following rise
BONK has gained 8% in 24 hours, reversing previous week's losses.
BONK outperformed all leading cryptocurrencies since the market dip.
PEPE and SHIB rise while DOGE, WIF, FLOKI, and BRETT fall despite market improvement.
BONK rose roughly 8% on Monday as the meme currency recovered from huge losses after the Mt.Gox payout and German government BTC unloading. PEPE rose 6% as bulls bought the drop.
BONK and PEPE lead meme coins.
BONK rebounded 8% on Monday after last week's crypto market crash. BONK became the only meme currency trading in the green among >$1 billion cap tokens with a 0.6% weekly gain.
Since mid-June, when the crypto market fell, BONK has stood out in the meme industry. The data below reveals that the meme token has fallen 3% in three weeks, the lowest among leading meme currencies.
As it seeks to overtake Solana meme coin leader dogwifhat (WIF), BONK is up over 200% since April.
BONK's repurchase scheme via the Bonkbot, a London event, and collaborations with Heliopay and Binance may explain its success in tumultuous times.
BONK might swiftly challenge $0.000034 major barrier, which it failed to surpass for over two months after falling from its all-time high in March, if market pessimistic mood dissipates. After rallying on May 20, BONK dropped and has been below resistance since June 7.
With a 5% gain in 24 hours, PEPE has broken the negative trend. Since its exchange net flow was -1 trillion PEPE on July 7, PEPE bulls are buying the decline.
Along with PEPE, SHIB has been climbing gently, gaining 2% in 24 hours.
DOGE, WIF, FLOKI, and BRETT, other prominent meme currencies, have battled to overcome selling pressure.