Puppy Bonk is in the news in the wave of market fluctuations 🐶
Latest news about (BONK)
1. Price performance and expectations:
- Punk coin has risen by 56% over the past two weeks, reaching a price of $0.000028. This rise came after the formation of a “double bottom” pattern on the daily chart, indicating a possible continuation of the upward trend. Expectations indicate that the currency may rise by an additional 55% before facing significant resistance.
2. Burning and supply reduction operations:
- It has been proposed that about 84 billion Bonk coins in the DAO treasury be burned during the second quarter, with the aim of reducing the supply and increasing the value of the remaining coins. Earlier, the developers burned 5 trillion Ponk coins, reducing the supply significantly.
3. Partnerships and Collaborations:
- Bonk has established new partnerships with Octo Gaming and the Paris Mousquetiers team, aiming to enhance the gaming experience and increase adoption of the currency. In addition, Ponk has been listed on the Revolut platform, and $1.2 million of Ponk will be distributed as part of an educational campaign aimed at attracting new users.
summary
Recent developments indicate that Ponk is showing strong performance in the market, supported by strategic moves to reduce supply through burns, and expand the user base via new partnerships and educational programs. Despite these positives, the market remains volatile, and it is always important to do your research.
