$SHIB $FLOKI $BONK Why should you buy and hold SHIB, FLOKI, BONK right now?

Meme coin has emerged as one of the most promising sectors amid this year's bull cycle. At this time, meme coins such as SHIB, FLOKI and BONK have leading ROI rates, promoting solid confidence from investors.

Whale accumulations are increasing

Many reports highlight that whale accumulation of SHIB and FLOKI is increasing. This hints at growing confidence among large-scale investors in the meme coin's future price fluctuations.

On-chain data in the market has illustrated massive accumulation amid this year's bull cycle, signaling that these tokens could see further gains in the coming days.

Analyze derivative data

Meanwhile, data from Coinglass also paints an optimistic picture of meme coins like SHIB, FLOKI and BONK.

When looking at the open interest chart, we can see that SHIB Futures' Ol has increased to an unprecedented level since February this year. Furthermore, BONK and FLOKI OI also followed suit, rising to record highs since the start of this year's bull run.

SHIB, FLOKI and BONK price fluctuations

CoinMarketCap data further highlights the impressive price rise of these meme-based investment products this year. It is worth noting that a post-BTC halving price increase has yet to take place.

The Shiba Inu's yearly chart shows a 192.8% increase, while FLOKI is up 622% during the same period. On the other hand, BONK has spiked over the past year, with an 8822% increase.

Meme coins are being discussed a lot in the cryptocurrency market. #SHIB #FLOKI #BONK