🔴 $WIF AND $BONK 2 RISING MEME COINS 🔴

In the midst of a market downturn, Solana-based meme coins WIF and BONK have shown resilience. WIF saw a 7% increase, signaling a return of bullish sentiment, while BONK rose by 2% within a day. This uptick comes after a period of decline for WIF, which had previously erased gains from a surge in March. Despite hitting a three-month low, WIF experienced a 43% rebound before succumbing to broader market pressures.

BONK, too, recovered from an initial drop, posting an 18% increase after a 15% decline, ending the day with a 3% gain. This performance contrasts with other meme coins like DOGE, SHIBA, and $PEPE , which remained in a slump.

The overall crypto market is still feeling the effects of Mt. Gox’s BTC repayment plan, with significant cryptocurrencies like Bitcoin and Ethereum dropping 2.3% and 4.6%, respectively, leading to a $570 million market loss. Given their volatility and smaller market caps, meme coins are particularly vulnerable to market shifts and could face more significant losses if the bearish trend persists. Overall, meme coins have seen a 10.6% decrease in market value compared to a 3.4% fall in the broader crypto market.

#WIF #SOFR_Spike #Bitcoin❗ #US_Job_Market_Slowdown #BinanceTurns7