Sell: 0
Neutral: 7
Buy: 18
According to the BONK 1d technical ratings, the trading signal is Strong buy.
Among the oscillator indicators, 0 indicators tend to sell, 5 indicators tend to buy, and 5 indicators tends to be neutral.
Among the moving average indicators, 0 indicators tend to sell，13 indicators tend to buy, and 2 indicators tend to be neutral.
To summarize，0 indicators tend to sell, 18 indicators tend to buy, and 7 indicators tend to be neutral.
Origin and Purpose of Bonk
Bonk Crypto was launched on the Solana blockchain in December 2022, marking its entry into the crypto world with a unique Christmas day airdrop to the Solana community. The creation of this token was not solely to capitalize on the trending meme coin wave. Its conception was purposeful, aiming to contest exploitative VC tokens, showcase Solana’s transactional efficiency, and set itself as the leading community coin in web3.
The team behind Bonk, consisting of 22 Solana veterans, prioritized fair token distribution to:
NFT enthusiasts
DeFi traders
Artists
Collectors who supported the Solana network, especially in light of the FTX crisis.
Tokenomics and Supply
Comprehending Bonk’s value necessitates an understanding of its tokenomics and supply. Bonk has a maximum supply of 1 billion tokens, a crucial aspect of its economic model. To enhance scarcity and potentially elevate the token’s value, Bonk employs a burning mechanism.
Key points about Bonk’s tokenomics and supply:
Maximum supply of 93.53T tokens
Burning mechanism in place
Over +24.64% of the maximum supply has been permanently removed from circulation, signaling a strategic move towards price appreciation.
Furthermore, Bonk incentivizes holding. A system redistributes 10% of transaction fees to all BONK holders, fostering a strong community and reward mechanism, thereby adding to the appeal of holding Bonk tokens.
