Meme cryptocurrency trader Unipcs (Bonk Guy) has predicted that BONK will soon reach a new all-time high (ATH). This cryptocurrency has outlined several reasons why the Solana-based meme coin is set to break ATH once again.
Why BONK is about to reach a new ATH
In a post on X, the meme cryptocurrency trader stated that BONK is about to break its all-time high again. He mentioned several reasons why this will happen, including the fact that the meme cryptocurrency has a larger trading volume than Solana on Coinbase, indicating significant interest in BONK among cryptocurrency investors.
Bonk Guy also mentioned that BONK trades a larger volume on Coinbase compared to other leading meme coins, PEPE, Shiba Inu, and Dogwifhat combined. Meanwhile, this meme coin trader is on track to burn 1 trillion BONK tokens, currently valued at about 55 million dollars, by Christmas through his 'Lets BONK' campaign.
Another factor that Bonk Guy believes will lead to these new highs for BONK is the listing on Robinhood, which he believes could happen any time soon. This cryptocurrency exchange recently listed PEPE and could include BONK in its next roadmap. The listing on Robinhood is a bullish catalyst as it would promote the adoption of BONK and lead to a higher price.
BONK also has a trading product on the exchange (ETP) that the meme cryptocurrency trader claims is being prepared for some "serious" institutional acceptance based on what he has heard. This also benefits the price of BONK as institutional acceptance will drive cash flow into the meme cryptocurrency, leading to a higher price.
In line with this, the meme coin trader stated that BONK has clear fundamentals and seems to have been chosen by U.S. retail to be their main meme coin for this cycle. Bonk Guy remarked that things are going to get extremely exciting for BONK soon. Notably, the South Korean exchange Upbit is about to list BONK. Discussing this development, the meme coin trader declared that BONK could be the new favorite meme coin among the Korean people.
The next step is about to take place
In a post on X, cryptocurrency analyst Altcoin Sherpa stated that BONK is preparing for its next move. The analyst advised investors to only buy spot and patiently wait for the next bullish cycle. The accompanying chart shows that the Solana meme coin will surpass its ATH and reach new highs.
Cryptocurrency whales seem to be positioning for this BONK price explosion. In a post on X, the blockchain analytics platform Lookonchain revealed that an intelligent whale is actively accumulating BONK. Chain data shows that this whale has spent 3.4 million dollars to buy 65.4 billion BONK over the past two days. At the time of writing, BONK is trading at a price of about 0.00005524 dollars, up more than 10% in the last 24 hours, according to data from CoinMarketCap.
