Bonk 'Isn't A Meme Coin Anymore' After Robinhood Crypto EU Listing, Member Of Crypto's Voting Council Says
Portfolio Pulse from Khyathi Dalal
Bonk (CRYPTO: BONK) experienced a 121% increase over the week, despite facing sell pressure after its listing on Robinhood Crypto EU for select jurisdictions. The listing allows users to trade Bonk and earn Bitcoin rewards. Additionally, Bonk launched its first public game, MoonwalkFitness, with an entry fee of 1.234 million BONK tokens. Despite a 24-hour trading volume of $1.85 billion, Bonk's price is currently down 20%. The coin ranks fourth in social activity among meme coins and has been trending on Stocktwits.
March 05, 2024 | 7:29 pm
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Bonk (CRYPTO: BONK) listed on Robinhood Crypto EU, launched MoonwalkFitness game, and experienced a significant trading volume but is currently facing a 20% price drop.
The listing of Bonk on Robinhood Crypto EU and the launch of the MoonwalkFitness game are significant developments that typically would contribute to positive sentiment. However, the current 20% price drop indicates that despite these developments and a high trading volume, Bonk is facing sell pressure. This could be due to a variety of factors including market saturation, profit-taking after the recent price surge, or broader market conditions. The high relevance and importance scores reflect Bonk's direct involvement in the news, while the confidence score acknowledges the unpredictable nature of cryptocurrency markets.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100