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Solana's Momentum Bolstered by BONK Memecoin Listing
OKX's addition of Solana (SOL) tokens, notably the memecoin BONK, garnered attention. BONK's surge attracted whales, yielding a trader a $6.9 million profit. SOL experienced significant growth, with a 141% surge in daily active addresses, showcasing a vibrant user base. Solana's developmental strides, thriving developer community, and an 11.2% surge in SOL's price to $100.54 affirm its growing optimism in the market.
BONK Faces 12% Dip as Solana Slows Down
BONK experiences a 12% dip amid Solana's retracement. Analysts caution of a potential slow bleed, emphasizing the impact of profit-taking on Solana and its ecosystem tokens. While BONK remains the third-largest by market cap, emerging contenders like CorgiAI pose a threat. Despite recent surges, BONK has lost over half its value since its all-time high in December. Analyst Nebraskagooner warns of ongoing uncertainty, urging vigilance among investors.
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