Unipcs (Bonk Guy), a meme coin trader, has made a bold prediction that BONK will soon hit a new all-time high (ATH). He provided several reasons to support this claim, indicating that the Solana meme coin is on the verge of breaking through ATHs once again.
According to Bonk Guy, BONK is poised to surpass all-time highs due to its significant trading volume on Coinbase, which demonstrates a high level of interest among crypto investors. In fact, BONK trades more volume on Coinbase than other popular meme coins such as PEPE, Shiba Inu, and Dogwifhat combined. Additionally, the meme coin trader plans to burn 1 trillion BONK tokens, valued at around $55 million, through the ‘Lets BONK’ campaign by Christmas.
Another factor contributing to the potential surge in BONK’s price is the possibility of a listing on Robinhood. Bonk Guy believes that a listing on the popular crypto exchange could happen soon, following the recent listing of PEPE. A listing on Robinhood would likely boost BONK’s adoption and drive up its price. Furthermore, BONK has an exchange-traded product (ETP) that is primed for institutional adoption, which could lead to substantial inflows and higher prices.
The meme coin trader emphasized that BONK has solid fundamentals and has been chosen by American retail investors as their primary meme coin for this cycle. With an upcoming listing on the South Korean exchange Upbit, BONK could become a favorite among Korean investors as well.
In a separate analysis, Altcoin Sherpa suggested that BONK is gearing up for a significant price movement. The analyst advised investors to buy and hold spot positions to capitalize on the potential price surge. A chart accompanying the analysis indicated that the Solana meme coin is likely to break through its ATH and reach new highs.
Additionally, on-chain analytics platform Lookonchain highlighted a smart whale accumulating BONK, having spent $3.4 million to acquire 65.4 billion BONK over the past two days. At the time of writing, BONK is trading at around $0.00005524, showing a 10% increase in the last 24 hours.
Overall, the outlook for BONK appears optimistic, with various factors pointing towards a potential rally in its price. With strong trading volume, potential listings on popular exchanges, institutional adoption, and whale accumulation, BONK could be on track to reach new all-time highs in the near future.
