$BONK Price Crashes 30% From Top As Traders Back New Meme Coin $MK
The Solana blockchain’s biggest meme coin BONK! ($BONK) is seeing a big pullback from earlier weekly highs.
BONK! recently hit its highest levels of the year above $0.0000055 per token, but the price has since pulled back over 30% to around $0.00004.
Still, that leaves $BONK up a super impressive near 2,500% from October’s lows.
The surge in the meme coin’s price comes alongside a pump in recent weeks in the Solana (SOL) price amid a broader crypto market rally fuelled by optimism about institutional adoption with spot Bitcoin ETF approvals seemingly coming in the US very soon.
While BONK! is certainly a hot prospect right now, it’s far from the only meme coin attracting a lot of interest.
An up-and-coming meme coin called Meme Kombat ($MK) has been generating huge hype thanks to its unique value proposition, given its token powers a fun platform that sits at the intersection of GameFi and GambleFi.
The token’s presale has already raised a whopping more than $2 million as top traders back the token.
Meme Kombat is a web3 platform that blends together the world of crypto gaming and gambling with its exciting platform were users are able to bet on the outcomes of exciting battles between characters based on some of the crypto world’s most popular meme coins.
Given its strong appeal to meme coin investors and GameFi and GambleFi addicts, Meme Kombat is expected to have a wide appeal.
$MK is currently priced at $0.214, but will be rising 10% to $0.225 when the presale enters its next stage in just under 6 days.
The price of $MK is now $0.214
Read more on cryptonews.com
