$BONK

An increase of 36% over the week

The meme coin markets are experiencing a new wave of activity that has pushed the sector's market value up by about 4.2% in the last 24 hours to settle around $60.3 billion according to CoinGecko, continuing a wave of increases that began a few days ago, pushing its market value to $56 billion after rising by 25% due to increased trading intensity for speculation. Today, its momentum shows no signs of slowing down, as its trading volumes exceeded $10.7 billion in the last 24 hours.

Leading the wave of increases is BONK - the meme coin based on the Solana blockchain - gaining increasing momentum that has pushed its value up by more than 35.5% compared to last week, rising to the 78th position in the cryptocurrency ranking by market value after reaching $1.25 billion; during the last twenty-four hours alone, the total trading volume of BONK amounted to $232 million, driven by a breakout of daily price movements on its chart from a widening wedge pattern - one of the technical patterns indicating the potential for continued upward momentum.

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