Currency $BONK is currently experiencing a slight decline, as its price dropped from 0.00001872 to 0.00001786 in the last few hours. This represents a decrease of approximately 4.6% in the last 24 hours, after the currency had a significant increase in the previous days.

Factors affecting the price

- Lets,,Bonk.Fun: Data showed that the platform launched its own meme coin $BONK

(Lets,,Bonk.Fun) launched 7,714 meme coins yesterday, making it the second largest platform after Pum,,p.fun. This increased activity enhances the value of the BONK ecosystem.

- High returns: The Lets,,Bonk.Fun platform achieved a trading volume of $95.36 million in the past 24 hours, generating $327,000 in fees, with projected annual revenues of $38.25 million.

- Buyback and burn of coins: 29,300 SOL (out of 58,500 SOL in platform revenues) have been used to buy back and burn $BONK coins, reducing supply and supporting price in the long term.

Performance compared to the market

While the cryptocurrency market is experiencing a general decline, BONK recorded an increase of 6.92%, outperforming many major currencies like TON, which fell by 2.05%.

Outlook

In the short term, #BONK faces resistance at the level of 0.00001850, and may see further correction due to the significant rise it experienced in previous days. However, the strong fundamentals of the project, especially with the success of the Lets,,Bonk.Fun platform, may support a potential rise in the near future.

The level of 0.00001750 is currently an important support level, as maintaining it could lead to a new rebound wave towards the 0.00001900 levels.

External factors

The performance of BONK is also influenced by the overall trend of the cryptocurrency market, especially the performance of the Solana network, as BONK is one of the most popular meme coins on the Solana network. Additionally, the increase in trading volume on meme coin platforms on Solana enhances the overall value of the BONK ecosystem.

The above information has been researched and summarized through personal effort, and does not constitute investment advice. #OneBigBeautifulBill #NFPWatch #REX-OSPREYSolanaETF #DYMBinanceHODL