💣💣 Solana Memes Are Gaining Ground.
• BONK recovered by 6.5% to $0.0000311 despite the overall market drop of 10.3%
• Strong position with a market capitalization of $2.75B and a monthly growth of 158-185%
• The trading volume of the ecosystem remains robust at $8.4B/24hrs
• LetsBonk.fun now dominates with 64% of new token launches
Main Growth Factors
• Recent burn of 500 billion BONK tokens improving its scarcity
• Approval of the REX-Osprey Solana ETF granting institutional credibility
• Technical pattern showing a bullish flag formation with a potential rise of +50%
• Emerging competitors like PENGU (30% rise, capitalization of $2.67B) creating momentum in the ecosystem