SOL - Solana's Meme Coin Drops From All-Time Highs By Over 40%: Analyst Says 'Late Bulls Punished On BONK' | Benzinga
BONK (CRYPTO: BONK), a relatively new dog-themed cryptocurrency, has surged almost 1,000% in just a matter of weeks as the broader Solana (CRYPTO: SOL) ecosystem gains momentum.
What Happened: Analysts, however, are warning that late investors in BONK are being punished as the coin suffers from significant volatility.
Pentoshi, a pseudonymous cryptocurrency analyst, said on X that “late bulls [are being] punished on ”, noting that the coin had experienced a sharp drop of almost 50%. Despite the slump, BONK is still up 35% over the last seven days and 400% in the past 30 days.
The coin has been gaining popularity over the past few weeks, reaching a new all-time peak last week of $0.00003416. However, the latest data from CoinGecko ...