Bonk Drops 30% Despite Massive Token Burn: What Is Going On?
Posted On February 7, 2025
Despite massive token burns, Bonk (CRYPTO: BONK) is down 30% over the past week.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Bonk (CRYPTO: BONK) | $0.00001755 | $1.35 billion | -0.3% | -32% |
| Floki (CRYPTO: FLOKI) | $0.00009063 | $871 million | -2% | -31.1% |
| Dogwifhat (CRYPTO: WIF) | $0.7421 | $741.4 million | -5% | -39.8% |
Trader Notes: Crypto trader Nebraskangooner notes that Bonk’s chart forming a “squiggly line” pattern, while analyst Ali Martinez sees a buy signal on the daily chart, signaling a potential price recovery.
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