Bonk Bucks Bearish Trend as Meme Coin Rivals Struggle
Bonk has defied the recent slump in the meme coin market by rising 10% to reach $0.000015. While other meme coins like Dogecoin, Shiba Inu, and Floki Inu have experienced significant losses, Bonk has trended upwards.
One possible reason for Bonk’s resilience is its hosting on Solana instead of Ethereum. Another Solana-based meme coin, dogwifhat, has also seen gains this week. Bonk’s trading volume has increased by 65% and reached $603 million, surpassing Shiba Inu’s trading volume.
Viral Meme Kombat Presale Gains Ground & Hits $6.5M Funding Milestone
Meme Kombat (MK), another meme coin, has seen substantial gains this week. Its presale has surpassed the $6.5 million funding milestone as investors worldwide rush to participate. The discounted rates offered during the presale have attracted early investors who can buy MK tokens for just $0.279.
The upcoming Uniswap listing is expected to cause a significant price spike for Meme Kombat due to increased liquidity and accessibility. Additionally, Meme Kombat’s allocation of 10% of total MK supply for DEX liquidity ensures price stability.
Sponge V2 Defies the Odds as Investors Clamor for New Meme Coin
Sponge V2 (SPONGEV2) is another meme coin that has defied the bearish sentiment in the market this week. It is the next version of the original Sponge (SPONGE) meme coin launched in May 2023.
Sponge V2’s developers are introducing the “Stake-to-Bridge” protocol, allowing holders of the original SPONGE token to stake them and earn SPONGEV2 as a reward. With a reward rate of 358% per year, over $3.9 million worth of SPONGE has already been staked.
Sponge V2’s play-to-earn gaming integration and the development of a blockchain-based racing game have garnered attention from YouTubers like ClayBro.
Hot Take: Meme Coins Show Resilience Amid Market Slump
While many meme coins have suffered losses in the recent bearish market, Bonk, Meme Kombat, and Sponge V2 have shown resilience and gained ground. Bonk’s hosting on Solana and increased trading volume contribute to its success. Meme Kombat’s presale funding milestone and upcoming Uniswap listing generate investor interest. Sponge V2’s Stake-to-Bridge protocol and play-to-earn gaming integration make it an attractive option for investors. Despite the volatile nature of meme coins, these three tokens demonstrate the potential for gains even during market slumps.
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