The fluctuation in the encryption market remains high in Meme currencies like Bonk is based in Solana It was not left of this. Wild fluctuations in the plague continue from the M -currency, but this has not stopped the intensive purchase that has continued during the past few days. In fact, Bonk, the second largest Mimian currency on Solana Blwchin behind Trump Quinn, is witnessing large purchases of smart money.
Smart funds still buy a bonk
In x (formerly Twitter) mailThe Solana Post newspaper revealed that Bonk is still a preferred investor as they continue to buy strongly in the M -currency. Using data from the leg series, it showed that among the prominent metal currencies on Solana Blockchain, Bonk has seen most of the participation Investors are smart money.
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Smart money investors refer to well -known investors that they buy early on the symbols that end well. They have a decent victory rate and often, it ends up buying a special code long before the start of the gathering and achieved most of the gains. Thus, when a large number of these “smart money” buy a certain encoded currency, they tend to attract attention because it may be the next hostility.
Post Solana revealed that Bonk Mimi currency He was getting most of the purchases of smart money, with more than $ 500,000 investing. This was taken for three days, and it was miles away from other competitors such as Popcat, WiF and Pengu.
While the bonk purchase value has decreased to less than $ 600,000, Pengu and WiF amounted to less than $ 500,000, and Popcat was less than $ 200,000. This purchase series indicates that smart money investors expect the Bonk price to rise and the purchase volume can contribute to its payment further.
Solana Meme currencies on the space
Solana Meme currencies like Bonk have proven to be a better investment option for market leaders such as Dogecoin and Shiba Inu. Last month, Bonk rose more than 40 %, while others like POPCAT increased by 43 %, and Fartcoin rose by 32 %. DogwFhat’s performance was exceptionally good during this time frame, as it rose more than 100 % to double its price and a height over one dollar again.
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On the other hand, the price of Dogecoin increased by 25.55 % on the monthly graph at the time of writing this report. Shaiba Eno, on the other hand, has increased worse, with only 7.6 % monthly increase, according to Data From Coinmarketcap. Given the wide variation in the monthly returns, the Solana Meme currencies have proven to be a better option.
Distinctive image from Dall.e, Chart from TradingView.com
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