BONK surges 30%, faces competition from new meme coin at $6.5M

BONK, a meme coin built on the Solana blockchain, was distributed as an airdrop to the Solana community on December 25, 2022. The project features a Shiba Inu dog as its mascot, drawing inspiration from the well-known memecoin, Dogecoin (DOGE). 

During the third week of December 2023, BONK experienced a remarkable surge of over 100% following its listing on Coinbase, the largest cryptocurrency exchange in the United States based on trade volume. However, its price is pumping again, rising by 30% in 24 hours. At the same time, Meme Kombat ($MK) soars towards $6.5 million, showing its readiness to take all the attention for itself!

Meme Kombat – Rising meme coin star soaring to $6.5M 

Meme Kombat, an Ethereum-based token, is thriving amidst the excitement of the cryptocurrency market. Meme Kombat stands out by its fusion of gaming, gambling, staking, and decentralized finance components into a unified platform, all themed around widely recognized internet memes. On this platform, users have the opportunity to wager the native $MK token in battles featuring iconic meme characters such as Doge, Shiba Inu, and Wojak.

Not only does this meme coin bring excitement, but it also brings utility that the crypto investors want to see. In the presale stage of $MK, participants enjoy a distinctive chance to earn rewards without the usual 10-day lock-in period impacting their holdings. This exception arises because the restriction prevents trading $MK tokens on Decentralized Exchanges (DEX) until the presale concludes. The APY currently stands at 146%, and it is an ideal opportunity for investors to earn passively.

Nevertheless, participants should be mindful that claiming rewards initiates a reset of their lock-in period each time. This crucial detail should be considered in strategic planning for reward claims. Upon the $MK launch on a DEX/CEX, the withdrawal and trading capabilities of your $MK tokens will be directly tied to the latest balance activity associated with your staked $MK tokens. 

The investors can transition to dynamic staking upon the rollout of the $MK dApp. Every $MK holder will have the opportunity to both claim and stake their $MK tokens within the official $MK staking pool. The Annual Percentage Yield (APY) earned from staking $MK will vary depending on the number of participants in the pool. This project’s features are the reasons why it managed to soar towards $6.5 million so far, and it will surely not stop any time soon!

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Irresistible Meme Kombat features: A guide for investors

Besides staking, the investors also have a chance to enjoy automated battles and, therefore, free from tampering. With Al, there is no doubt that the battles will bring an unforgettable experience for the enthusiasts, equally enjoying a good game as much as cryptocurrencies. The users can also bet on the outcomes, which can also bring rewards in case of winning. 

Participants have the flexibility to designate a percentage of their staked tokens for betting, enabling strategic allocation aligned with their risk tolerance and gaming preferences. Staked tokens offer versatility in betting, encompassing various types such as direct betting, PvP (player versus player), and PvGame (player versus game). This allows users to win additional $MK tokens and other enticing prizes.

The seamless integration of staking and betting within the web-based platform ensures a smooth experience for users, allowing them to manage their tokens while actively participating in the game effortlessly. If you have been looking for a meme coin to add to your portfolio, look no further!

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What is behind BONK’s price pump?

Bonk, also recognized as Bonk Inu and Bonk!, stands as the predominant meme token on the Solana blockchain, boasting a substantial presence with over 500,000 wallets holding it and a fully diluted market cap exceeding $1.2 billion.

Amid the prevailing bearish sentiment on Solana following the FTX collapse, during a period when skepticism surrounded Solana’s viability and its associated projects, a team comprising 22 individuals initiated an airdrop of a new token to eligible Solana wallets on Christmas 2022. Originally conceived as a lighthearted endeavor, this initiative unexpectedly triggered a significant surge, impacting not only the BONK token itself but also Solana (SOL) and several of its projects.

Distinguishing itself from other meme coins that often offer only the coin itself, Bonk sets itself apart by actively developing and introducing new products. The project has already launched an NFT collection, a trading bot, and a token swap. Furthermore, the BONK token serves as an accepted payment method across various Solana projects, allowing users to utilize BONK for activities such as minting NFTs, participating in NFT raffles, and more.

The optimistic shift in momentum ignited a formidable rally that saw Bonk reaching its peak at $0.000004061 five months after the airdrop. Investors who capitalized on purchasing at the low point and selling at the zenith enjoyed a staggering profit of 4,315%. 

The 30% surge BONK is going through now cannot be overlooked, but despite the recent surge, it still lags behind its all-time high of $0.000034 on December 15, 2023, by a significant 63%. Sentiment data indicates a remarkable 97% increase in Bonk’s social volume over the last 24 hours, primarily driven by activity on Telegram and X.

The recent listing on OKX could contribute to Bonk’s upward momentum. On January 8, the Seychelles-based crypto exchange announced the listing of BONK on its spot trading platform, with withdrawals set to commence on January 9. The price pump shows that now is a good time for meme coins, and even though BONK is in a favorable position, its peak might not be reached again. This is why investing in new coins such as Meme Kombat can bring the best results, so don’t miss out!

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Conclusion

Investors are witnessing positive changes in the market these days, which only confirms the predictions analysts made regarding the bull run that can be expected this year. Seeing BONK’s price pump is surely positive, but Meme Kombat’s presale raising $6.5 million is a strong indicator of the future that awaits this token. If you wish to make the most of the upcoming bull run, reserve your seat among the $ MK’s early investors before it’s too late!

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