Meme Coin Trader Says BONK Is Headed For Recent ATH, Here's Why

Meme coin trader Unipcs (Bonk Guy) has predicted that BONK will soon hit a recent all-time high (ATH). The crypto further outlined several the explanation why the Solana meme coin is about to blast through ATHs again.

Why BONK Is About To Reach A Recent ATH

In an X post, the meme coin trader said that BONK is about to blast through all-time highs again. He mentioned the explanation why this could occur, including the undeniable fact that the meme coin has more volume than Solana on Coinbase, which indicates massive interest in BONK amongst crypto investors.

Bonk Guy further mentioned that BONK trades more volume on Coinbase than the opposite top meme coins, PEPE, Shiba Inu, and Dogwifhat combined. Meanwhile, the meme coin trader is on the right track to burn 1 trillion BONK tokens, that are currently price around $55 million, by Christmas through its ‘Lets BONK’ campaign.

One other factor that Bonk Guy believes will lead to those recent highs for BONK is a Robinhood listing, which he believes could occur anytime soon. The crypto exchange recently listed PEPE and will have BONK on its roadmap next. A Robinhood listing is bullish for the worth because the listing will boost BONK’s adoption and result in higher prices.

BONK also has an exchange-traded product (ETP) that the meme coin trader stated is getting primed for some “serious” institutional adoption based on what he has heard. This can be bullish for the BONK price since institutional adoption would drive massive inflows into the meme coin, resulting in higher prices.

Consistent with this, the meme coin trader said that BONK has clear fundamentals and seems to have been chosen by American retail as their essential meme coin for this cycle. Bonk Guy remarked that things should get super interesting for BONK soon enough. It’s price mentioning that the South Korean exchange Upbit is ready to list BONK. Speaking on this development, the meme coin trader stated that BONK might be the favourite recent meme coin amongst Korean normies.

Next Leg Up Is Imminent

In an X post, crypto analyst Altcoin Sherpa said that BONK is loading for the subsequent move. The analyst advised investors to only buy spot and be patient for the subsequent leg up. The accompanying chart suggested that the Solana meme coin is ready to blast through its ATH and reach recent highs.

Source: X

Crypto whales look to be positioning for this BONK price explosion. In an X post, the on-chain analytics platform Lookonchain revealed a wise whale that’s actively accumulating BONK. Onchain data shows this whale has spent $3.4 million to purchase 65.4 billion BONK during the last two days.

On the time of writing, BONK is trading at around $0.00005524, up over 10% within the last 24 hours, in keeping with data from CoinMarketCap.