"BONK surged 16% over the past 24 hours to lead gains among majors and large cap memes on $2.6 billion in trading volumes - a relatively large figure for the Solana-based dog token."
"Technical analysis shows BONK's breakout from consolidation, suggesting potential growth; it's seen as undervalued compared to peers."
"Deflationary actions aim to increase BONK's value, with a target of 1 trillion tokens to be burned by December, driving interest back to large cap memecoins."
"Meme coins often see rapid price increases due to viral marketing, community enthusiasm, and speculative trading based mainly on narratives rather than having technical backing."
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