I am not surprised, only those who are very new to meme coins will be surprised at this, meme coins from my personal experiences are known for such drastic falls in times when there is a shortage of buyers, or new buyers to keep the momentum high, it falls, but as long as the meme coin is one that people likes and the developers know what they are doing, it will still rise back..
I actually hold no single bonk, and never did I buy or invest in it, but I've followed the project for a while now, I actually would have bought it, but I felt I was already too late into it, one meme coin I actually hold at the moment is COQ inu, and this as well have been on a decline for some weeks now, hoping it recovers soon just as bonk have recovered..
I am not surprised, only those who are very new to meme coins will be surprised at this, meme coins from my personal experiences are known for such drastic falls in times when there is a shortage of buyers, or new buyers to keep the momentum high, it falls, but as long as the meme coin is one that people likes and the developers know what they are doing, it will still rise back..Don't worry about missing a Memcoin Bot. There will always be another meme coin you can get in early. Besides meme coins are very cheap. you can buy a lot of BONK coin for just $10. which may return with good profit. NFA.
I actually hold no single bonk, and never did I buy or invest in it, but I've followed the project for a while now, I actually would have bought it, but I felt I was already too late into it, one meme coin I actually hold at the moment is COQ inu, and this as well have been on a decline for some weeks now, hoping it recovers soon just as bonk have recovered..
It was a memecoin after wall. what else do you expect from that? we should always be prepared for something like that with every memecoin out there. these tokens are not future proof. they can drastically decrease in price just as you saw in BONK.I am not surprised, only those who are very new to meme coins will be surprised at this, meme coins from my personal experiences are known for such drastic falls in times when there is a shortage of buyers, or new buyers to keep the momentum high, it falls, but as long as the meme coin is one that people likes and the developers know what they are doing, it will still rise back..Don't worry about missing a Memcoin Bot. There will always be another meme coin you can get in early. Besides meme coins are very cheap. you can buy a lot of BONK coin for just $10. which may return with good profit. NFA.
I actually hold no single bonk, and never did I buy or invest in it, but I've followed the project for a while now, I actually would have bought it, but I felt I was already too late into it, one meme coin I actually hold at the moment is COQ inu, and this as well have been on a decline for some weeks now, hoping it recovers soon just as bonk have recovered..
what I am trying to say is that Memecoin is a Rollercoaster ride. one will go, and another will come.
When Binance announced that it would list Bonk, I knew there and then that it peaked (or closed to it) and it's only a matter of days before it spirals down. I think any trader or investor who has been around the last cycle understands this behavior even if he/she isn't a pro. I guess those newbies that were caught and forced to hold are still lucky that it happened before halving. There's still a chance to break even later this year or early next.It is true that every Meme coin from any network when it starts to be listed on Binance, the rate of increase always reaches the highest rate of increase. Previously Pepe was the same way. And Bonk is the same. It's just that professionals always have instincts and estimates that are mature enough to know when is the right time to enter and when is the best time to exit. In contrast to beginners who are always in a hurry and panic and are afraid of missing out on the hype (FOMO). But yeah, in a bull run market after the bitcoin halving, price movements usually rise again and Meme coin usually follows at the end of the bull run. So the person holding Bonk still has a chance of being picked back up and could even make a good profit.
Meme Coin Rollercoaster Ride — BONK’s Value Plummets Amidst Market Turbulence and Rising Contenders(https://i.imgur.com/fLAEtNTm.jpg)
While the meme coin phenomenon bonk (BONK) captivated users on the Solana network, the cryptocurrency recently witnessed a 41% decline over the preceding fortnight, accompanied by a 20.8% descent... See more for yourself here (https://news.bitcoin.com/meme-coin-rollercoaster-ride-bonks-value-plummets-amidst-market-turbulence-and-rising-contenders/).
Your opinion is greatly appreciated.