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Bit428

06/14 18:45

BONK can see a major reversal, unless THIS happens

BONK can see a major reversal, unless THIS happens first

Bonk rallies 7% as whales accumulate and buyers dominate the spot market.
  • BONK’s current structure supports bullish continuation.
  • Sustained buying pressure across whales and retail traders could extend the rally.

Bonk Coin [BONK], the Solana [SOL]-based memecoin, is back in the spotlight after surging over 7% in the last 24 hours.

While the price bounced, on-chain data revealed that whales and spot traders might be fueling a broader shift.

Over the past few days, large wallets have quietly accumulated BONK as prices dipped

According to CryptoQuant, whale-sized Futures Average Order Sizes have appeared on-chain since the 7th of June, signaling renewed interest from bigger players.

Naturally, such accumulation during drawdowns is often considered a high-conviction move. Historically, these phases have preceded major BONK rallies, especially when followed by rising retail participation.Kelvin-_44_-768x432.webp

Bonk-Futures-Average-Order-Size-768x432.png


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