BTC-Newswire

Solana-based BONK and WIF up by 17% and 42% – Time to HODL?

Press Releases Crypto News AMB-Crypto Solana-based BONK and WIF up by 17% and 42% – Time to HODL?

A trader who held WIF since November made incredible profits.
Both BONK and WIF displayed signs of a further increase.

Meme coins built on the Solana [SOL] blockchain, including dogfight [WIF] and Bonk [BONK], registered mind-blowing performances in the last 24 hours.

According to AMBCrypto’s evaluation of market prices, BONK increased by 17.22%. WIF, on the other hand, recorded a much better performance as it climbed by a staggering 42.36%.

These performances brought back memories of 2023 when WIF and BONK outperformed most meme coins in other ecosystems. At press time, BONK changed hands at $0.00001396 while WIF’s price was $0.535.

However, these performances have not gone without traders making some gains.

Traders are keeping tabs

According to Lookonchain, a trader had bought changed $310 worth of SOL three months ago for 2.58 million WIF. Despite the notable decline that the memecoin had, the trader in question did not sell.

Following the latest pump, the value of the tokens increased by 4530x and was worth $1.4 million at press time.

Source: X

This development triggered AMBCrypto to check the social volume around both cryptocurrencies. Social volume shows the rate at which coins are mentioned on crypto social media channels.

These channels could range from Telegram groups and SubReddits to Discord groups.

According to the result of our on-chain analysis, WIF’s social volume spiked to 21.70 on the 27th of February. On the same day, BONK’s social volume was lower.

This position implied that traders were paying more attention to WIF than BONK. Another metric we looked at was the Weighted Sentiment.

At press time, BON

Go to Source to See Full Article
Author: Victor Olanrewaju

Did you like this?
Tip BTC Newswire with Cryptocurrency