• BONK topped the list of cryptos in terms of Alt Rank.
  • Metrics looked bullish, but a few market indicators supported the bears. 

Bonk [BONK] bulls were nowhere stopping as the meme coin’s value continued to surge. A possible reason behind this uptrend was revealed by LunarCrush, which pointed out a bullish metric that might have a role to play.

BONK surges in double digits

Investors enjoyed massive profits from BONK over the past few days. According to CoinMarketCap, the meme coin was up by more than 7.8% in the last seven days. In fact, in the last 24 hours alone, BONK’s value shot up by 15%.

At the time of writing, the coin was trading at $0.00001481 with a market capitalization of over $937 million, making it the 67th largest crypto.

Thanks to the price uptick, BONK’s Price Volatility 1w shot up substantially. This hike was accompanied by a rise in trading volume, which is a bullish signal.

Source: Santiment

Moreover, Ben GCrypto recently posted a tweet, in which he highlighted a crucial metric that gave an overview of what worked in the meme coin’s favor.

AMB-Crypto

AMB-Crypto

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