{"id":11556,"date":"2025-05-30T14:53:35","date_gmt":"2025-05-30T14:53:35","guid":{"rendered":"https:\/\/icobench.com\/?p=11556"},"modified":"2025-05-30T14:53:35","modified_gmt":"2025-05-30T14:53:35","slug":"next-crypto-to-explode-as-bonk-drops-11-this-solana-ico-could-deliver-10x-gains","status":"publish","type":"post","link":"https:\/\/icobench.com\/news\/next-crypto-to-explode-as-bonk-drops-11-this-solana-ico-could-deliver-10x-gains\/","title":{"rendered":"Next Crypto to Explode: As Bonk Drops 11% This Solana ICO Could Deliver 10X Gains"},"content":{"rendered":"

Bonk (BONK) has dropped by 11.5% in the past 24 hours and currently stands at $0.00001759 as the crypto market seems poised to experience a strong correction.<\/p>\n

Trading volumes are quite high at the moment and currently account for more than a fifth of BONK\u2019s circulating supply.<\/p>\n

Meme coins as a whole are facing a strong pullback today as data from CoinMarketCap shows that the combined market cap of the top 100 assets in this category has gone down by 7.9% in the past 24 hours. Meanwhile, trading volumes have gone up by 20%.<\/strong><\/p>\n

\"meme<\/p>\n

Bonk is currently the top meme coin in the Solana ecosystem with a market cap of $1.4 billion. The token is inspired by a viral meme depicting a Shiba Inu dog hitting another with a bat.<\/p>\n

In the past month, Solana meme coins have performed quite well amid the rise of tokens like Fartcoin (FARTCOIN) and Pudgy Penguins (PENGU), whose market value nearly tripled at some point.<\/p>\n

This positive performance was primarily the result of a short squeeze as the market\u2019s attitude toward meme coins<\/u><\/a> was quite bearish in early April.<\/p>\n

However, after the White House adopted a less aggressive stance on tariff increases, the market recovered and sentiment improved. This triggered a strong rally that blew up a large volume of short positions and propelled tokens like Bonk to their current levels.<\/p>\n

Now, the opposite seems to be occurring as market participants have positioned for the continuation of a rally that has already reached technical extremes.<\/p>\n

BONK Could Drop to $0.000011 After Trend Line Break<\/span><\/h2>\n

The daily chart shows that BONK has broken its trend line support already and has been dropping since it retested this relevant area just a few days after. For now, the price action seems to be heading to the $0.00001600 level next.<\/strong><\/p>\n

\"bonk<\/p>\n

However, a strong sell signal has popped up in the daily chart as the token\u2019s short-term exponential moving averages (EMAs) are about to make a move below the 200-day EMA.<\/p>\n

The last time this happened, BONK dropped by nearly 67% in less than two months.<\/p>\n

Momentum indicators are bearish as well, as the Relative Strength Index (RSI) is on a downtrend, has dropped below the 14-day moving average, and is currently below 50.<\/p>\n

If the token breaks the $0.00001600 barrier, the odds favor an even more drastic decline to the $0.00001100 level in the near term. This is in line with the target provided by the short-term bearish EMA crossover.<\/p>\n

Although well-established Solana meme coins may be about to face a strong correction, the best crypto presales<\/u><\/a> like Solaxy (SOLX) may still deliver strong gains as early buyers can buy these tokens at a heavily discounted price before they are listed on exchanges.<\/p>\n

Solaxy (SOLX) Gives Investors 15 More Days to Jump In<\/span><\/h2>\n

Solaxy (SOLX)<\/u><\/a> is a layer-two scaling protocol for the Solana blockchain that aims to eliminate the congestion issues that have affected the network during peak usage times.<\/p>\n

\"solaxy<\/p>\n

The developing team has already launched a testnet, a token bridge, and a block explorer for investors to check the performance of the L2 in real time.<\/p>\n

Through its presale event, the project has raised the necessary resources to deploy the Solaxy L2. As the solution\u2019s utility token, $SOLX will experience high demand once the protocol is embraced by top wallets and exchanges.<\/p>\n

In addition, the project currently offers staking rewards of 95%<\/strong> to investors who are willing to lock in their $SOLX to secure the L2.<\/p>\n

With just 15 more days to go before the presale ends, investors still have a chance to scoop up some tokens at their heavily discounted price of 0.00174.<\/p>\n

To buy $SOLX, simply head to the Solaxy website<\/u><\/a> and connect your wallet. You can either swap USDT or SOL or use a bank card to make your investment.<\/p>\n

Buy Solaxy Here<\/span><\/a><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Bonk (BONK) has dropped by 11.5% in the past 24 hours and currently stands at $0.00001759 as the crypto…<\/p>\n","protected":false},"author":138,"featured_media":11561,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[219],"tags":[],"class_list":["post-11556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","entry"],"acf":[],"yoast_head":"\nNext Crypto to Explode: As Bonk Drops 11% This Solana ICO Could Deliver 10X Gains<\/title>\n<meta name=\"description\" content=\"Bonk has dropped by more than 11% in the past 24 hours and could experience a significant correction in the next few days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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