{"id":9376,"date":"2025-02-21T19:15:13","date_gmt":"2025-02-21T19:15:13","guid":{"rendered":"https:\/\/icobench.com\/?p=9376"},"modified":"2025-02-21T19:15:13","modified_gmt":"2025-02-21T19:15:13","slug":"ponke-rises-by-48-as-trading-volumes-explode-this-upcoming-solana-ico-could-benefit","status":"publish","type":"post","link":"https:\/\/icobench.com\/news\/ponke-rises-by-48-as-trading-volumes-explode-this-upcoming-solana-ico-could-benefit\/","title":{"rendered":"PONKE Rises by 48% as Trading Volumes Explode \u2013 This Upcoming Solana ICO Could Benefit"},"content":{"rendered":"<p>Ponke (PONKE), a Solana-based meme coin, has surged by 48.2% as trading volumes for the token unexpectedly exploded in the past 24 hours.<\/p>\n<p>According to data from CoinMarketCap, $70.9 million worth of PONKE have exchanged hands during this period resulting in a 700% surge. This figure accounts for 55.3% of the token\u2019s circulating supply.<\/p>\n<p><strong>PONKE is the 33<sup>rd<\/sup> most valuable meme coin based on CMC rankings<\/strong> with a market cap of $108.3 million. The token was listed by Kraken in October last year. However, Raydium, Bybit, and Gate.io currently account for nearly 40% of its daily trading volumes.<\/p>\n<p><strong>Also read: <\/strong><a href=\"https:\/\/icobench.com\/cryptocurrency\/solana-icos\/\">Best Solana ICOs and Presales to Invest in February 2025<\/a><\/p>\n<p>Despite today\u2019s surge, PONKE still accumulated a 35.2% retreat since the year started. On February 10, the project\u2019s official X account announced that they partnered with Wormhole to make PONKE available on the Base blockchain.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ponke is now on <a href=\"https:\/\/twitter.com\/base?ref_src=twsrc%5Etfw\">@base<\/a>!<\/p>\n<p>Seamlessly move <a href=\"https:\/\/twitter.com\/search?q=%24PONKE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PONKE<\/a> between Solana and Base with <a href=\"https:\/\/t.co\/4Ae973TyK1\">https:\/\/t.co\/4Ae973TyK1<\/a>, powered by <a href=\"https:\/\/twitter.com\/wormhole?ref_src=twsrc%5Etfw\">@wormhole<\/a>. <a href=\"https:\/\/t.co\/fsmYXulG40\">pic.twitter.com\/fsmYXulG40<\/a><\/p>\n<p>\u2014 Ponke (@ponkesol) <a href=\"https:\/\/twitter.com\/ponkesol\/status\/1889072408264421431?ref_src=twsrc%5Etfw\">February 10, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Rumors have been circulating since then that this could be a first step to get Coinbase to list PONKE in its trading platform.<\/p>\n<p>This meme coin has a robust community backing it. Its social media channels boast thousands of followers, starting with its X account, which is followed by nearly 158,000 users.<\/p>\n<p>Meanwhile, its YouTube channel, which periodically uploads videos of the meme in different funny situations, recently reached 50,000 subscribers.<\/p>\n<h2><span id=\"ponke_needs_a_64_jump_to_reverse_its_downtrend\">PONKE Needs a 64% Jump to Reverse its Downtrend<\/span><\/h2>\n<p><strong>PONKE is currently trading 75.3% below its all-time high<\/strong> from November 2024, when the token\u2019s price was lifted alongside most <a href=\"https:\/\/icobench.com\/cryptocurrency\/best-meme-coins\/\">meme coins<\/a> amid Donald Trump\u2019s victory in the Presidential election.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-9377 size-full\" src=\"https:\/\/icobench.com\/wp-content\/uploads\/2025\/02\/ponke-rises-by-48-as-trading-volumes-explode.png\" alt=\"ponke rises by 48% as trading volumes explode\" width=\"906\" height=\"494\" srcset=\"https:\/\/icobench.com\/wp-content\/uploads\/2025\/02\/ponke-rises-by-48-as-trading-volumes-explode.png 906w, https:\/\/icobench.com\/wp-content\/uploads\/2025\/02\/ponke-rises-by-48-as-trading-volumes-explode-300x164.png 300w, https:\/\/icobench.com\/wp-content\/uploads\/2025\/02\/ponke-rises-by-48-as-trading-volumes-explode-768x419.png 768w\" sizes=\"auto, (max-width: 906px) 100vw, 906px\">\u00a0Today\u2019s jump barely registers in the grand scheme of things when we look at the daily chart for PONKE as the token has been on a sharp downtrend since its November record.<\/p>\n<p>However, it could be an early signal of an upcoming trend reversal as momentum readings show a steep climb. In this regard, the Relative Strength Index (RSI) moved above the signal line in early February.<\/p>\n<p>Moreover, the MACD\u2019s histogram shows steadily rising positive readings in the past couple of days, confirming that momentum is once again picking up its pace.<\/p>\n<p>To confirm that this is a full-blown trend reversal, the price must first move above its previous lower high, which currently stands at $0.3200. Such a move would demand a 64% increase based on today\u2019s price.<\/p>\n<p>Apart from PONKE, this Solana scaling protocol is rapidly becoming one of the best ICOs of 2025 as it solves one of the network\u2019s most pressing issues.<\/p>\n<h2><span id=\"solaxy_solx_eliminates_solanas_congestion_issues_once_and_for_all\">Solaxy ($SOLX) Eliminates Solana\u2019s Congestion Issues Once and For All<\/span><\/h2>\n<p><a href=\"https:\/\/icobench.com\/visit\/solaxy\" rel=\"nofollow\" target=\"_blank\">Solaxy ($SOLX)<\/a> is a layer-two scaling solution that alleviates the Solana mainnet\u2019s burden by bundling transactions offline.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-9378 size-full\" src=\"https:\/\/icobench.com\/wp-content\/uploads\/2025\/02\/solaxy-is-7-days-away-from-the-end-of-its-presale.png\" alt=\"solaxy is 7 days away from the end of its presale\" width=\"1429\" height=\"740\" srcset=\"https:\/\/icobench.com\/wp-content\/uploads\/2025\/02\/solaxy-is-7-days-away-from-the-end-of-its-presale.png 1429w, https:\/\/icobench.com\/wp-content\/uploads\/2025\/02\/solaxy-is-7-days-away-from-the-end-of-its-presale-300x155.png 300w, https:\/\/icobench.com\/wp-content\/uploads\/2025\/02\/solaxy-is-7-days-away-from-the-end-of-its-presale-1024x530.png 1024w, https:\/\/icobench.com\/wp-content\/uploads\/2025\/02\/solaxy-is-7-days-away-from-the-end-of-its-presale-768x398.png 768w\" sizes=\"auto, (max-width: 1429px) 100vw, 1429px\"><\/p>\n<p>The rising popularity of meme coins like $PONKE and $TRUMP along with the rapid expansion of Solana\u2019s decentralized finance (DeFi) ecosystem have evidenced the need for this kind of protocol.<\/p>\n<p>Solaxy is moving rapidly to test its Solana rollup and developers recently provided an encouraging update on their progress on February 15 when they announced an integration with Hyperlane to support the transfer of assets.<\/p>\n<p><strong>The project has managed to raise $22.8 million from investors<\/strong> to launch the solution. Based on its roadmap, Solaxy could be deployed right after the presale event ends on February 28.<\/p>\n<p>At its discounted price of $0.001642, $SOLX offers significant upside potential to early buyers as the utility token could jump right after it is listed on exchanges. In addition, staking rewards for investors willing to help secure the L2 protocol currently stand at 178%.<\/p>\n<p>The presale price will increase in the next 26 hours to compensate the most loyal supporters. To buy $SOLX, head to the Solaxy website and connect your wallet. Either swap ETH, USDT, or BNB tokens or use a bank card to make your investment.<\/p>\n<p><span style=\"font-weight: 400;\"><div class=\"su-button-center\"><a href=\"https:\/\/icobench.com\/visit\/solaxy\" class=\"su-button su-button-style-flat\" style=\"color:#FFFFFF;background-color:#FF4040;border-color:#cc3434;border-radius:10px\" target=\"_blank\" rel=\"nofollow\"><span style=\"color:#FFFFFF;padding:0px 26px;font-size:20px;line-height:40px;border-color:#ff7a7a;border-radius:10px;text-shadow:none\"> Buy Solaxy Here<\/span><\/a><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ponke (PONKE), a Solana-based meme coin, has surged by 48.2% as trading volumes for the token unexpectedly exploded in&#8230;<\/p>\n","protected":false},"author":138,"featured_media":9379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[219],"tags":[],"class_list":["post-9376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PONKE Rises by 48% as Trading Volumes Explode \u2013 This Upcoming Solana ICO Could Benefit<\/title>\n<meta name=\"description\" content=\"Ponke (PONKE) is up 48% as trading volumes are surging by 700% in the past 24 hours. 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