As BONKITA Token Surges 220x in 24 Hours, This Other Meme Coin is About to Launch – How to Buy Early?
In the latest DEX market pump, new Solana memecoin entrant BONKITA price has surged +22,000%, and with FOMO traders scrambling to identify the next big play – could this other meme coin be next.
This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, alongside fellow Solana memecoins SOLAREUM and Joe on SOL.
$BONKITA the ticker #1 in Dexscreener 6h pic.twitter.com/sjLfktMgAU
— dgb_nft (@dgb_nft) January 4, 2024
Riding on the back of the popular BONK narrative, BONKITA is a masterful spin-off token, gaining quick traction due to a high influx of initial volume and DEXtools #6 hot coin status in the first 8 hours.
After a dramatic opening pump BONKITA has entered retracement, leaving BONKITA trading at a market price of $0.0006379 (representing a 24-hour change of +23,684%).
This comes after BONKITA token launched at just 1PM UTC on January 4, in a move that gained immediate traction as the meme coin shot up +21,000% in the first 4 hours.
A brief retracement saw lower support established at $0.0004880, this has formed a critical level following the -74% retracement from the all-time high at $0.001717.
However, with well-defended support emerging at $0.0004880 the prospects of a second-bounce are not improbable.
Taking a closer look at buy-pressure over the past hour, it seems BONKITA bulls are holding on to their grip over price action, with a slim 50.9% of transactions representing buys.
Indeed, in a further bullish sign plenty of BONKITA growth potential rests in the charts, which sees the market cap stood at $762k – typically breakout Solana meme coins hit $5m market caps.
This suggests there is a
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