The cryptocurrency market has experienced a very bullish turnaround. Bitcoin (BTC) rose to a new peak at $118,254 early today, with global crypto market capitalization rising to $3.73 trillion. Solana-based Memecoin Bonk (Bonk) follows a similar trajectory. Memecoin dominates the charts, up 5.6% over the last 24 hours, 37.4% on the weekly chart, 73.8% on the 14-day chart and 31.5% on the previous month. The rally is unbelievable, but Memocoin has dropped by 9.3% over the annual time frame.
Around the corner of Bonk, is it the newest ever?
Bonk is currently down nearly 60% from its all-time high of 0.00005825. Memecoin peaked in November 2024. MemeCoin’s latest rally comes from Bitcoin (BTC) ascended to the highest ever. BTC has seen a consistent institutional influx over the past few months.
Bonk may face a revision if an investor decides to book the profits. Memokines are subject to market speculation. They have some of the most important risks in the financial market.
It is also possible that Solana-based Memecoin will continue to gather, given certain conditions are met. If BTC maintains upward momentum, Bonk could surge to the $0.00003 level. A BTC fix could lead to memokine price facing dips.
Retail players have been more or less absent in recent months. The Federal Reserve decision to keep interest rates at bay further may hold retail investors at bay. Interest rate reductions can lead to more retail capital flowing into dangerous assets. If the Fed decided to lower interest rates, Bonk could see another bullish leg. President Trump has repeatedly asked Fed Chairman Jerome Powell to cut interest rates. So far, Powell has decided not to follow the president’s request.