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Analysis: BONK Price Drops by 6%, But Long-Term Prospects Supported by Ecosystem Development
Summary: According to CoinDesk, the price of BONK token has dropped by 6% in the past 24 hours, now trading at $0.00002161. Despite short-term selling pressure, the related ecosystem platform Bonk.fun has captured 55% of the market share for token issuance on the Solana chain, with a daily trading volume of $5.39 billion. The platform's mechanism ...
According to CoinDesk, the price of BONK token has dropped by 6% in the past 24 hours, now trading at $0.00002161. Despite short-term selling pressure, the related ecosystem platform Bonk.fun has captured 55% of the market share for token issuance on the Solana chain, with a daily trading volume of $5.39 billion. The platform's mechanism of repurchasing and burning BONK tokens through fees continues to be effective. Analysts note that a new price support level has formed in the $0.000021-$0.000022 range, while resistance remains strong at $0.000022-$0.0000222.
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Link: Analysis: BONK Price Drops by 6%, But Long-Term Prospects Supported by Ecosystem Development [Copy]
