Meme coins are back in the spotlight again, and Bonk (BONK) is leading the charge.
Bonk Up 20% in a Week as New Solana Meme Coin SEAL Nears $2M
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The Solana-based token has rallied 20% in the past week and is now trading around the $0.0000257 level.
Alongside BONK, presale project Sealana (SEAL) is also seeing growth – nearing the $2 million milestone in its much-discussed presale phase.
Bonk Price Surges, But Will Bullish Momentum Hold?
It’s been a fantastic seven-day period for BONK holders.
The token’s bullishness kicked into gear after tapping support around $0.0000215 last Monday.
After tapping this level, BONK rallied until Sunday morning, at which point the token pulled back by around 13%.
But even after that pullback, BONK is still holding on to a solid 20% weekly advance overall.
Digging deeper, the charts paint a bullish picture for the near term.
BONK has passed its 50-day exponential moving average (EMA) on the 4-hour time frame, using the level as support earlier today.
Some analysts also point to a massive bull flag continuation pattern that appears to be forming on the daily chart.
The one concerning signal is that spot trading volumes for BONK have dipped around 18% in the past 24 hours – suggesting that buying momentum may be slowing down.
Still, the token’s price surge has been impressive, and if support levels hold, BONK could be primed for further upside this week.
Meme Coin Mania Picks Up After Roaring Kitty’s Return
BONK’s 20% weekly pump is just the tip of the iceberg when it comes to the meme coin resurgence.
The heavyweights are leading the way, with Dogecoin, Shiba Inu, and Pepe all posting gains of over 6%.
They were beaten by Book of Meme, which rallied 10% higher and is now trading at $0.011.
Floki was also one of the top gainers, up 16% on the week.
However, the relatively under-the-radar Brett token was the biggest gainer, rocketing 25%.
Brett now boasts a market cap of $357 million and is the 10th largest meme coin in the world.
With a combined value of almost $53 billion and $4.5 billion in spot volumes in the past day, the meme coin craze appears to be back in full flow.
All of this has been sparked by the recent return of Reddit legend Roaring Kitty to Twitter – which has flipped the market back into “degen” mode.
New SOL Meme Coin Sealana Nears $2M in Presale & Attracts Endorsements from Traders
While established meme coins are receiving all the attention, one new project on Solana is also making moves.
That project is Sealana, which is based around the stereotype of a lazy, overweight crypto degen.
Sealana’s mascot is a chubby seal inspired by the iconic “World of Warcraft Guy” from South Park.
The token has no use case or utility, yet despite all odds, its presale has attracted enormous attention.
Sealana’s team has raised almost $2 million from its growing community in just a few weeks – surpassing expectations.
SEAL seems to have benefited from the uptick in interest in “pure” meme coins and is now on track for a highly anticipated DEX launch.
Adding to the buzz around SEAL are the mentions from top crypto influencers, with some claiming it’s among the best crypto to buy now.
For example, YouTuber ClayBro, who has 129,000 subscribers, described the token as having “10x potential” in a recent video.
Fellow YouTuber Jacob Bury also said SEAL is the “best crypto to buy now” in the meme coin space.
Endorsements like these have led to significant growth in Sealana’s Telegram community, where the development team is actively engaging with investors.
Clearly, the hilarious aesthetic and influencer backing have pushed SEAL into the spotlight – making it a strong contender to be Solana’s next breakout meme coin.
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