🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
Why Is BONK's Price Up by 50% Weekly?
TL;DR
BONKUSD. Source: CoinGeckoIt was just a few weeks ago when BONK’s price struggled at $0.000012, and hope was fading rapidly. However, the tides turned in a spectacular manner in the next weeks, especially in the last few days, and BONK is now fighting with TRUMP for the spot of the fourth-largest meme coin by market cap.
There are no major announcements from the team that could be the actual reason behind this impressive price surge lately. However, the one that stands out the most (but is unlikely to be related to the price pump) is aimed at owners of the Gen1 Solana Mobile device. As it reads, the team urged users to claim tokens as all unclaimed ones will be returned to the DAO for “future incentives.”
Some crypto analysts on X were quick to pick up the grand price move and predicted that “it’s only a matter of time” before BONK breaks a descending trendline and heads for a new all-time high.
Despite its recent price surge, though, the meme coin is more than 60% away from its ATH, which was tapped on November 20 at $0.00005825.
Although this sounds like a big task for BONK, other X users outlined several reasons that could propel such a massive price surge, including the growing token burns and the utilization of meme coin platform – bonk_fun.