{"id":42385,"date":"2025-02-06T20:00:41","date_gmt":"2025-02-06T20:00:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=42385"},"modified":"2025-02-06T20:00:41","modified_gmt":"2025-02-06T20:00:41","slug":"solanas-bonk-roundtrips-total-gains-from-2024-heres-why-its-a-good-buy-now","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=42385","title":{"rendered":"Solana\u2019s BONK Roundtrips Total Gains From 2024, Here\u2019s Why It\u2019s A Good Buy Now"},"content":{"rendered":"

After a year of explosive price growth, the Solana based meme coin<\/a>, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern.\u00a0<\/p>\n

Solana\u2018s BONK Retraces 2024 Gains<\/h2>\n

The broader meme coin market<\/a> has been experiencing a severe downturn, driven by the volatility and market changes caused by the recent Bitcoin price decline<\/a>. Following United States (US) President Donald Trump\u2019s trade war<\/a>, meme coins like BONK, Dogecoin, Shiba Inu, and others crashed severely.\u00a0<\/p>\n

A recent chart analysis by a TradingView expert identified as \u2018Cusdridge19523\u2019 sheds light<\/a> on the extent of Bonk\u2019s severe decline<\/a>. According to the analyst, Bonk has round-tripped virtually all of its gains from 2024, dropping over 76% from its most recent market peak.\u00a0<\/p>\n

This massive price crash marks the fourth major correction in the meme coin\u2019s history. In 2024, Bonk experienced three significant price pullbacks<\/a> that saw its price drop by more than 60%. At the beginning of the previous year, the meme coin fell 72.77% after reaching a local peak. Similarly, during the second quarter of 2024, BONK experienced a 74.2% price drop and declined again by 65.05% around the third quarter.\u00a0<\/p>\n

Its recent 76.08% in 2025 marks its highest crash compared to previous corrections in 2024. CoinMarketCap also reports that Bonks\u2019 total gains for 2025 are about 78.82%. The meme coin experienced a gradual price drop to its current low, plummeting by 48.02% in one month and another 28.46% in the past week.\u00a0<\/p>\n

Currently, the BONK price is still in the red zone<\/a>, having fallen by 1.28% in the last 24 hours. Its current price is $0.000018, aligning with past support levels and consolidation areas that triggered strong rebounds. The TradingView analyst has also revealed that the market may have to wait between 7 and 90 days for BONK to make a round trip and experience a potential price rebound<\/a>.<\/p>\n

Why Now Might Be A Good Time To Buy<\/h2>\n

As BONK reaches consolidation lows similar to past trends, the TradingView analyst believes its current price level presents an attractive buying opportunity<\/a> for investors looking to take advantage of market dips. Historically, Bonk has shown a clear pattern of strong price reversals after sharp market corrections<\/a>, giving investors more reason to believe that the token could once again deliver strong returns from market lows.\u00a0<\/p>\n

Additionally, the TradingView expert revealed that the broader crypto market outlook for 2025 is bullish<\/a>, with speculation growing around Solana-based Exchange Traded Funds (ETFs). The introduction of a Solana ETF<\/a> could also drive institutional interest, indirectly benefiting meme coins like BONK. The analyst has also highlighted the possibility of a BONK ETF, adding to the bullish fire and potentially driving demand.<\/p>","protected":false},"excerpt":{"rendered":"

After a year of explosive price growth, the Solana based meme coin, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern.\u00a0 Solana\u2018s BONK […]<\/p>\n","protected":false},"author":0,"featured_media":42386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-42385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/42385"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42385"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/42385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/42386"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}