BINK Token Skyrockets 30,000% and This Other Meme Coin Could Explode Next
In the latest memecoin pump, BONK token spin-off BINK token has exploded +30,000%, and now traders are speculating this other meme coin could explode next after BINK crypto skyrocket.
This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant attention, including the ever-popular APX, SAMBO Bot, CHEEBS, TIME, ZKGROK and IO.
$BINK is ripping it off pic.twitter.com/Swsy8jSEye
— Moucha (@iuften) December 7, 2023
However, BINK token is part of a new trend for Solana based memecoins, which are cheaper to trade vs ERC-20 tokens – stifled by Ethereum’s excessively high gas fees.
Other recent Solana-based meme coins to pump include, SOLAREUM, Joe on SOL, and BONKITA.
With price action continue to push up on a bullish trajectory, BINK crypto is currently trading at a market price of $0.002268 (representing a 24-hour change of +26,600%).
This comes following an alluring bullish rally, which saw BINK price launch off at 10AM (UTC) on January 8, rising rapidly in a snowball growth from $0.0000007315 to an all-time high of $0.002268.
The +35,000% rally of BINK crypto seems to be driven by an influx of over $12.15k in trading volume. This is a notably small amount for such a significant pump, especially with just 271 holders.
This is matched by a miniscule liquidity pool of just $17.75k, which is significantly less than the massive $2.28m market cap – highlighting a red-flag for potential investors.
Yet, despite the overhead risk, buy-pressure remains strong, with BINK witnessing 77% buy transactions over the past hour as FOMO-trader appetite grows.
But this isn’t necessarily misplaced, with typical Solana breakout pumps hitting above $5m market cap regularly, this
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