BONK is a dog-themed meme coin that rose to fame in 2022, becoming one of the top meme coins. This follows an instant breakout that saw the coin join the top meme coins in the crypto market. At its peak, the coin saw a boost above $0.00005915, which was about 50x from its all-time low. However, the current coinmarketcap price overview of the BONK coin shows it might be losing its position to a new player soon.
The top meme coins have seen a shake from new entries in the last few weeks, with many of the top coins losing their position to new entries. The most popular shake is how the TRUMP coin briefly displaced Shiba Inu to become the number two largest meme coin. Although the displacement didn’t last long, this shows the top meme coins can be displaced by other worthy contenders.
However, with the latest introduction of the Panshibi meme coin, experts believe this new meme coin could soon displace the BONK coin while joining the ranks of the top meme coins. A few factors are projected to make this displacement possible in the coming weeks. Here is a breakdown of some of the identified reasons.
Why is BONK Falling So Fast Lately?
The BONK coin was one of the most successful meme coins of 2024, rising by over 500% during the year. In fact, the bull run in 2024 saw it at a new all-time high, reaching as high as $0.000005915 by the end of the year from a low of $0.00000942 in January. However, the recent surge in new meme projects this year has seen BONK take a nosedive.
The Monthly chart of the BONK meme coin shows three giant red candles, with the latest candle forming below the 7 SMA. The latest setup on the monthly chart shows a triangle, which shows that it could lose most of its profit from last year. The BONK team has tried extending the support platform for the coin but this has not shown much progress.
Why Panshibi Could Be A Threat To The Top Meme Coins This Year
While many meme coins have pumped and dumped this year, in less than a week the Panshibi presale token has continued to gain investment daily for more than three weeks. This shows the Panshibi meme coin’s resilience and focus on becoming the top meme coin this year. The Panshibi meme coin presale phase has continued to the next stage, now on stage 4 with a new increased price, which has seen investors’ profits grow higher as well.
This new meme coin is gathering a large community of meme coin lovers which is projected to give the community backing for the coin when it launches. The investors joining the Panshibi meme coin presale are set to see up to 10x before the end of the presale and an additional growth of up to 100x after its launch.
Now is the best time to join this potentially largest meme coin from Asia, as community support continues to increase around the panda meme coin. Experts project a strong bullish rise for the Panshibi meme coin. This is coming from the overwhelming acceptance of the panda meme, which the Panshibi coin has crossed with the growing interest in meme coins.
The Panshibi meme coin is set to launch at $0.026 in the next 36 days, marking the end of its presale, but experts believe it could rise to $0.1 soon after its launch. Make a move with the Panshibi meme coin today, as it is set to become one of the top meme coins this year!
Join the Panshibi presale today for $0.005 per token;
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
