The Solana-based meme coin BONK surged 6.2% in 24 hours, significantly outperforming mainstream assets like Bitcoin. The rally was primarily driven by the U.S. Securities and Exchange Commission (SEC) recently classifying Solana (SOL) as a digital commodity, bolstering market confidence in SOL-based tokens. However, analysts warn that due to overall market uncertainty, BONK may experience profit-taking and is predicted to pull back 33.10% to $0.000004619 before March 27.
The Solana-based meme coin BONK surged 6.2% in 24 hours, significantly outperforming mainstream assets like Bitcoin. The rally was primarily driven by the U.S. Securities and Exchange Commission (SEC) recently classifying Solana (SOL) as a digital commodity, bolstering market confidence in SOL-based tokens. However, analysts warn that due to overall market uncertainty, BONK may experience profit-taking and is predicted to pull back 33.10% to $0.000004619 before March 27.