{"id":88020,"date":"2023-11-23T15:08:47","date_gmt":"2023-11-23T20:08:47","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/bonk-price-crashes-30-from-top-as-traders-back-new-meme-coin-mk\/"},"modified":"2023-11-23T15:08:49","modified_gmt":"2023-11-23T20:08:49","slug":"bonk-price-crashes-30-from-top-as-traders-back-new-meme-coin-mk","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=88020","title":{"rendered":"$BONK Price Crashes 30% From Top As Traders Back New Meme Coin $MK"},"content":{"rendered":"<div>\n<p><noscript><\/noscript><\/p>\n<p>The Solana blockchain\u2019s biggest meme coin BONK! ($BONK) is seeing a big pullback from earlier weekly highs.<\/p>\n<p>BONK! recently hit its highest levels of the year above $0.0000055 per token, but the price has since pulled back over 30% to around $0.00004.<\/p>\n<p>Still, that leaves $BONK up a super impressive near 2,500% from October\u2019s lows.<\/p>\n<figure id=\"attachment_136023\" aria-describedby=\"caption-attachment-136023\" style=\"width: 1788px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-136023\" class=\"wp-caption-text\">BONK! (BONK) Chart \/ Source: TradingView<\/figcaption><\/figure>\n<p>The surge in the meme coin\u2019s price comes alongside a pump in recent weeks in the Solana (SOL) price amid a broader crypto market rally fuelled by optimism about institutional adoption with spot Bitcoin ETF approvals seemingly coming in the US very soon.<\/p>\n<p>While BONK! is certainly a hot prospect right now, it\u2019s far from the only meme coin attracting a lot of interest.<\/p>\n<p>An up-and-coming meme coin called Meme Kombat ($MK) has been generating huge hype thanks to its unique value proposition, given its token powers a fun platform that sits at the intersection of GameFi and GambleFi.<\/p>\n<p>The token\u2019s presale has already raised a whopping more than $2 million as top traders back the token.<\/p>\n<h2><strong>What is Meme Kombat?<\/strong><\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Meme Kombat is a web3 platform that blends together the world of crypto gaming and gambling with its exciting platform were users are able to bet on the outcomes of exciting battles between characters based on some of the crypto world\u2019s most popular meme coins.<\/p>\n<p>Given its strong appeal to meme coin investors and GameFi and GambleFi addicts, Meme Kombat is expected to have a wide appeal.<\/p>\n<p>$MK is currently priced at $0.214, but will be rising 10% to $0.225 when the presale enters its next stage in just under 6 days.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The price of <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24MK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MK<\/a> is now $0.214\ud83d\udc40 <\/p>\n<p>Make sure you are ready for Kombat and have you <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%24MK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MK<\/a> ready too! <a rel=\"nofollow\" href=\"https:\/\/t.co\/46vMGrXURU\">pic.twitter.com\/46vMGrXURU<\/a><\/p>\n<p>\u2014 Meme Kombat (@Meme_Kombat) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Meme_Kombat\/status\/1727718885443469427?ref_src=twsrc%5Etfw\">November 23, 2023<\/a><\/p>\n<\/blockquote>\n<p>It\u2019s worth noting that while the site\u2019s countdown shows that there are only just under seven days to go before the next price rise, the current stage could sell out much sooner than the time allocated if the $2.5 million mark is quickly hit.<\/p>\n<p>In contrast to meme coins such as Pepe, Meme Kombat enables token holders to stake-to-earn to get a passive income stream.<\/p>\n<p>Stakers earn an annual percentage yield (APY) of 466%. Such a high return is possible because the project has allocated 30% of token supply to staking and battle rewards.<\/p>\n<p>Even better, presale buyers can choose to stake their coins immediately and start earning now.<\/p>\n<p>There is a staking dashboard to show the real-time number of staked coins in the pool launching soon.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce3 Major Update \ud83d\udce3<\/p>\n<p>The Meme Kombat Staking Dashboard is officially live and ready to be used by you! <\/p>\n<p>Take a break from Kombat and visit the staking dashboard here: https:\/\/t.co\/nNFEYESjPs <a rel=\"nofollow\" href=\"https:\/\/t.co\/yswl0esb4G\">pic.twitter.com\/yswl0esb4G<\/a><\/p>\n<p>\u2014 Meme Kombat (@Meme_Kombat) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Meme_Kombat\/status\/1722694253648703804?ref_src=twsrc%5Etfw\">November 9, 2023<\/a><\/p>\n<\/blockquote>\n<h2><strong>$MK the Next 100x Coin?<\/strong><\/h2>\n<p><span class=\"replacer\"><\/span><br \/>For degens focused on where to find the next 100x gem Meme Kombat has to be front and center. Put succinctly, Meme Kombat captures the latent value of arguably the top-valued sectors in crypto today \u2013 gaming and gambling.<\/p>\n<p>Admittedly meme coins are all about virality and community engagement and have almost made it a badge of pride that they don\u2019t actually have any utility.<\/p>\n<p>There is of course value in networks of engaged individuals but as the market enters the next bull cycle, one feature of the maturing nature of the market is investors becoming more demanding in what they expect from a coin, and that includes memes coins.<\/p>\n<p>Increasingly market participants want to buy into projects that are offering genuinely unique and potentially valuable use cases \u2013 there has to be a value differential.<\/p>\n<p>Meme Kombat fits the bill perfectly. It not only hits on the two booming sectors of GameFi and GambleFi, it is also playing in the high-octane meme coin segment, where old and new money is sure to flow in powerful torrents as crypto winter recedes.<\/p>\n<p>It doesn\u2019t require much analysis to immediately see the value proposition in Meme Kombat and how it stacks up when compared to coins like Pepe.<\/p>\n<p>You can keep up with developments at Meme Kombat on\u00a0<a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Meme_Kombat\">X (formerly Twitter)<\/a>\u00a0and\u00a0Telegram.<\/p>\n<p><em>Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our\u00a0terms and conditions. We may utilise affiliate links within our content, and receive commission.<\/em><\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/bonk-price-crashes-30-from-top-as-traders-back-new-meme-coin-mk.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Solana blockchain\u2019s biggest meme coin BONK! ($BONK) is seeing a big pullback from earlier weekly highs. BONK! recently hit its highest levels of the year above $0.0000055 per token, but the price has since pulled back over 30% to around $0.00004. Still, that leaves $BONK up a super impressive near 2,500% from October\u2019s lows. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":88021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-88020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$BONK Price Crashes 30% From Top As Traders Back New Meme Coin $MK | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Solana blockchain\u2019s biggest meme coin BONK! ($BONK) is seeing a big pullback from earlier weekly highs. 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