BONK Signals Strong Recovery

On May 19, BONK, a meme coin, experienced a surge of 15%, capitalizing on the market's resurgence.

At the time of writing, BONK traded at $0.0000261 with a market capitalization of $1.66 billion.

Last week, the cryptocurrency market underwent a significant revival, with the global market cap increasing by 8% to reach $2.44 trillion.

This rise represents a gain of over $150 billion, supported by substantial increases in most leading cryptocurrencies. Bitcoin, in particular, made notable progress, surpassing the $67,600 mark overnight.

Following this overall market upturn, meme coins received significant attention. Among them, Bonk (BONK) initially showed bearish trends but seized the opportunity presented by the market recovery on May 19, recording a 15.3% daily gain and closing the day at $0.00002598.

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