After a lengthy streak in the red zone, the latest BONK crypto news reveals that a mass exodus from the meme-based token might happen sooner than expected. In late February, BONK suffered back-to-back market dumps and is rumored to crash following the mass exodus. BONK holders are looking to cut their losses by selling their tokens and switching them for more profitable ones, but that could make things worse for the coin.
Meanwhile, while the meme sector has shown signs of recovery after suffering a major setback last week, Panshibi is attracting BONK holders and other market participants. Panshibi gives BONK holders and other meme coin enthusiasts a chance to make up for their losses and enjoy explosive gains. The meme buys in Panshibi are still going through the roof as investor capital recently toppled $1.2 million in the ongoing presale.
In the subsequent paragraphs, we will try to understand how true the rumors of a BONK market crash are and why Panshibi could be the destination of BONK holders.
BONK Crypto News: Mass Exodus Could Cause BONK To Crash
According to a BONK crypto news report, the token’s deflatonary measure wasn’t enough to keep BONK from the red in late February, bearing losses of its holders and investors. Year-to-date, this Solana-based token recorded a 53.13% decline, driven by bearish market conditions around its parent blockchain and decreased demand for meme coins last month.
After two weeks, BONK finally surged on Sunday, thanks to the growing optimism in the general crypto market. This optimism was triggered by President Donald Trump’s announcement to create a US crypto reserve using Ripple’s XRP, Cardano (ADA), and Solana.
However, the BONK crypto news show reveals that the surge was quickly short-lived, swallowed up by the following market correction; BONK is now trading at $0.00001258, 44% down from its opening price one month ago. In another BONK crypto news report, charts showed that trading volume is on the increase, while BONK price is on a sloppy trajectory; that tells us one thing: its holders are liquidating their tokens. liquidating
This confirms that BONK is firmly in bearish territory; analysts believe this week is important for the coin, as BONK investors might stop the mass liquidations of their holdings since its parent blockchain is now back to life. Moreover, traders can see the downtrend as a buying opportunity that would reverse the token‘s price trend.
Conversely, investors might not stop liquidating their assets as they look to recoup their losses and make capital gains by trading their BONK coins for profitable tokens like Panshibi. Should this happen? BONK could be on the verge of a market crash.
Investors Keep Flocking To Panshibi
Panshibi (SHIBI) might also be a new meme, but both projects are not painting a bearish picture. This relatively new project posted successive gains throughout February, including the brutal two-week stretch that saw investors lose millions of investor capital. Panshibi defied the market turndown, attracting investors, including BONK holders and market participants, from every corner of the market. These investors are now capitalising on its 60-day presale.
The Panshibi project is one with a clear roadmap and strategic rollouts. The official team of the SHIBI project recently announced the rollouts for the year, some of which include securing charity partnerships for the preservation of Pandas, launching its staking platform, which will reward investors as high as 1,200% APY annually, and an aggressive marketing push targeting centralized and decentralized exchanges. These rollouts have fueled investor confidence and contributed to Panshibi’s successive gains.
Moreover, to further boost investor confidence, Panshibi has locked its liquidity for a decade, while tokens of the official team have also been locked for a two-year span. With all these in place, it’s unsurprising that investors keep flocking to Panshibi.
The 60-day presale is nearing completion, meaning this is a rare chance for you to accumulate SHIBI tokens at a lowered price; grab your $SHIBI tokens at $0.005 each!
You can participate in the Panshibi presale here:
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
