Latest news with #BONK
Yahoo
2 hours ago
- Business
- Yahoo
Shiba Inu Eyes Monthly Gain Despite 8% Price Loss
Shiba inu (SHIB), the world's second-largest memecoin, has had a rough week. Still, the cryptocurrency appears on track to register a double-digit monthly gain. SHIB fell to $0.00001263 early today, the lowest since July 10. Prices are down nearly 9% for the week, with a loss of over 2% in the past 24 hours. The weakness is consistent with the mood seen in the memecoin sector. The CoinDesk Memecoin Index (CDMEME) has declined by 10% in seven days. Price volatility in SHIB aligns with broader shifts in the crypto market, as policy uncertainty reshapes digital asset allocation. The token's failure to rally despite aggressive burn programs underscores investor preference for utility-driven projects over pure speculation plays. Key AI insights SHIB plunges 2.28% from $0.000013107 to $0.000012809 during a 24-hour window ending July 30, 14:00 The burn mechanism destroyed 600 million tokens in a single session, marking a 16,710% surge in destruction rate Competitors BONK, PENGU, and utility-driven Remittix capture trader flows as SHIB loses meme coin leadership. Technical Levels Price dropped 2.28% from $0.000013107 to $0.000012809 across the 24-hour period. Trading bandwidth spans $0.0000005215, equivalent to 4.12% of the total range. Resistance capped advances at $0.000013184 with rejection during the 17:00 session. Support emerged at $0.000012663, backed by 1.25 trillion token volume. The downtrend intensified after 10:00 on July 30, with consecutive lower peaks. Late-session bounce delivered a 0.25% gain in the final trading hour. The volume explosion reached 43.5 billion tokens during the 13:57-13:59 rally phase. The three-wave pattern emerged: consolidation, distribution, then short-covering. Bullish hints SHIB's monthly price chart shows the token is likely to end July with an inverted hammer candle as it looks to bounce from year-to-date lows. An inverted hammering appearing after downtrend or at market lows indicates that buyers attempted to push the price significantly higher during the period, but sellers ultimately overpowered buyers, pushing prices back down to near the opening price. However, the sheer presence of the long upper shadow indicates that buying interest is re-emerging at these low levels, hinting at potential bullish reversal higher.
Yahoo
9 hours ago
- Business
- Yahoo
BONK Sinks 12% as Meme Token Sector Faces Heavy Sell-Off
BONK experienced a steep 12% drawdown over the last 24 hours, declining from $0.0000317 to $0.0000276, while the broader CoinDesk Memecoin Index fell more than 8%. The price action unfolded within a broad $0.0000045 range, an intraday volatility of over 16%, with coordinated selling around the $0.0000322 level, where transaction volume surged to 1.03 trillion tokens, according to CoinDesk Research's technical analysis data model. The most severe downward movement was observed at 20:00 UTC on Tuesday, with BONK dropping precipitously on a single-hour volume spike of 2.59 trillion tokens. The selloff could be linked to traders pre-positioning ahead of the Federal Reserve's upcoming FOMC announcement. While technical support began forming around $0.0000280, sellers regained control, sending the token from $0.00002848 to $0.00002809, a 1.37% drop. Particularly notable was a five-minute interval from 10:47 to 10:52 UTC on July 30, when BONK fell 3.13% with over 60.6 billion tokens traded, underscoring the presence of aggressive automated liquidation activity, according to the model. Technical Analysis Highlights Price Range: $0.0000322 (high) to $0.0000276 (low), reflecting 16% intraday volatility. Resistance: $0.0000322 observed with 1.03T tokens traded during coordinated sell wave. Support: Critical zone near $0.0000280 tested multiple times under institutional pressure. Peak Selling Hour: 20:00 UTC on July 29 with 2.59T tokens exchanged. Flash Sell-Off: 3.13% drop in five minutes (10:47–10:52 UTC) with 60.6 billion tokens traded. Volume Behavior: Persistent imbalance between sell-side execution and buy orders. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
18 hours ago
- Business
- Time of India
Bonk's (BONK) $1 Target is impossible to achieve in 2025, Tron (TRX), Sei (SEI), and Little Pepe (LILPEPE) could get there first
The meme coin mania is far from over, but not every project is destined to hit astronomical prices like Dogecoin (DOGE) or Shiba Inu (SHIB). While Bonk (BONK) has become a popular name in Solana's ecosystem and built a loyal base, its path to $1 is riddled with mathematical impossibility. With a supply of over 56 trillion tokens, a $1 price would catapult its market cap into multi-trillion-dollar territory — a feat even Bitcoin hasn't achieved. In contrast, newer or better-structured projects like Little Pepe (LILPEPE), alongside scalable networks like Tron (TRX) and Sei (SEI), are better positioned for explosive price action in 2025, with actual chances of reaching or approaching the $1 milestone. Let's discuss the case for these three contenders and why Bonk may be barking up the wrong tree. Why BONK's $1 Dream is an Illusion Bonk is a community-driven meme coin launched on Solana that surged in popularity thanks to its ultra-low price and massive token supply. Despite making headlines during its parabolic rallies, its sheer supply — over 56 trillion BONK — creates a mathematical block to the $1 goal. At $1, BONK's market cap would be over $56 trillion, nearly 25 times more than Bitcoin's peak market cap. Even the most bullish crypto cycles have limits, and BONK's valuation model works against it. That's why, for investors looking to multiply their wealth in 2025, it might be time to focus on lower-supply, high-potential projects with actual utility and momentum — like TRX, SEI, and the new meme coin shaking the space: Little Pepe. Tron (TRX): Old Giant Poised for New Highs Tron may not grab as many headlines these days, but it's one of the most stable and consistently growing ecosystems in the crypto world. With a solid DeFi presence, millions of daily transactions, and expanding adoption in emerging markets, TRX is a steady gainer. Trading at just $0.31, TRX has room to run without requiring unrealistic market cap growth. A $1 TRX by 2025 would imply a market cap of under $90 billion — entirely feasible considering its growing relevance in stablecoin settlements, its dominance in USDT transfers, and rising user activity. TRX might not be flashy, but its fundamentals and scaling potential make it a serious contender. Sei (SEI): Underrated L1 with Speed and Scale SEI, a Layer-1 blockchain focused on trading and DeFi, is trading at approximately $0.468, with a market cap of $1.75 billion. To reach $1, SEI needs a 114% gain, resulting in a $3.75 billion market cap based on its 3.75 billion circulating supply. Its low valuation compared to Ethereum and Solana gives it huge upside potential without requiring it to become the next Bitcoin. With growing partnerships and a strong roadmap, Sei is flying under the radar. Little Pepe (LILPEPE): The Meme Coin That Might Just Do It If there's one meme coin that has surprised everyone and could still shock the market, it's Little Pepe (LILPEPE). Priced at just $0.0016 and in stage 7 of its presale, LILPEPE has already raised over $11.5 million — a sign of strong demand and investor belief. Inspired by legendary SHIB and Floki Inu runs, this token combines viral appeal with serious infrastructure. But LILPEPE is more than just a meme. It's launching a Layer 2 chain designed explicitly for meme coins, complete with its launchpad and the lowest transaction costs in the market. This unique positioning taps directly into the future of meme culture and blockchain scaling. And then there's the $777,000 Giveaway: 10 winners will receive $77,000 worth of LILPEPE tokens, turning up the community hype as the presale nears its final stages. Such a marketing campaign only adds fuel to the momentum. If LILPEPE hits just $1 in 2025, early investors buying in at $0.0016 could be sitting on 62400% gains. Unlike BONK, which is constrained by a mammoth supply, LILPEPE's tokenomics support explosive growth while keeping the market cap in check. Conclusion: Bet on the Math, Not the Hype BONK has enjoyed the spotlight, but it's unlikely to reach $1. Its token supply makes that target unfeasible without inflating the entire crypto market into absurdity. Instead, investors eyeing that 50x or 100x return would be wise to pivot toward projects with genuine upside, technical edge, and scalable token structures. Little Pepe (LILPEPE) brings meme energy with smart design, TRX offers stability with adoption, and SEI delivers speed with innovation. In 2025, these could be the tokens that leap — possibly even to $1 — while BONK stays stuck barking at the moon. For more information about Little Pepe (LILPEPE) visit the links below: Website: Whitepaper: Telegram: Twitter/X:
Yahoo
a day ago
- Business
- Yahoo
Shiba Inu Eyes Monthly Gain Despite 8% Price Loss
Shiba inu (SHIB), the world's second-largest memecoin, has had a rough week. Still, the cryptocurrency appears on track to register a double-digit monthly gain. SHIB fell to $0.00001263 early today, the lowest since July 10. Prices are down nearly 9% for the week, with a loss of over 2% in the past 24 hours. The weakness is consistent with the mood seen in the memecoin sector. The CoinDesk Memecoin Index (CDMEME) has declined by 10% in seven days. Price volatility in SHIB aligns with broader shifts in the crypto market, as policy uncertainty reshapes digital asset allocation. The token's failure to rally despite aggressive burn programs underscores investor preference for utility-driven projects over pure speculation plays. Key AI insights SHIB plunges 2.28% from $0.000013107 to $0.000012809 during a 24-hour window ending July 30, 14:00 The burn mechanism destroyed 600 million tokens in a single session, marking a 16,710% surge in destruction rate Competitors BONK, PENGU, and utility-driven Remittix capture trader flows as SHIB loses meme coin leadership. Technical Levels Price dropped 2.28% from $0.000013107 to $0.000012809 across the 24-hour period. Trading bandwidth spans $0.0000005215, equivalent to 4.12% of the total range. Resistance capped advances at $0.000013184 with rejection during the 17:00 session. Support emerged at $0.000012663, backed by 1.25 trillion token volume. The downtrend intensified after 10:00 on July 30, with consecutive lower peaks. Late-session bounce delivered a 0.25% gain in the final trading hour. The volume explosion reached 43.5 billion tokens during the 13:57-13:59 rally phase. The three-wave pattern emerged: consolidation, distribution, then short-covering. Bullish hints SHIB's monthly price chart shows the token is likely to end July with an inverted hammer candle as it looks to bounce from year-to-date lows. An inverted hammering appearing after downtrend or at market lows indicates that buyers attempted to push the price significantly higher during the period, but sellers ultimately overpowered buyers, pushing prices back down to near the opening price. However, the sheer presence of the long upper shadow indicates that buying interest is re-emerging at these low levels, hinting at potential bullish reversal in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
a day ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Dow Jones Gains as Fed Holds Rates Steady
30 Jul 2025 | 11:55:13 PM IST The Dow Jones and other major U.S. indices rose after the Fed decided to keep interest rates unchanged at 4.25% to 4.50%, despite a split vote and pressure from Trump for a rate cut. In the latest market developments, the Dow Jones and other major U.S. stock indices saw slight gains following the Federal Reserve's decision to maintain interest rates amid ongoing trade policy concerns. The Fed's split vote highlighted differing opinions on rate cuts, with some members advocating for a reduction. Meanwhile, in the cryptocurrency space, smart money is increasingly betting on Ethereum, with significant institutional backing and a potential spot ETF on the horizon. Solana and emerging tokens like BONK and SKY are also gaining attention as investors diversify their portfolios. Shiba Inu has shown renewed momentum, but the rising Pepeto memecoin is capturing investor interest with its unique infrastructure. Analysts are optimistic about Ethereum's potential to reach $10,000 by 2025, driven by institutional adoption and significant inflows into Ethereum ETFs. Additionally, Dogecoin is poised for a breakout, supported by bullish technical patterns and the possibility of a spot DOGE ETF approval. Overall, the financial landscape is marked by cautious optimism as traditional markets and cryptocurrencies navigate through evolving economic conditions. Show more
