BONK Price Surges After Bonk Arena Game Launch: Can It Hit $0.00002962?

As a result of the launch, BONK price has gained new. Over the last day, the token has increased by 8%, and trading volume has risen by almost 30% to exceed $215 million.

Keep reading to know more.

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Was Smart Money Aware Of BONK Arena Before the Retail Crowd?

As the price experienced a slow increase and trader participation in meme coins lagged behind that of utility-backed altcoins, BONK came with a plan. 

Their plan involved launching a “Kill-to-Earn” game aimed at boosting adoption and re-establishing BONK as a prominent meme in the crypto community. It appears that savvy investors anticipated this strategic move, as they began accumulating during the dips in the days leading up to the game’s launch.

An account on X has highlighted that over some period, buying activity by whales are tracked, and they are positioning for a bigger move ahead.

If this game becomes a strong catalyst and its adoption rises then its price action could explode northwards. On the weekly chart, its clear that it is holding at May’s support zone, and a rise in bullish pressure would lead to a retest at $0.00002962 by June end.

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