It’s been an excellent week for meme coin traders, with Bonk (BONK) and Memecoin (MEME) seeing their prices surge.
Trader interest in these wildly popular tokens has spiked again, with both posting double-digit gains.
As the hype around these coins continues, some traders are focusing on the hotly-anticipated launch of Sponge V2 (SPONGEV2) and whether it can benefit from the meme coin market’s momentum.
BONK Price Surges & Charts a Path Back to All-Time Highs
BONK has been one of the best performers in the meme coin market over the past week, with its price up over 34%.
The token’s price began soaring last Monday after rejecting the support region around $0.000010.
Following this rejection, BONK posted three bullish daily closes in a row – taking the token back to where it was in the final week of 2023.
BONK’s trading volume has also surged, with over $191 million worth of the token exchanging hands in the past day.
Technical indicators have also flipped bullish, and BO
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