FXWirePro- BONK - Solana based Meme coin

Bonk coin launched on Christmas Day 2022 as a free airdrop. It is the very first Dog meme-based coin of the people.

Utility

It is the true community coin of web3 and varieties of  131 Solana projects integrated BONK as a medium of payments. The major pillars are

Multi-chain

Defi

Gaming

Token economics -

21% of the coin is being distributed among 40 active Solana NFT projects, representing more than 296000 individual NFTs.

15.8% of the Supply is going towards Solana market participants and DeFi users.

10.5% of the supply is going towards the artist collectors of 1/a art.

5.3% of the supply is going towards developers on the Solana chain

21% goes to early contributors helping with the launch and continuing to advance BONK since its inception.  

15.8% goes to a Bonk DAO

5.3% has been allocated towards initial liquidity distribution on different exchanges.

5% used for marketing promotions.

BONK  prices hit a new record high of around $0.00001487 after listing on Kucoin. The pair was one of the best performers in Nov month and surged by more than 900%. It currently trading around $0.00001187. The pair is holding well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).

The near-term resistance is around $0.0000150, any indicative breach above will take the pair to $0.0000163/0.000017. On the lower side, immediate support is $0.00000980, and any violation below targets $0.000008560/0.00000725.

Indicators ( Daily chart)

CCI(50)- Bullish

Directional movement index - Bullish