Bonk Price Prediction as It Falls 6% – Is the Meme Coin Hype Fading?

Bonk (BONK) is down another 6% on Friday, taking its run of losses since hitting all-time highs in December to nearly 70% as meme coin hype continues to fade.

BONK/USD was last changing hands on major cryptocurrency exchanges at around $0.000011, a far cry from its peak a few weeks ago above $0.00003.

Despite its torrid time in recent weeks, BONK remains the third largest meme coin in the crypto market as of Friday with a market cap of around $700 million, lagging only Dogecoin (DOGE) and Shiba Inu (SHIB), which have market caps of $11.8 billion and $5.8 billion respectively.

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