Solana-based meme coin PONKE has reached an all-time high, experiencing a 7,100% surge in 2024, driven by social media popularity.
Points
- PONKE reaches an all-time high of $0.67440.
- The coin has surged 7,173.4% since January 3, 2024.
- Social media influence plays a significant role in its growth.
The Solana meme coin PONKE has achieved a historic milestone, reaching an all-time high of $0.67440 after a 70% increase in the past week. This marks a staggering 7,173.4% rise from its all-time low of $0.00928 on January 3, 2024. This meteoric rise has positioned PONKE as the sixth most valuable Solana-based meme coin, behind notable tokens like WIF, BONK, POPCAT, BOME, and MEW.
PONKE’s rapid ascent can be attributed to its widespread popularity on social media platforms. Its humorous memes and engaging design have captivated users, prompting significant trading and speculative interest. The influx of investors, driven by the coin’s potential profitability and viral appeal, has further fueled its price surge.
Prominent crypto analysts have highlighted PONKE’s bullish structure, with some predicting continued growth. For instance, the well-known trader Bluntz noted the coin’s breakout from an ascending channel and its subsequent support level flip, indicating strong bullish momentum.
“So many meme charts are now putting in structures that we saw in SOL shitters that 100x’d earlier in the cycle. I’ve mentally bookmarked as extremely bullish ones,” Bluntz commented.
Despite the hype, there are concerns about the sustainability of PONKE’s rally. Meme coins are often subject to volatility, driven by trends and social media buzz. Jonas Dovydaitis, Co-Founder & CEO of PAiT, emphasized the importance of understanding the community and narrative behind a meme coin to gauge its potential longevity and stability.
解説
- PONKE’s rise highlights the power of social media in driving cryptocurrency trends.
- Investors should exercise caution with meme coins due to their volatile nature.
- Understanding the community and narrative behind a meme coin can provide insights into its potential success.