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$BONK and $PEPE Soar 10% Post Transak Listing—Are the Rallies Sustainable?

$BONK and $PEPE tokens exceed $1 billion market cap, showcasing resilience amidst downturns

2 min 30 sec September 27, 2024

Highlights:

These listings on Transak increased accessibility and boosted investor confidence.

$BONK and $PEPE tokens surged 10%, exceeding a $1 billion market cap.

Strong staking volumes indicate growing interest, despite lower overall trading activity.

$BONK and $PEPE Soar 10% Post Transak Listing—Are the Rallies Sustainable?

Meme-based tokens $BONK and $PEPE have surged by nearly 10% in the past week. Their market cap now exceeds $1 billion, signaling growing investor interest. 

 

Despite market downturns, both coins have remained resilient. Analysts attribute this stellar performance to their recent listing on Transak, a leading Web3 payment platform.

 

Increased Accessibility Driving Growth

 

The Transak listings makes it easier for users to buy PEPE and BONK, simplifying Web3 onboarding. The number of PEPE-holding addresses has increased from 240,000 in mid-July to 275,000, according to Etherscan. 

 

 

This growth suggests rising confidence among stakeholders, reinforcing the bullish outlook.

Meanwhile, $BONK has seen a 5% rise, with its price hitting $0.00001996 in the last 24 hours. 

 

Although the daily transaction volume remains below average, $BONK's staking volume continues to grow, reflecting increased interest in its use within DeFi.

 

Bullish Momentum for Both Tokens

 

$BONK coin's staking volume has reached $43 million, highlighting its expanding role in decentralized finance. Despite a drop in overall trading volume, $BONK is edging closer to its previous high of $0.00002201. 

 

Similarly, $PEPE has shown strong resistance against market volatility, nearing its previous resistance at $0.00000950. Investors remain optimistic that both tokens can sustain their current momentum.

 

The long-term outlook for $BONK and $PEPE will depend on Bitcoin’s performance. A strong Bitcoin market could push both tokens past their previous rejection levels. 

 

 

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