The Solana-based meme coin, BONK, has experienced a significant price decline, wiping out all of its 2024 gains and dropping over 76% from its peak. Despite this, a crypto analyst suggests that this dip could be an opportunity for investors rather than a cause for concern. The broader meme coin market has been affected by the recent volatility and market changes caused by the decline in Bitcoin's price. BONK has gone through four major corrections in its history, with the current decline being the largest. However, historical patterns suggest that BONK may experience a price rebound. The analyst believes that BONK's current price level presents an attractive buying opportunity, and the overall crypto market outlook for 2025 is bullish. Speculation around Solana-based Exchange Traded Funds (ETFs) and the possibility of a BONK ETF could drive institutional interest and demand for meme coins like BONK.



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