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via CoinDesk · By CoinDesk Staff

Creator behind Solana's legendary BONK token says meme trading is a 'seven-leg' parlay

BONK

BONK/USDT

$0.00000408

-3.09%

$0.00000408

-3.09%

(24s)

24h Volume

$30,154,182.97

24h H/L

$0.00000438 / $0.00000391

Change: $0.00000047 (12.02%)

Funding Rate

+0.0011%

Longs pay

Data provided by COINOTAG DATALive data

BONK

Daily

$0.00000406

▼ -3.56%

Volume (24h): -

Resistance Levels

Resistance 3$0.00

Resistance 2$0.00

Resistance 1$0.00

Price$0.00000406

Support 1$0.00

Support 2$0.00

Support 3$0.00

Pivot (PP):$0.00000412

Trend:Sideways

RSI (14):30.3

CoinDesk Staff

(01:07 PM UTC)

1 min read

Updated byEmily Watson

1220 views

0 comments

Memecoin trades carry rare 'seven-leg' parlay odds, BONK's Nom says at Consensus

The BONK core contributor argued memecoins skipping ETF and public-company rails end up rinsing retail.

The odds on a seven-leg parlay and the odds on a fresh memecoin trade are roughly the same, BONK core contributor Nom told audience at the ongoing Consensus Miami on Tuesday.

Most memecoin teams lack the staying…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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