- Meme coins SHIB, FLOKI, and BONK have offered investors remarkable gains amid this year’s bull cycle.
- Coinbase extends support for SHIB, FLOKI, and BONK, adding credibility to these investments.
- Whale accumulations for these tokens have spiked notably, indicating increased confidence among large-scale investors.
Discover why SHIB, FLOKI, and BONK are the meme coins to watch in this year’s crypto bull run.
Coinbase Extends Support For SHIB, FLOKI, & BONK
Adding to the credibility of investment opportunity, Coinbase, a renowned cryptocurrency exchange, has recently introduced perpetual futures contracts for Shiba Inu (SHIB), FLOKI, and BONK. These contracts are anticipated to inject a significant amount of capital into the coins’ ecosystem, paving the way for optimistic future price movements.
Whale Accumulations On The Rise
Meanwhile, numerous reports spotlight that Shiba Inu and FLOKI accumulations by whales have been on the rise. This hints at increased confidence among large-scale investors for the meme coins’ future price movements. On-chain data surfacing within markets has illustrated massive accumulations amid this year’s bull cycle, signaling that these tokens could pump further in the coming days.
Derivatives Data Analysis
Coinglass data further paints an optimistic portrait of SHIB, FLOKI, and BONK meme tokens. Upon looking at open interest charts, it can be seen that SHIB Futures OI has surged to unprecedented levels since February this year. Moreover, BONK and FLOKI OI followed, surging to record highs since the start of this year’s bull run.
SHIB, FLOKI, and BONK Price Movements
CoinMarketCap’s data further underscores the phenomenal bull run embarked upon by these meme-based investment products this year. It’s worth noting that a post-BTC halving price rally has yet to kick in. Shiba Inu’s yearly charts show gains of 192.80%, whereas FLOKI rallied 622% during the same period. BONK, on the other hand, surged exceptionally over the past year, worth 8822%.
Meme Coins: The Talk Of The Crypto Town
Moreover, meme coins have nabbed significant attention this year, offering mind-blowing ROIs to investors. A recent report further spotlights how meme coins undermine AI and big data coins despite the burgeoning adoption of AI across the globe. This further adds a bullish splash to these meme-based investment products.
Conclusion
In conclusion, SHIB, FLOKI, and BONK have demonstrated remarkable performance amid this year’s bull cycle. With Coinbase’s support, rising whale accumulations, and promising derivatives data, these meme coins are positioned for potential future gains. Investors should keep a close eye on these tokens as they continue to capture significant market attention.
