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After a vexing downturn last week, there’s a silver lining for BONK investors as prices have almost entirely recouped the losses. Fading away the blues of last week, the prices of BONK traded at an encouraging rate of $0.000014 on Thursday morning. The reversal is likely the result of an official announcement, although details about the content of the announcement were not informed.
The zap in BONK’s price wasn’t the only good sign. The cryptocurrency also reported a significant leap in its trading volume over the past 24 hours, clocking in over $235 million since Wednesday. Such an impressive momentum in the trading volume is a bullish indicator for the cryptocurrency, potentially pointing to an influx of interest from investors. This turnaround could be the stepping stone BONK needed to regain its footing in the market.
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