Solana’s BONK Roundtrips Total Gains From 2024, Here’s Why It’s A Good Buy Now

After a 12 months of explosive worth development, the Solana based mostly meme coin, BONK, has worn out all of its 2024 beneficial properties, retracing roughly 76% from its peak. Regardless of this dramatic decline, a crypto analyst has instructed that this dip might be a strategic shopping for alternative for traders fairly than a trigger for concern. 

Solana‘s BONK Retraces 2024 Positive factors

The broader meme coin market has been experiencing a extreme downturn, pushed by the volatility and market modifications brought on by the latest Bitcoin price decline. Following United States (US) President Donald Trump’s trade war, meme cash like BONK, Dogecoin, Shiba Inu, and others crashed severely. 

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A latest chart evaluation by a TradingView professional recognized as ‘Cusdridge19523’ sheds light on the extent of Bonk’s extreme decline. In accordance with the analyst, Bonk has round-tripped just about all of its beneficial properties from 2024, dropping over 76% from its most up-to-date market peak. 

This huge worth crash marks the fourth main correction within the meme coin’s historical past. In 2024, Bonk skilled three important worth pullbacks that noticed its worth drop by greater than 60%. At the start of the earlier 12 months, the meme coin fell 72.77% after reaching an area peak. Equally, in the course of the second quarter of 2024, BONK skilled a 74.2% worth drop and declined once more by 65.05% across the third quarter. 

Its latest 76.08% in 2025 marks its highest crash in comparison with earlier corrections in 2024. CoinMarketCap additionally stories that Bonks’ complete beneficial properties for 2025 are about 78.82%. The meme coin skilled a gradual worth drop to its present low, plummeting by 48.02% in a single month and one other 28.46% up to now week. 

Presently, the BONK worth continues to be within the purple zone, having fallen by 1.28% within the final 24 hours. Its present worth is $0.000018, aligning with previous help ranges and consolidation areas that triggered sturdy rebounds. The TradingView analyst has additionally revealed that the market might have to attend between 7 and 90 days for BONK to make a spherical journey and expertise a potential worth rebound.

Why Now Would possibly Be A Good Time To Purchase

As BONK reaches consolidation lows just like previous tendencies, the TradingView analyst believes its present worth degree presents a horny buying opportunity for traders seeking to reap the benefits of market dips. Traditionally, Bonk has proven a transparent sample of sturdy worth reversals after sharp market corrections, giving traders extra cause to imagine that the token might as soon as once more ship sturdy returns from market lows. 

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Moreover, the TradingView professional revealed that the broader crypto market outlook for 2025 is bullish, with hypothesis rising round Solana-based Trade Traded Funds (ETFs). The introduction of a Solana ETF might additionally drive institutional curiosity, not directly benefiting meme cash like BONK. The analyst has additionally highlighted the opportunity of a BONK ETF, including to the bullish fireplace and probably driving demand.

Featured picture from LinkedIn, chart from Tradingview.com