Bonk Falls 7.6% Amid Pudgy Penguins Surge and Arctic Pablo Coin Rises to $3.34M

Bonk (BONK) has seen a 7.6% decline in price over the past 24 hours, settling in a potential support zone at approximately $0.000024-$0.0000242. This drop has triggered concern among meme-coin investors, especially as Pudgy Penguins has overtaken Bonk to become the top Solana-based meme token, with a market cap nearing $2.88 billion compared to Bonk’s $2.84 billion [1]. The reduced trading volume, down roughly 18%, suggests that selling pressure has not intensified dramatically, but the pullback remains a significant development [1].

Despite the downturn, there are technical and on-chain signals that suggest a potential rebound. Bonk is approaching a key support level at $0.0000265, which aligns with the 200-day exponential moving average (EMA) and the oversold territory of the relative strength index (RSI). Analysts see this as a classic setup where a bounce could occur, particularly if accumulation by large holders—commonly known as "whales"—continues [1]. On-chain data shows that buying interest has remained steady, indicating strategic accumulation before a potential upward move [1].

Token burns via platforms such as LetsBonk.fun are also contributing to a deflationary narrative. By removing supply from circulation, burns create scarcity, which can drive price appreciation if demand remains strong [1]. Additionally, rumors of Solana integration have sparked both optimism and uncertainty in the community, further fueling speculative interest in the token’s future performance [1].

In parallel, Arctic Pablo Coin (APC) has emerged as a new contender in the meme-coin space. The project has raised over $3.34 million in its presale and is currently in its 36th funding stage at $0.0008 per token. With a projected listing price of $0.008 and analyst estimates suggesting a potential jump to $0.1, early buyers could see a 900% or more return on investment [1]. The token’s unique narrative—centered around a cartoon character exploring frozen landscapes—adds a storytelling element that differentiates it from other meme tokens.

Arctic Pablo Coin also offers a 66% annual percentage yield (APY) staking program and referral incentives, which are designed to encourage long-term participation and community growth [1]. The deflationary model, which includes weekly price increases and the permanent destruction of unsold tokens, has attracted investors looking for high-reward opportunities in the current market [1]. These factors have positioned APC as one of the most talked-about projects in the meme-coin space and have drawn comparisons to other presale-driven tokens that have seen explosive growth in the past [1].

The broader meme-coin market remains a high-stakes arena where sentiment and community engagement play pivotal roles. Bonk’s integration with platforms like Bonk.fun and its continued holder base provide a foundation for future growth, while Arctic Pablo Coin’s unique branding and financial incentives have created a compelling case for new entrants to the market [1]. As both projects move forward, investors will be watching closely for signs that the current momentum can be sustained—or that the next wave of meme-coin dominance is about to begin.

Source: [1] Bonk Price Prediction: Bonk Drops 7.6% as Pudgy Penguins Shine and Arctic Pablo Coin Tops $3.34M Raised (https://coinmarketcap.com/community/articles/689ba3131a035523f370bf82/)