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- Bonk Inu collaborates with Manta Network, offering 1M MANTA tokens as rewards for locked BONK.
- Trader Koala sees potential for a strong BONK rebound despite recent market corrections.
Bonk Inu (BONK), a popular Solana-based meme token, has announced a major collaboration with Manta Network. This collaboration offers interesting options for BONK holders and seeks to strengthen community engagement through a variety of activities.
Bonk Inu Rewards Loyal Holders with MANTA Tokens in New Initiative
In a recent tweet, Bonk announced that users who have locked over 1 million BONK in BONKrewards by 7:25 pm EST on July 11 would have the opportunity to earn 1 million MANTA tokens in prizes over the next month. This reward is part of a larger initiative to encourage participation in upcoming ecological projects.
The Dog 🤝 @MantaNetwork
Users who have Locked over 1M $BONK in BONKrewards by 7:25pm EST on 7/11 have the opportunity to earn 1M $MANTA in rewards over the next month with various BONK community activities❗️❗️❗️ pic.twitter.com/81ognfvOYm
— BONK!!! (@bonk_inu) July 12, 2024
In the next few weeks, Bonk Inu will hold pop-up events in conjunction with various projects in the ecosystem. These activities will provide additional incentives from the pool of MANTA tokens, incentivizing the community to participate more actively.
This deliberate move is expected to reward loyal holders while also attracting new members to the BONK ecosystem.
Beside that, Bonk Inu has surpassed Dogwifhat (WIF) in market cap, proving its great performance in the cryptocurrency market. However, the token has had a slump, with its price falling 11.82% over the last 24 hours to $0.00002268. This comes after an astounding increase in the last seven days.
The bullish trend has been evident since the beginning of the month, when BONK was named the top gainer among the top 100 cryptocurrencies, as we previously reported. Nonetheless, meme coins are known for their volatility, with positions changing rapidly.
Responding to the recent bearish movement, prominent Twitter analyst Trader Koala predicted a huge rebound for BONK.
According to his study of the 3-day chart, the token may fall further to a potential support zone, which might act as a rebound point. This information offers a ray of light to investors who are holding on to their BONK coins despite the present market volatility.
Meanwhile, Bonk Inu has previously cooperated with Octo Gaming, an ecosystem dedicated to improving the gaming experience, and the Paris Musketeers, a professional American football team headquartered in France.
