BONK Surges 17.83% Amid $7.42 Million Liquidations, Second Only to ETH in 24-Hour Market Activity
2025-07-06 11:13:08
Main Idea
BONK experienced a 17.83% price surge amid $7.42 million in liquidations, ranking second only to Ethereum in liquidation volume, highlighting its growing influence in the crypto derivatives market.
Key Points
1. BONK's total network liquidations exceeded $7.42 million within 24 hours, with long positions accounting for $1.82 million and short positions $5.6 million.
2. BONK's liquidation volume is second only to Ethereum (ETH), indicating its significant presence in the crypto derivatives space.
3. BONK's price surged 17.83% to $0.00002135, reflecting heightened trading activity and market volatility.
4. The data underscores BONK's increasing importance for investors and traders monitoring altcoin market dynamics.
Description
On July 6, Coinglass reported that BONK’s total network liquidations surpassed $7.42 million within 24 hours, highlighting significant market volatility. Long positions accounted for approximately $1.82 million in liquidations, while
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