DeFi News Daily Official TheBitTimes.com

The Bonk price has plummeted 15% in a week and 3% in the last 24 hours to trade at $0.00003564 as of 10:05 p.m. EST as traders start to dump their holdings in the meme coin. Along with the drop in the BONK price in the last 24 hours, yesterday’s trading activity around the crypto is also 34% less than the volumes recorded the day before. Bonk Price Resting On A Key Support 4-hour chart for BONK/USD (Source: GeckoTerminal) GeckoTerminal data shows the Bonk price dropped below the key support at $0.00003874 in the last 24 hours, and is now resting on the next crucial technical safety net at $0.00003380. Losing the $0.00003380 support could expose the meme coin to the risk of dropping even further in the following few hours. Conversely, the Bonk price rebounding from the $0.00003380 point in the coming 12 hours might mark the end of the bearish move. However, BONK will first need to overcome a short-term negative trend line that has emerged on its charts before it can begin t...

The Reef price plunged 55% in the last 24 hours to trade at $0.00225 as of 4.40 a.m. EST on trading volume that skyrocketed 103% to $335.89 million. The project’s price plummeted despite it confirming yesterday that it had started working with VIA Labs, and that it’s building a reef bridge. It's a new — and big — milestone today! 🪙 The work has started: @via_labs has began building the bridge 🌉 🤝 Up, up, up we go 🚀 https://t.co/kG9E44NICw — 🐠 Reef (@Reef_Chain) October 15, 2024 Last month, the project said that it partnered with VIA Labs in a deal that will allow it to incorporate Reef Chain into their messaging, bridge, and Proto-CCTP products. They said that work will start in October and that the launch is expected before the end of the year. The rumors are true. Reef has partnered with @via_labs to incorporate Reef Chain into their messaging, bridge, and Proto-CCTP products. Work begins October, with a ...