Wow! How Did A Trader Profit $6.9 Million In BONK?

<p>&nbsp;"After making millions, traders want to buy some more BONK? He is sure."</p><p><br /></p><p>Wealthy investors who made millions trading in a Solana (SOL)-based memecoin called Bonk (BONK) are suddenly showing renewed confidence in rival Dogecoin (DOGE).</p><p><br /></p><p>According to a report by blockchain tracking firm Lookonchain, traders who made a profit of $6.9 million in BONK have once again spent 386 SOLs worth $40,000 to buy 3.29 billion memecoins.</p><p><br /></p><p>Please note that the trader spent 6,998 SOL worth $276,000 to buy more than 371.4 billion BONK in nine months, then he sold half of the BONK when the price saw an increase.</p><p><br /></p><p><br /></p><p>Not only that, the whales also made a big move in Wrapped Bitcoin (WBTC) after selling a total of 355 WBTC worth 15.9 million USDT while the price was at $44,875 for a gain of $5.6 million.</p><p><br /></p><p>While another whale also collected almost 400 WBTC, where he who bought WBTC on-chain spent about 18.25 USDC to buy 391 WBTC in the current week when the price was trading at $46,689.</p><p><br /></p><p>Through observation, BONK needs to break through $0.000020 first to reach again at $0.000035 but if it fails then the price can drop back to $0.000009 or $0.0000007.</p><p><br /></p><p>As of this writing, BONK price is still down 4.40% at $0.000015 in the last 24 hours with a market cap of $977 million but is still up 26.16% over the last week while WBTC is up 0.96% at $46,497 in the last 24 hours.</p>