DTX Exchange Becomes Top Landing Spot For Solana Whales After Rebate Announcement & BONK Retrace

While BONK and Solana (SOL) haven't displayed bullish signals lately, investors are still holding onto them, anticipating a potential breakout after a prolonged bearish sentiment.

Investors are still holding onto BONK and Solana (SOL), anticipating a potential breakout from these assets after a prolonged bearish sentiment, despite the lack of bullish signals from either asset lately.

On the other hand, the deFi powerhouse DTX Exchange (DTX) has outshined established altcoins like Solana (SOL) and BONK by a notable margin.

Solana (SOL) is currently changing hands at $145.6 with a 5% price decline in the last 24 hours. Throughout Q3, Solana (SOL) has surged ahead, leading Bitcoin (BTC) and Ethereum (ETH).

Following a strong recovery from its August instability, Solana (SOL) is now leading the charge, outshining its high-ranked competitors. In September, Solana (SOL) experienced a decent trading volume surge, which showed positive signs of a potential upside.

For the first time in 43 days, Solana (SOL) DEX trading has surpassed Ethereum (ETH), based on the on-chain data analysis. Solana (SOL) currently holds a $68.37 billion market cap with a 24-hour trading volume of $3.87 billion, surging by $3.2 billion.

In general, October has a history of favoring crypto markets. Most of all, Solana (SOL) has also ridden the bullish wave following the market sentiment. Despite facing resistance at $163, the increased trading volume and whale activity might push the Solana (SOL) trading value over $165 soon.

In terms of performance metrics, BONK is currently trading at $0.00002 with a 5% price decline in the last 24 hours. It holds a $1.64 billion market cap with a 24-hour trading volume of $641.4 million, surging by 35%, approximately $224 million.

The recent dip in its trading value has sparked concerns among investors about the long-term viability of the BONK token. Unlike other memecoins, BONK has exploded in popularity in recent times through its strong community backing and viral potential.

While investors saw BONK as a mere speculative token, it has surprised many traders by delivering massive returns to early investors. Its current positive sentiment is also anticipated to drive strong price rallies in the network.

Currently, BONK is capitalizing on the memecoin phenomenon, where coins with strong community support can achieve explosive rises in value.

While BONK is closely knit to social media hype and community engagement, it brings high-risk and high-reward opportunities for traders looking to capitalize on short-term gains.

With BONK and Solana (SOL) displaying mixed performance signals, the spotlight has shifted to this viral deFi exchange.

DTX Exchange is a hybrid trading exchange that allows users to trade cryptos, forex, equities, and contract-for-differences (CFDs). The platform features cutting-edge infrastructure and insane trading features to provide highly lucrative opportunities.

Following its mind-blowing presale success, DTX Exchange (DTX) has finally secured a spot in one of the leading crypto sites.

CoinMarketCap has recently listed DTX Exchange (DTX) on its website, bringing a larger exposure to this emerging deFi powerhouse. The platform has experienced a high-volume influx in the exchange after its listing on CoinMarketCap went live.

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