According to Lookonchain, @SolportTom publicly spent $700 to acquire 246,000 GLONK tokens, leading to a swift rise in GLONK’s market capitalization to $17 million. This high-profile transaction was executed transparently via his public wallet, increasing market confidence and driving significant trading volume. The sudden price movement and liquidity inflow present both new trading opportunities and heightened volatility risks for short-term traders. Source: Lookonchain on Twitter, May 14, 2025.

According to Lookonchain, GLONK token experienced a significant decline in market capitalization, dropping from a peak of $18 million to approximately $4 million on one exchange and from $15 million to around $816,000 on another. The 24-hour trading volume remains high, with $82 million on one platform versus $56 million on the other, highlighting strong trader activity and volatility. For crypto traders, these real-money market moves signal heightened risk and potential short-term trading opportunities as market sentiment shifts rapidly (source: Lookonchain on Twitter, May 14, 2025).

According to Lookonchain, 20 hours ago Ricky Gervais (@rickygervais) posted an image of Glonk, a character from his Flanimals book series. Shortly after, a new meme coin called $GLONK was launched, followed by a second $GLONK token just three minutes later. Traders should note the rapid succession of similar tokens and high volatility, a common risk with celebrity-driven meme coins (Source: Lookonchain, Twitter, May 14, 2025). The sudden influx of $GLONK tokens underscores the speculative nature of such projects and highlights the importance of verifying token legitimacy, as meme coin launches often experience extreme price swings and potential scams. Crypto market participants are advised to exercise caution and conduct due diligence before trading these trending tokens.