BONK, Solana's leading meme coin, has outperformed major altcoins like Injective (INJ), dogwifhat (WIF), and Celestia (TIA) with a staggering 19.8% surge in the past 24 hours. Priced at $0.00001687**, BONK’s 7-day growth exceeds **25%**, fueled by a **368% spike** in trading volume to nearly **$600 million.
BONK ETF Rumors Fuel the Rally
The immediate catalyst? ETF speculation. Tuttle Capital Management filed an update for a 2x Long BONK ETF, tentatively launching on July 16, 2025. If approved, this would mark the first leveraged BONK product, aligning it with ETFs tracking assets like Solana and Cardano.
The filing alone ignited a 326% volume surge as traders bet on the legitimacy and exposure an ETF could bring.
Solana’s Ecosystem Strengthens BONK’s Utility
BONK is evolving beyond a meme coin, boasting 350+ DeFi integrations. Key developments:
- The Saga mobile BONK redemption program ends July 31, with unclaimed tokens (2.5B BONK) returning to the DAO treasury.
- 17,599 claims processed out of 20,000, reflecting strong community engagement—a bullish signal for long-term support.
👉 Solana’s latest updates highlight BONK’s growing ecosystem integration.
Technical Analysis: BONK’s Breakout Confirmed
BONK’s price action signals further upside:
- Descending wedge breakout followed by a successful retest.
- Key resistance at $0.00001449** breached; next target: **$0.00001720.
- A close above this level could propel BONK toward $0.00001980–$0.00002150.
Momentum indicators:
- 7-day RSI at 63.33: Room for growth without overheating.
- MACD histogram flipped green, signaling renewed bullish momentum.
FAQs
What’s driving BONK’s price surge?
ETF speculation, Solana ecosystem growth, and technical breakouts are key drivers.
Will the BONK ETF launch?
Approval isn’t guaranteed, but the filing has already boosted trading activity.
How does Solana’s ecosystem impact BONK?
With 350+ DeFi integrations, BONK gains utility beyond memes, supported by active DAO incentives.
What’s BONK’s next price target?
A close above $0.00001720 could push it to $0.00001980 or higher.
👉 Explore crypto trends for deeper insights.
Key Takeaways
- BONK’s 20% daily surge reflects ETF hype and ecosystem strength.
- Technicals suggest $0.00002 is achievable if momentum holds.
- Reduced sell pressure from unclaimed Saga tokens may tighten tokenomics.
Disclaimer: This content is for informational purposes only and not financial advice.
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