BONK, Solana’s leading meme coin, has posted the largest 24-hour gain across the top 100 cryptocurrencies by market cap, outperforming major altcoins such as Injective (INJ), dogwifhat (WIF), and Celestia TIA.
Over the past 24 hours, BONK Coin has surged by 19.8%, reaching $0.00001687 and marking a 7-day increase of over 25%. The sharp surge coincided with a 368% increase in 24-hour trading volume, which now stands at nearly $600 million, according to recent data.
BONK ETF Rumors Light the Fuse
The biggest short-term catalyst appears to be the ETF buzz. Tuttle Capital Management recently filed a procedural update for a 2x Long BONK ETF, with a possible launch date set for July 16, 2025. This would be the first-ever leveraged BONK product, positioning it in the same league as speculative ETFs that track XRP, Solana, Litecoin, Cardano, Chainlink, and Polkadot.
While the approval isn’t guaranteed, the filing itself was enough to spark a wave of hype, pushing BONK’s trading volume up over 326% in a matter of hours.
Speculators and traders flooded in, anticipating both the exposure and credibility such a product could bring to the token.
Solana Ecosystem Keeps Growing
The broader Solana ecosystem continues to strengthen, and BONK meme coin is one of its most visible beneficiaries. With over 350 DeFi integrations, Bonk Coin is now gaining utility, far more than a meme.
The latest update from the meme coin team on July 1 underscores this shift. The Saga mobile phone BONK redemption program is officially coming to a close on July 31, and any unclaimed tokens, approximately 2.5 billion BONK, will be returned to the DAO treasury for future incentives. That reduces future sell pressure and could help tighten BONK’s tokenomics.
As of now, 17,599 out of 20,000 BONK redemption claims have been made, indicating that the community has been active and engaged, which is another bullish signal for long-term support.
Bonk Coin Price Breakout Confirmed
The technical picture adds further weight to the bullish case. BONK recently broke out of a descending wedge, as seen in a TradingView chart shared by popular analyst World of Charts. The breakout was followed by a successful retest, confirming the move.
BONK Coin has officially broken past the key resistance around $0.00001449, and it’s now flirting with the next big level at $0.00001720. If it closes above that mark in the next day or two, we could see it push toward $0.00001980, or even extend up to $0.00002150, as long as buyers maintain the pressure.
On the momentum side, the 7-day RSI stands at 63.33, indicating that the rally still has room to run. While it’s strong, it’s not yet overheated. To top it off, the MACD histogram just flipped green for the first time in two weeks, signaling that upward momentum is building again.
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