Bonk Meme Coin Surges 70% on Launchpad Revenue Growth

Bonk (BONK), a Solana-based meme coin, has seen a remarkable 70% price surge over the past 10 trading sessions, outperforming major cryptocurrencies such as Bitcoin and Dogecoin. The token is currently trading at $0.00002719, reflecting a 6.27% increase in the last 24 hours. This price movement has been driven by significant growth in the Bonk.fun launchpad platform, which has generated substantial revenue and contributed to the token's price rally.

The Bonk.fun launchpad platform has been a key driver of BONK's recent price surge. Over seven days, the platform generated $7.93 million in total fees, with a peak of $1.27 million in daily fees on July 11. Notably, 58% of these fees are used to buy back BONK tokens, creating consistent demand pressure that has not been fully factored into many traders' analyses. This buyback mechanism has helped establish Bonk.fun as the primary launchpad on the Solana ecosystem, outpacing competitors like Pump.fun in multiple metrics, including total 24-hour launchpad revenue, daily revenue, launch volumes, and Solana token deployments.

Technical analysis indicates that BONK's price surge has brought the token to a critical resistance level at $0.00002626, which previously marked a reversal point in April 2025. The current price action shows similar characteristics to the April breakout, with BONK trading above its 200-day Exponential Moving Average, suggesting an uptrend. However, the Relative Strength Index (RSI) is at 70, indicating overbought conditions and potential short-term correction if buying pressure weakens. Analysts have noted that BONK has gained over 100% since breaking its midterm downtrend line, achieving its first technical target. If momentum continues and BONK clears the $0.00002626 resistance, analysts project a potential 37% move to $0.0000364. Failure at this level could repeat the April reversal pattern.

Despite the overbought conditions, exchange data reveals significant accumulation patterns. $1.88 million worth of BONK has left exchanges recently, indicating that investors are moving tokens to private wallets for longer-term holding. This movement suggests continued buying pressure from conviction holders. CoinGecko data shows that BONK gained 40.4% over the past week, with trading volume increasing by 65.1% during the same period, confirming growing market interest. The token has established itself as one of the top-performing Solana-based assets, with current price action showing a confirmed double-bottom reversal pattern with strong volume support.