Bonk Price Surges 25% as LetsBONK.fun Overtakes Pump.fun in Volume

Bonk, a meme coin, has recently gained significant attention in the cryptocurrency market. The platform LetsBONK.fun, which facilitates the trading of meme coins, has surpassed Pump.fun in terms of volume, marking a notable shift in the market dynamics. This surge in activity has coincided with a 25% increase in the price of BONK within a 24-hour period over the weekend, breaking a persistent downtrend that had been in place since mid-May.

LetsBONK.fun's rise to prominence is evident in its market share, which has reached 54.8%, while Pump.fun's share has decreased to 34.9%. This shift indicates that retail liquidity is increasingly flowing towards LetsBONK.fun, making it the preferred platform for meme coin trading. The platform's success is further highlighted by its higher number of token launches and graduations compared to Pump.fun.

The increasing adoption of LetsBONK.fun has significant implications for the price of BONK. The platform uses half of its fee revenue to buy and burn BONK tokens, adding deflationary pressure to the market. Additionally, fee revenue is used to purchase BONKsol, a liquid staking token that generates yield, which can be used to fund further token buybacks, burns, and other community initiatives. This strategy is aimed at increasing the value of BONK and making it more attractive to investors.

While the $1 price target for BONK remains largely speculative, the growing dominance of LetsBONK.fun and the deflationary pressure it creates lend credibility to this long-term goal. The current technical setup suggests room for near-term upside, with a breakout from a 6-month cup and handle pattern still unfolding. The projected top of this pattern sits 36% higher at $0.00003170, with the 1.618 Fibonacci extension at $0.0000365 seeming like a more natural top, bringing the gains to 57% in line with historic resistance stretching back to late-2024.

However, caution is advised as the RSI has pushed above the overbought threshold at 75, signaling potential buyer exhaustion. If a pullback occurs, the 0.618 Fib level at $0.0000195 offers a likely local bottom to maintain the broader breakout structure. Despite the potential for gains, it is important to note that large meme coins like BONK can take months to build momentum, and explosive breakouts often occur in a short period, leaving holders waiting for most of the time.

In contrast, newer coins like Aura have posted significant gains in a single day, highlighting the potential for quicker returns in the meme coin market. Projects like Snorter ($SNORT) offer purpose-built trading bots designed to spot early momentum, helping investors get in before the crowd and make faster gains. These bots are engineered for sniping with limit orders, MEV-resistant token swaps, copy trading, and even rug-pull protection, providing a more strategic approach to meme coin trading.