Bonk Surges 7.65% in 24 Hours Driven by Strong Community Support

Bonk ($BONK) has been experiencing significant bullish momentum, with a 7.65% increase in the last 24 hours, currently trading at $0.00002873. This surge highlights the growing traction and interest in the memecoin within the Solana ecosystem.

Beyond its meme coin status, $BONK has evolved into a high-utility asset with a market cap of approximately $2.37 billion and a circulating supply of 80.87 trillion tokens. The token has a total value locked (TVL) of $18.22 million and boasts 956,523 on-chain holders, indicating strong on-chain activity and liquidity. Analysts forecast a steady rally toward $0.000060, a potential 2.5x increase from current levels, driven by sustained growth indicators.

$BONK was launched in 2022 with a grassroots approach, airdropping 50% of its 100-trillion token supply to active Solana users, NFT holders, developers, and artists. This strategy helped build strong community trust and broad-based adoption. The token's broad integration across the Solana network, with over 350 on-chain integrations, further solidifies its position as a leading memecoin.

In May 2025, $BONK announced a high-profile partnership with DeFi Development Corp to launch a validator node on Solana. This collaboration enhances Solana’s decentralization and indicates increasing institutional involvement. Additionally, Grayscale added $BONK to its Q3 “Assets Under Consideration” list, triggering a 12% price rally and marking the meme coin’s entry into broader financial discussions. The on-chain volume at that time reached 2.6 trillion tokens, indicating high transaction activity and growing liquidity.

LetsBonk, a Solana memecoin launchpad, has seen a strong surge in 24-hour revenue, reaching $1.04 million in early July, nearly double that of Pump.fun. This surge in revenue indicates growing utility and engagement within the Bonk ecosystem. $BONK’s price has rallied sharply since LetsBonk’s launch on April 25, further supporting this trend.

Technical analysis shows that $BONK/$USDT is currently trading near $0.00002864, following a steady climb over recent sessions. The 4-hour timeframe reveals a clear rising wedge pattern, with each rally met by a brief pullback, creating higher highs and higher lows. Immediate resistance lies between $0.00002900 and $0.00003000. A confirmed breakout above this level with strong follow-through could extend gains to $0.00003100 or beyond. On the downside, a break below the wedge’s lower boundary, around $0.00002600, could trigger a deeper pullback, with the first support sitting near $0.00002500.

The 1-hour footprint chart shows large buying deltas, such as +2.59M on a candle with total buys at 15.82M against 13.23M sells, which propelled the $BONK price higher. However, there were also signs of sell-side resistance, with a delta registering a value of (–3.48M) around 07:00 UTC, despite 13.9M in buys. Despite this pushback, the price held above $0.00002750, suggesting underlying demand and buyers supporting the price level. The increase in volume aligns with these rallies, indicating that market participants are willing to accumulate on dips.

$BONK/$USDT remains in a clear upward structure. If $BONK/$USDT decisively breaks above the resistance zone between $0.00002900 and $0.00003000 with strong volume, it could pave the way for a rally to $0.00003100 and higher. Meanwhile, if the price fails to hold above $0.00002600, attention would shift to the $0.00002500 support area. A further decline below this level could suggest a deeper correction.