Summary

BONK saw a rise of 9.87%, reaching $0.00001494 after hitting a peak of $0.00001524 before a slight pullback. This surge was associated with Tuttle Capital’s recent filing that identified July 16 as the earliest potential launch date for its 2x leveraged BONK ETF, contingent on regulatory approval.

Key Points

• The ETF’s approval is not yet confirmed, but the designated launch is attracting considerable market interest.
• A head-and-shoulders pattern is appearing in technical charts, suggesting possible future price corrections.

Market Context

Investors are watching closely as regulatory processes unfold around the BONK ETF, underscoring an eagerness for meme coin investment through traditional financial vehicles. Furthermore, developers announced that the Saga phone token redemption program will conclude by July 31, with over 17,000 tokens already redeemed.

Technical Insights

• BONK reflects a strong volatility profile, suggesting active trading ahead.
• Current support dynamics indicate increased buying interest around the $0.0000142 mark.

Disclaimer: Parts of this content were generated with AI assistance and verified for accuracy.