Key Highlights:
- BONK increased by 21% in just 24 hours, outperforming other top cryptocurrencies amid speculation regarding ETF launches and a significant token burn.
- A forthcoming BONK ETF from Tuttle Capital and nearing the 1 million holder mark have uplifted investor sentiment.
- Current bullish price movements are supported by technical indicators suggesting possible breakouts beyond existing resistance levels.
Solana’s memecoin, BONK, retraced after a more than 20% increase earlier this week, yet it continues to exhibit bullish behavior as trader activity escalates. Recently, BONK traded at $0.00001673, reflecting a 1.68% gain, with fluctuations between $0.00001606 and $0.00001751, marking a 9.4% intraday variation.
BONK Image
BONK, July 4, 2025 (CoInDesk)
Fueled by speculation on a 2x leveraged BONK ETF, Tuttle Capital Management anticipates launching by July 16, contingent on regulatory approval. Moreover, BONK is closing in on 1 million holders, a threshold that would trigger a 1 trillion token burn, likely tightening supply and boosting prices further, with over 943,000 holders currently reported.
Technical Analysis Insights:
- Resistance and support levels are set at approximately $0.000018 and $0.000013, respectively. A successful breakout above these levels could lead to prices accelerating towards $0.00003372, representing a potential 100% increase if the current trend continues.
- The ongoing expansion phases in the Solana ecosystem, coupled with enhanced validator engagement and infrastructure investments, are indicative of robust foundational developments supporting BONK’s upward trajectory.
Disclaimer: Parts of this article were generated with AI assistance and verified for accuracy.
