What You Should Know

• BONK surged 8.7% with trading volume increasing by 67% due to speculation surrounding a potential 2x leveraged ETF.
• The BONKbot is leading in Telegram bot revenue, generating $4.35 million in monthly fees.
• A $200,000 hackathon prize and support from the Solana ETF are driving enthusiasm for BONK’s ecosystem expansion.

BONK has regained attention, rising 8.7% in just 24 hours, reaching a peak of $0.0000235 before stabilizing at $0.00002215. The trading showed 2.27 trillion tokens, representing a 67% increase in volume, indicating greater interest from both institutional and retail investors. Speculation continues regarding a 2x leveraged BONK ETF from Tuttle Capital, alongside optimism for Solana’s newly launched ETF assisting in capital inflow into the ecosystem. However, the foundation of BONK’s growth rests not solely on market buzz, but on its rapidly strengthening fundamentals.

The decisive factor in this upswing is BONKbot, which has achieved the status of the largest Telegram trading bot, generating $4.35 million monthly in fees, surpassing its competitors and providing a solid revenue source for the community.

Additionally, the recent emergence of a $200,000 hackathon prize winner has spurred innovation within the ecosystem. From a technical standpoint, BONK has exited a month-long downtrend channel, with buyers solidifying at the $0.0000218 level, briefly establishing new support at $0.0000230 before a slight retraction. With ongoing narratives around supply side shifts (like an anticipated 1 trillion token burn) and growing use cases, BONK is positioned for future growth.