BONK experienced a 15% surge, fueled by increased trading activity and growing on-chain engagement.
With open interest up by 9% and higher derivatives volume, market participants show heightened confidence in the potential for this Solana-based meme token to rise further. CoinDesk Research’s technical analysis data indicates this shift.
BONK-USD July 15 2025 (CoinDesk)
Key Points:
- Institutional interest boosts BONK’s price after a significant spike in derivatives volume.
- A community-led initiative to burn 1 trillion tokens introduces deflationary pressure.
- The number of BONK holders is approaching 1 million, suggesting sustained ecosystem growth.
Much of this excitement arises from BONK’s changing fundamentals. The project has recently announced plans to burn 1 trillion tokens, significantly reducing supply and bolstering the case for long-term appreciation.
The push toward reaching 1 million holders is significant not just for adoption but also because it will activate the planned token burn.
The movement began on July 14 at 13:00 UTC, with BONK steadily climbing from $0.000027 to peak at $0.000031 by 07:00 on July 15—a period during which over 3.5 trillion tokens were traded.
Inclusion of BONK on Grayscale’s asset watchlist signals a perception shift, marking meme tokens as legitimate market instruments rather than mere speculative ventures. Considering its deflationary structure, increasing liquidity, and growing institutional interest, BONK seems poised for further growth in the near future.
