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BONK Price- BONK Token Surges Amid $8M Bonk.fun Launchpad Boom
BONK Price– Bonk [BONK] has stunned the crypto market with a staggering 70% price jump in just 10 sessions, leaving giants like Bitcoin and Dogecoin in the dust. But what’s driving this Solana-based meme coin’s explosive rise—and can it sustain this momentum?
What’s Behind BONK’s Explosive Growth?
BONK’s price rally is powered by a perfect storm of factors. The recent shift in market sentiment combined with a breakout above a descending trendline sparked initial gains. Yet, the real game-changer is Bonk.fun, the Solana launchpad fueling BONK’s demand.
Over the past week, Bonk.fun recorded six straight days with fees over $1 million, peaking at $1.27 million on July 11th, totaling nearly $8 million in just seven days. An industry expert revealed that 58% of these fees are used to buy back BONK tokens, creating a continuous demand boost that many traders have yet to fully price in.
BONK Faces a Crucial Test at Resistance
At press time, BONK trades near $0.00002508, up 13% in 24 hours with trading volume soaring 160%. This surge has brought BONK face-to-face with a key resistance zone at $0.00002626—a level it previously failed to hold back in April 2025.
Will BONK break through this barrier or see history repeat itself with a sharp reversal? If bullish momentum holds, BONK could skyrocket 37% to $0.0000364. But failure to break resistance might trigger a dip.
Technical Signals Hint at Both Opportunity and Risk
BONK currently trades above its 200-day EMA, signaling an ongoing uptrend. However, the RSI hitting 70 suggests it’s overbought, warning of a possible short-term correction.
Investors Are Still Accumulating Despite Overbought Levels
Even with warning signs, $1.9 million worth of BONK tokens recently left exchanges, indicating that long-term holders remain confident and continue to accumulate.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
