Bonk Surges 22% on Institutional Backing and Ecosystem Growth

Published: 2025-07-16 17:24:39 |

Solana-based memecoin Bonk (BONK) surged 22.1% in 24 hours to $0.00003508, reversing earlier declines and marking an 81.1% weekly gain. The token has jumped over 113% this month, breaking key resistance at $0.000023 and approaching last November’s peak of $0.000054. Derivatives open interest rose 25% to $62.9 million, while trading volume climbed 32% to $776 million, highlighting renewed bullish bets. On-chain holders near 1 trillion BONK tokens and fees on letsBONK.fun spiked from $2.2 million in June to $13.2 million in early July. Bonk’s ecosystem continues to expand: its Bonkbot Telegram tool has generated $194.6 million in fees, and integrations with launchpads like LetsBonk and Bonkfun span DeFi, NFTs and GameFi, yielding $54.8 million in annualized fees across 400+ dApps. Governance via Bonk DAO enabled a recent $3.4 million token burn. Institutional interest ramps up after Grayscale added BONK to its watchlist and DeFi Development Corp. partnered on a Solana validator node. Technically, BONK/USDT shows a parabolic 4-hour advance from a $0.00001450–$0.00001800 base on rising volume; key Fibonacci supports lie at $0.00002929, $0.00002590 and $0.00002041. A sustained break above $0.00003600 could fuel further gains, while failure risks a retest of $0.00003100. Traders should monitor volume, RSI and MACD for confirmation.

Bullish

The news is bullish for BONK in both the short and long term. In the short term, the 22.1% price surge, rising derivatives open interest and trading volume indicate strong buying momentum. Technical setups, including the parabolic 4-hour advance and key Fibonacci support levels, point to potential further upside if BONK/USDT sustains above $0.00003600. On-chain metrics—such as near 1 trillion BONK holders and soaring platform fees—signal robust network activity and trader engagement. Over the long term, growing ecosystem integrations across DeFi, NFTs and GameFi, combined with active governance via Bonk DAO and recent token burns, strengthen value fundamentals. Furthermore, institutional recognition—evidenced by Grayscale’s watchlist inclusion and a Solana validator partnership—could attract more capital and improve market stability. Traders should still watch volume, RSI and MACD for confirmation, but overall the outlook remains positive.