BONK Rallies 4% as Investors Show Renewed Confidence in Solana

BONK Jumps 4% as Institutional Investment Spurs Solana Ecosystem Momentum

BONK, the meme token native to the Solana blockchain, climbed 4% over the past 24 hours, reaching $0.0000218 before settling around $0.0000213, fueled by rising institutional activity and growing ecosystem adoption.

The token saw its most pronounced move at 19:00 UTC on Wednesday, jumping 1.9% from $0.0000211 to $0.0000215 on a 574.8 billion-token volume surge. While gains were capped at $0.0000215, support repeatedly held near $0.0000212, highlighting BONK’s resilience in a volatile trading session. The intraday range spanned roughly 8%, reflecting persistent market engagement.

Institutional confidence in Solana continues to expand. Galaxy Digital, Multicoin Capital, and Jump Crypto are leading a $1 billion Solana-focused investment fund, supported by Cantor Fitzgerald infrastructure. This fund surpasses existing allocations by 150% and is expected to direct substantial liquidity into Solana-based projects, with BONK among the ecosystem’s most actively traded tokens.

Corporate adoption is also gaining traction. Beverage company Safety Shot allocated $25 million in BONK to finance the majority of a $30 million fundraising round, marking a notable milestone for meme token integration into corporate treasury management.

These developments underscore BONK’s evolution from a niche meme coin to an asset increasingly recognized by institutions, signaling its growing role in liquidity, diversification, and Solana ecosystem growth.