BONK Breaks Out with 11% Rally Fueled by Volume Surge and Community Engagement

BONK Surges 11%, Surpassing TRUMP to Become Fourth Largest Memecoin on Strong Volume and Community Support

BONK rallied 11% over the past 24 hours ending July 8, fueled by a spike in trading volume exceeding $1 billion. This surge propelled BONK ahead of TRUMP, securing its place as the fourth largest memecoin by market capitalization.

After dipping to a low of $0.000021124, BONK bounced back, closing near $0.000022868. The token consolidated within a narrow band just below its peak, with a notable breakout attempt around 10:25 GMT that was accompanied by a significant volume spike, signaling heightened buyer interest.

The bonk.fun platform continues to play a crucial role in driving community engagement and on-chain buybacks, holding a dominant 54.7% share of the market.

Upcoming meme art campaigns and NFT-related projects have also contributed to positive sentiment, encouraging further growth within the ecosystem.

Institutional interest is rising as well, with speculation about a leveraged BONK ETF from Tuttle Capital. Meanwhile, macroeconomic factors like tariff delays and a dovish Federal Reserve stance are helping sustain investor enthusiasm.

With robust volume backing key support levels and an active, engaged community, BONK is well positioned for continued upward momentum.

Technical Highlights

• BONK traded in an 11.49% range from $0.000021124 to $0.000023862 on July 8.
• Support at $0.000021124 was reinforced by a 2.6 trillion unit volume reversal.
• The token consolidated between $0.000022848 and $0.000023033 before attempting a breakout.
• A volume spike of 41.5 billion units at 10:25 GMT indicated strong buying pressure.
• Average trading volume in the last hour reached 11.2 billion units per minute, maintaining demand.
• BONK surpassed TRUMP in market capitalization, fueled by social media momentum.
• Dominance of bonk.fun and upcoming meme-art initiatives point to a bullish outlook.