BONK Powers Up Again on Solana ETF Anticipation and Ecosystem Growth

BONK Surges Nearly 9% as Volume and Ecosystem Activity Accelerate

Over the past 24 hours, BONK climbed 8.7%, reaching a high of $0.0000235 before settling around $0.00002215. Trading volume soared to 2.27 trillion tokens—a 67% increase from the daily average—highlighting strong interest from both retail and institutional investors.

Speculation around a potential 2x leveraged BONK ETF from Tuttle Capital continues to energize the market, alongside growing enthusiasm for Solana’s new ETF. However, BONK’s rally is supported by solid ecosystem developments as well.

A key driver is BONKbot, the largest Telegram-based trading bot by volume, which generates $4.35 million in monthly fees. This steady revenue stream outpaces competitors and strengthens community confidence.

Adding to the positive momentum, a recent BONK hackathon awarded $200,000 in prizes, fostering innovation and developer engagement within the ecosystem.

Technically, BONK broke out of a month-long downtrend, holding firm support at $0.0000218 and briefly pushing past $0.0000230 before a mild pullback, according to CoinDesk Research. With a planned burn of 1 trillion tokens and expanding use cases, BONK appears poised for further gains.

Technical Summary:

• BONK traded in an 8.7% range between $0.0000218 and $0.0000235 from July 6, 15:00 UTC to July 7, 14:00 UTC.
• Volume jumped 67% above average to 2.27 trillion tokens, confirming a breakout.
• Support at $0.0000218 remained strong throughout the session.
• The price peaked at 10:00 UTC, briefly establishing support at $0.0000230 before pulling back.
• Profit-taking in the last hour pushed the price down 2.7%, from $0.0000228 to $0.0000222.
• Volume spikes of 42.3 billion at 13:26 UTC and 145 billion at 13:59 UTC triggered a pullback.
• The previous support level of $0.0000225 was broken and now acts as resistance.