Solana-Based BONK Token Advances 6.5%, Expanding Market Share

BONK Rises 6.5% After 18% Intraday Swing, Supported by Solana Upgrades and Launchpad Leadership

On July 24, BONK, the meme token native to the Solana blockchain, rallied 6.5%, climbing from $0.0000335 to close near $0.0000357 during the 24-hour period ending at 14:00 UTC.

After dipping to a low of $0.0000311, BONK experienced an 18% trading range before recovering to its daily high. This rebound was fueled by renewed institutional interest and growing activity within the BONK ecosystem.

A recent proposal to increase Solana’s block size by 66% has added momentum to the token’s bullish outlook. As Solana scales its network capacity to support higher throughput and lower latency, BONK — built directly on Solana — stands to benefit significantly.

This upgrade reinforces confidence in Solana’s ability to sustain high-volume applications such as BONK’s LetsBonk platform, which currently dominates 64% of the meme token launchpad market.

Trading volume exceeded 2.1 trillion tokens during key recovery phases, with accumulation concentrated near the $0.000032 support level. BONK tested resistance around $0.000037 before profit-taking led to consolidation near $0.0000363.

Amid a broader rotation in the crypto market, BONK’s performance has drawn attention from both institutional and retail investors seeking exposure to alternative assets. Its continued momentum and expanding utility suggest resilience amid ongoing market uncertainties.

Technical Highlights

• Intraday price range of 18% between $0.0000311 and $0.0000363
• Support confirmed near $0.000032; resistance tested near $0.000037
• Volume surpassed 2.1 trillion tokens during recovery and breakout attempts
• Institutional accumulation visible during price dips
• Late-session volume spike of 39 billion tokens recorded between 13:58 and 14:01 UTC
• Trading tightened to a 3% range ($0.000035–$0.000036) in the final hour