BONK Surges Back as Solana ETF Excitement and Ecosystem Expansion Fuel Rally

BONK Surges Nearly 9% on Rising Volume and Ecosystem Strengthening

BONK gained 8.7% over the last 24 hours, climbing to a high of $0.0000235 before settling around $0.00002215. Trading volume jumped to 2.27 trillion tokens, a 67% increase over its daily average, highlighting growing interest from both retail and institutional investors.

Speculation about a potential 2x leveraged BONK ETF from Tuttle Capital continues to build, while broader excitement surrounding Solana’s recently launched ETF is drawing capital into the ecosystem. However, BONK’s rally isn’t just hype—the token’s ecosystem fundamentals are also rapidly improving.

A key driver behind the momentum is BONKbot, now the largest Telegram-based trading bot by volume. Generating $4.35 million in monthly fees, BONKbot outpaces competitors and provides a meaningful revenue stream for the community.

Adding fuel to the fire, a recent BONK hackathon awarded $200,000 in prizes, spurring innovation and activity within the ecosystem.

Technically, BONK broke out of a month-long downtrend channel. Buyers held strong support at $0.0000218 and briefly pushed the price above $0.0000230 before a modest pullback, according to CoinDesk Research’s technical analysis. With a pending 1 trillion token burn and expanding use cases, BONK appears poised for further upside.

Technical Snapshot:

BONK traded between $0.0000218 and $0.0000235, representing an 8.7% range from July 6, 15:00 UTC to July 7, 14:00 UTC.
Volume surged 67% above average, reaching 2.27 trillion tokens, confirming a strong breakout.
Support held firmly at $0.0000218, with steady buying throughout the session.
Price peaked at 10:00 UTC, briefly establishing support at $0.0000230 before pulling back.
Profit-taking in the final hour saw a 2.7% dip 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 former support at $0.0000225 was breached and now serves as resistance.