BONK Rallies 11%, Powered by Active Community and Volume Spike

BONK Climbs 11%, Surpassing TRUMP to Become Fourth Largest Memecoin Amid Growing Community and Volume

BONK surged 11% over the past 24 hours ending July 8, with trading volume soaring above $1 billion, signaling renewed momentum for the meme token.

After hitting a low of $0.000021124, BONK rebounded strongly, closing near $0.000022868. The price consolidated within a narrow range around $0.0000228, just below the day’s high.

The breakout attempt around 10:25 GMT coincided with a significant volume spike, indicating increasing buying interest. This was supported by strong social media buzz as BONK overtook TRUMP to become the fourth largest memecoin by market cap.

The community platform bonk.fun, which now accounts for 54.7% market share, has been a key driver behind the surge, contributing to both user engagement and on-chain buybacks.

Additionally, upcoming art-based campaigns and NFT projects in the BONK ecosystem are fueling optimism for sustained growth.

Speculation about a potential 2x leveraged BONK ETF from Tuttle Capital, along with favorable macro factors such as tariff delays and a dovish Fed stance, are also boosting investor confidence.

With solid volume confirming key support levels and a vibrant community fueling momentum, BONK looks poised for further gains in the near term.

Key Technical Points:

BONK traded within an 11.49% range from $0.000021124 to $0.000023862 on July 8.
A volume reversal of 2.60 trillion units helped reinforce support at $0.000021124.
Consolidation formed between $0.000022848 and $0.000023033 before a breakout attempt.
A 41.5 billion volume surge at 10:25 GMT marked renewed buying pressure.
Average volume in the final hour reached 11.2 billion units per minute, sustaining demand.
BONK surpassed TRUMP in market cap, fueled by strong social engagement.
Dominance of bonk.fun and upcoming meme-art initiatives underpin positive outlook.