BONK Rallies 9% Amid Volatility as Newer Memecoins Gain Traction
September 9, 2025
BONK surged 9% in a highly volatile session, climbing from $0.000022 to $0.000024, even as newer meme tokens began drawing investor attention. According to CoinDesk Research, the token’s intraday range of $0.000002 reflected strong momentum concentrated during the early morning hours.
Trading volumes were elevated, with over 1.2 trillion BONK tokens changing hands during key rebounds around 06:00–07:00 UTC. The rally faced resistance at $0.000024, establishing a near-term ceiling, while support solidified near $0.000023. Late-session activity suggested bullish momentum was tapering.
Between 11:53 and 12:52 UTC, BONK retraced 1.14%, falling from $0.000023459 to $0.000023190, as a concentrated sell-off pushed volume above 35 billion tokens, partially offsetting the morning gains. The token then stabilized just above its support zone.
The performance comes amid evolving dynamics in the memecoin space. While BONK and Dogecoin (DOGE $0.2455) continue to see heavy trading, newer projects like LayerBrett and Little Pepe are gaining traction with staking incentives and layer-2 integrations. Traders are increasingly rotating toward tokens with functional utility, while engagement with legacy memecoins has softened.
Technical Summary:
- 24-hour rally: $0.000022 → $0.000024 (+9%)
- Support: $0.000023
- Resistance: $0.000024
- Peak trading volume: 1.2 trillion tokens
- Late-session retracement: 1.14%
- Sell-off spike volume: 35 billion tokens
- Intraday lows: $0.000023180, indicating possible trend shift
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