Solana Ecosystem Rally Drives 6% Surge in BONK Price

BONK Rallies 6% as Institutional Demand Rises, Solana NFTs Hit Q3 Highs

Solana-based meme token BONK surged 6% on July 28, bouncing back from earlier lows amid signs of institutional accumulation and a notable uptick in Solana NFT market activity.

The token traded within a wide 12% intraday range, fluctuating between $0.00003276 and $0.00003670. The sharpest price action occurred between 12:00 and 13:00 UTC, when BONK climbed to its session high on trading volumes exceeding 3.8 trillion tokens, according to CoinDesk’s technical data model.

A particularly strong burst of buying emerged from 13:32 to 13:35 UTC, when trading volume spiked to 115 billion tokens per minute—an interval analysts interpret as a signal of institutional interest stepping in during price dips.

The upward move coincided with renewed strength in Solana’s broader ecosystem. On the same day, NFT activity on Solana reached a quarterly high, with total daily sales and unique buyers hitting their highest levels since mid-June, according to data from SolanaFloor. This surge in on-chain engagement likely bolstered sentiment for BONK, which has positioned itself as one of the more prominent tokens within the Solana network.

Key Technical Takeaways:

BONK traded in a 12% range, between $0.00003276 and $0.00003670.
Midday rally (12:00–13:00 UTC) drove volumes above 3.8 trillion tokens.
Price recovered 1% in the final hour, closing at $0.00003629.
Support at $0.000033 held firm amid visible institutional bids.
Peak minute-by-minute volume reached 115B tokens from 13:32–13:35 UTC.
Solana NFT market hit a Q3 high in volume and unique buyers, per SolanaFloor.

The convergence of ecosystem momentum and high-volume buying suggests growing confidence in BONK’s near-term outlook, particularly as institutional players begin engaging with high-volatility opportunities in the Solana token space.