BONK continued its explosive run, climbing 11% over the 24 hours ending July 8 with buying and selling quantity surpassing $1 billion.
After plunging to $0.000021124, BONK staged a dramatic restoration and closed at $0.000022868. As of the newest studying, the token trades at $0.0000228, barely off highs however firmly inside bullish territory.
A consolidation zone fashioned between $0.000022848 and $0.000023033, with a breakout try at 10:25 GMT accompanied by a quantity spike, underscoring constructing bullish stress.
Momentum can be hovering on the social entrance. Posts on X (previously Twitter) spotlight BONK’s milestone flip of TRUMP, making it the fourth largest memecoin by market cap.
The community-powered bonk.enjoyable platform, now commanding 54.7% market share, is credited for driving each person exercise and on-chain buybacks.
Customers have additionally pointed to BONK’s vibrant meme ecosystem, anticipating that upcoming art-based campaigns and NFT-style initiatives might turn into new development engines.
Institutional and macro narratives are additionally aligned. Tuttle Capital’s rumored 2x leveraged BONK ETF has stirred hypothesis, whereas dovish Fed alerts and international tariff extensions have broadened crypto danger urge for food.
With breakout quantity, confirmed help, and a hyper-engaged group driving consideration throughout meme tradition and DeFi, BONK seems to be well-positioned for continued upside within the close to time period.
Technical Evaluation Highlights
- BONK traded in an 11.49% vary, from $0.000021124 to $0.000023862, in the course of the July 8 session.
- $0.000021124 was confirmed as key help with 2.60 trillion quantity in the course of the reversal.
- Closing-hour worth held between $0.000022848–$0.000023033, forming a bullish consolidation band.
- A 41.5 billion unit spike at 10:25 GMT signaled renewed shopping for stress and potential breakout.
- Quantity averaged 11.2 billion models per minute within the ultimate hour, indicating sustained demand.
- BONK flipped TRUMP to turn into the fourth largest memecoin by market cap, backed by social momentum.
- Bonk.enjoyable platform dominance and anticipated meme-art initiatives help long-term development narrative.
Disclaimer: Components of this text had been generated with the help from AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.
