BONK, the Solana-based meme token, superior 4% within the final 24 hours, reaching $0.0000218 earlier than settling round $0.0000213.
The strongest push got here at 19:00 UTC on Wednesday, when BONK jumped 1.9% from $0.0000211 to $0.0000215, propelled by a 574.8 billion-token quantity spike. Sellers capped momentum at $0.0000215, but help constantly re-emerged close to $0.0000212, reinforcing the token’s resilience.
BONK traded inside an 8% intraday vary, reflecting persistent volatility, in line with CoinDesk Analysis’s technical evaluation information mannequin.
Institutional confidence in Solana continues to develop. Galaxy Digital, Multicoin Capital, and Bounce Crypto are spearheading a $1 billion Solana funding fund, supported by Cantor Fitzgerald’s infrastructure. The initiative exceeds present Solana allocations by 150%, and will channel vital liquidity into Solana-native tasks, with BONK among the many ecosystem’s most actively traded tokens.
Individually, beverage firm Security Shot not too long ago accomplished a $25 million BONK allocation to finance nearly all of a $30 million increase. Whereas the announcement got here earlier this week, it stays a milestone for meme coin adoption in company treasury administration. Collectively, these developments exhibit how BONK is transferring past its origins into institutional conversations about liquidity and diversification.
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