Solana Memecoin Breaks Out on ETF Rumors and BONKbot Charge Surge

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BONK is again within the highlight, rallying 8.7% over the past 24 hours and reaching a high of $0.0000235 before settling at $0.00002215. The surge got here with 2.27 trillion tokens traded, a 67% enhance over common quantity, signaling rising institutional and retail curiosity.

Hypothesis continues to mount round a possible 2x leveraged BONK ETF from Tuttle Capital, whereas broader optimism round Solana’s newly launched ETF has helped drive capital into the ecosystem. Nevertheless, BONK’s momentum isn’t simply fueled by market noise – its ecosystem fundamentals are strengthening quickly.

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The standout catalyst is BONKbot, now the biggest Telegram-based buying and selling bot by quantity. BONKbot has generated an impressive $4.35 million in monthly fees, eclipsing competing bots and offering a tangible income stream for the neighborhood.

Complementing this development, BONK just lately noticed a $200,000 hackathon winner emerge, injecting additional exercise and innovation into the ecosystem.

Technically, BONK has damaged out of a month-long downtrend channel, with consumers holding the $0.0000218 degree and briefly establishing new help at $0.0000230 earlier than a modest pullback, in accordance with CoinDesk Analysis’s technical evaluation mannequin. With supply-side narratives (just like the pending 1 trillion token burn) and increasing use circumstances, BONK could also be primed for continued upside.

Technical Evaluation Highlights

  • BONK traded in an 8.7% vary between $0.0000218 and $0.0000235 from July 6 at 15:00 UTC to July 7 at 14:00 UTC.
  • Quantity spiked to 2.27T, marking a 67% surge over the each day common and confirming a high-volume breakout.
  • BONK discovered strong help at $0.0000218, with constant shopping for stress all through the session.
  • A pointy rally peaked at 10:00 UTC, adopted by a breakout to $0.0000230, which briefly acted as help.
  • The token slipped 2.7% within the remaining hour, from $0.0000228 to $0.0000222, amid profit-taking.
  • Quantity surged to 42.3B at 13:26 UTC, adopted by a late-session spike of 145B at 13:59 UTC, triggering a technical pullback.
  • Assist at $0.0000225 broke below stress, now performing as resistance heading into the following session.

Disclaimer: Elements of this text had been generated with the help from AI instruments and reviewed by our editorial group to make sure accuracy and adherence to our standards. For extra info, see CoinDesk’s full AI Policy.





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