BONK Token Surges 22.87% as Exchange Supply Drops and Trading Volume Hits Hundreds of Millions

BONKUSDT has experienced a significant price increase of 22.87% over the past 24 hours, with the current price at $0.00003455 according to Binance data. The recent surge is attributed to renewed market momentum, as indicated by strong bullish trading patterns, increased trading volumes, and positive sentiment following substantial token withdrawals from exchanges—approximately 589 billion BONK in the last 30 days, reducing exchange supply by 2.88%. Technical indicators, such as bullish engulfing patterns and a rounded bottom formation, have contributed to expectations of a potential breakout, while BONK’s status as the leading Solana-based meme coin and its strong community engagement have further supported demand.

Currently, BONK’s 24-hour trading volume is substantial, with major exchanges reporting volumes in the hundreds of millions of USDT and a total market capitalization estimated at around $2.7 billion. The circulating supply stands at approximately 80.89 trillion tokens out of a maximum of 88.87 trillion. BONK has outperformed the broader cryptocurrency market over the past week and month, reflecting strong investor interest and positioning it among the top meme coins by market capitalization.