๐Ÿ“ˆ BONKโ€™s Next Move? Accumulation Speaks Louder Than Hype


$BONK ๐Ÿถ is up +38% in the past 7 days โ€” and the bulls aren't done yet.


๐ŸŸข $33.22M worth of BONK has been snapped up, mostly by spot buyers ($31.44M), moving tokens into private wallets. Thatโ€™s a strong long-term signal ๐Ÿ“ฆ. Historically, such accumulation precedes major rallies.


๐Ÿง  Even โ€œSmart Moneyโ€ joined the party with $1.78M in inflows โ€” the largest among all Solana memecoins last week, per Nansen. These wallets donโ€™t play around.


๐Ÿ’ฅ Derivatives confirm the mood โ€” Funding Rate stays positive (0.0114%), with long positions dominating. Traders are literally paying to stay bullish ๐Ÿ’ธ.


๐Ÿ“Š AMBCrypto reports BONK broke out of a bullish setup, targeting $0.00003900. But eyes on resistance at $0.00003461 and $0.00003680.


โš ๏ธ One red flag? The market is still in distribution mode. In the last 24h alone, 31.88T BONK was offloaded โ€” so itโ€™s a battle between diamond hands and short-term flippers.


๐Ÿ“Œ If distribution slows, BONK could break out hard. But if sell pressure returns, it might stall the run.