$BONK is on a rampage, rising 4% in 24 hours on May 26 as it eyes an explosive breakout above $0.000021. The Solana memecoin has skyrocketed 15% this month, crushing rivals like WIF and Popcat.
After briefly touching $0.00002174 earlier today, $BONK’s pullback to $0.00002051 hasn’t shaken traders’ bullish conviction, with its 30-day rally reinforcing its Solana memecoin crown.
With a market capitalization of $1.63 billion, many $BONK holders view the current price movement as groundwork for another potential breakout.
According to Stalkchain, a blockchain analytics platform tracking whale and insider activity, $BONK was the most purchased token by smart money in the past week.
One clear example occurred on May 22, when a wallet linked to Squads Protocol initiated a $936,000 dollar-cost averaging (DCA) campaign into $BONK.
At press time, the wallet has completed its accumulation phase and now holds 85.98 billion $BONK, currently valued at $1.81 million.
This trend bucks the broader sentiment in the Solana memecoin sector, which has largely seen capital outflows.
Between May 19 and May 25, selling pressure across the memecoin space has generally outweighed buying, suggesting that most smart money investors have been offloading their holdings rather than accumulating.
On May 25 alone, top memecoins recorded over $3 million in net outflows. However, $BONK defied this trend with a positive net flow of $281,000 on the same day.#MarketRebound