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BONK Surges 22% as ETF Filing Drives Meme Coin Rally
The Solana-based meme coin BONK emerged as the day's top performer, climbing 22% in the past 24 hours as cryptocurrency markets experienced a broader recovery. The rally stems primarily from renewed investor interest surrounding the potential launch of a leveraged exchange-traded fund tied to the digital asset.
What to Know:
Tuttle Capital filed a post-effective amendment with the SEC for a 2x Long BONK ETF that could launch as early as July 16
BONK's spot net inflow surged over 100% to $1.68 million, indicating growing investor demand
The meme coin broke above its 20-day exponential moving average, signaling short-term bullish momentum