🔥 🚀 BONK Explodes ~16% on ETF Buzz — Is This the Next Meme Coin Moonshot?
BONK jumped ~16% in the past 24 hours, leading crypto gainers today.
A filing for a 2× leveraged BONK ETF by Tuttle Capital is generating buzz — it could go live as early as July 16.
Spot inflows more than doubled to $1.68 M, signaling surging investor interest.
🐶 What is Bonk?
Bonk (BONK) is a meme coin launched on the Solana blockchain, inspired by the viral success of dog-themed tokens like Dogecoin and Shiba Inu. It aims to inject fun and community spirit into the Solana ecosystem, often used in airdrops and tipping. Though it began as a joke, it's gained serious traction, especially during Solana’s 2023 resurgence.
🧩 Real Utility in the Solana Ecosystem
BONK is used for micro-tipping content creators and community contributors on Solana-based apps and platforms like Phantom Wallet and Solcial, NFT marketplace payments, and staking in DeFi apps like Orca and Jupiter — giving it real value beyond the meme.
📊 Metrics and Market Signals
Futures traders are leaning bullish, with a positive funding rate (~0.0085%).
Price broke above the 20-day exponential moving average, triggering short-term bullish signals.
Next major resistance: ~$0.000018.
Support: ~$0.000016, with deeper fallback to ~$0.000012 if momentum fades.
🧭 Bottom Line
ETF speculation has ignited fresh interest in BONK, pushing volume and prices higher. While this rally has technical and on-chain support, it's still a high-risk, high-reward play typical of meme coin territory.
👀 Keep an eye on ETF developments and trading volumes to gauge whether this is a fleeting pump or the start of something bigger.#Write2Earn