BONK Token Surges 22% as Trading Volume Hits $1.5B and Market Cap Tops $1.7B

BONKUSDT has experienced a strong price increase of 22.43% over the past 24 hours, with the current price at 0.00002194 USDT according to Binance data. The surge is attributed to a combination of factors, including breaking through key resistance levels, renewed bullish sentiment, and heightened trading activity following positive technical signals and community-driven interest. Reports of a 41.67% recovery earlier in the week, strong momentum above the 20-period EMA, and speculation around potential ETF exposure and token burn events have contributed to increased buying pressure. BONK’s 24-hour trading volume has risen sharply, reaching approximately $1.4 billion to $1.5 billion, reflecting significant market participation and volatility. The asset’s market capitalization now stands at about $1.72 billion, with over 77 trillion tokens in circulation, and the price has reached a 24-hour high of 0.00002323 and a low of 0.00001753.