$BONK 💥BONK rose 81.1% in two weeks, driven by a possible launch of a leveraged 2x ETF and growing investor interest.

The price of the memecoin is now at 61.8% of its all-time high, fueling speculation of a possible revision of its ATH.

The increase in trading volume, the rise in holders, and a break from a long-term bearish trend suggest that BONK may continue. BONK rose 81.1% in two weeks, driven by a possible launch of a leveraged 2x ETF and growing investor interest.

The price of the memecoin is now at 61.8% of its all-time high, fueling speculation of a possible revision of its ATH.

The increase in trading volume, the rise in holders, and a break from a long-term bearish trend suggest that BONK may continue. Why is BONK Coin rising?

Data from BeInCrypto showed that BONK started its rally after reaching a 2-month low on June 22. Despite brief drops, the upward trend gained momentum at the beginning of this month, and the Solana-based token experienced consecutive increases, raising its value by 52.4% in the last week.

Additionally, BONK's performance outpaced that of the crypto market as a whole during the same period. The recent request from Tuttle Capital Management to launch a leveraged 2x BONK ETF was a major catalyst behind this increase.