BONK Token Volatility Surges as Tuttle Capital Files for 2x Leveraged ETF and Trading Volumes Spike

BONKUSDT has experienced notable volatility over the past 24 hours, with its price currently at $0.00002195 on Binance, reflecting a 3.35% decline from the 24-hour open of $0.00002271. The recent price movement is primarily attributed to heightened market activity following news of Tuttle Capital Management's filing for a 2x leveraged BONK ETF, increased participation in the Bonk ecosystem, and a surge in trading volumes across major exchanges. Despite the recent pullback, BONK remains in focus due to its robust market capitalization near $1.7 billion, strong community engagement, and ongoing ecosystem developments, though technical indicators suggest the market may be entering overbought territory.