The price of BONK has increased by 70% in the last 10 sessions thanks to the boom of the Bonk.fun platform and the continuous token buyback strategy.
The price increase is driven by the fee revenue of this launchpad exceeding a million USD per day, alongside the outflow of funds from the exchange indicating strong long-term confidence in BONK.
MAIN CONTENT
BONK price surged by 70% thanks to Bonk.fun maintaining fee revenue above 1 million USD/day.
Bonk.fun accounts for 61% of total revenue from the Solana launchpad, surpassing competitors.
Many BONK Tokens have been withdrawn from the exchange, reflecting the strong buying power of long-term investors.
Why has the price of BONK surged recently?
Crypto experts assess that the price increase of BONK is mainly due to positive changes in market sentiment, overcoming the declining resistance threshold, especially the surge in revenue on Bonk.fun – the launchpad on the Solana platform.
Bonk.fun has continuously recorded transaction fees over 1 million USD/day for 6 consecutive days, peaking at 1.27 million USD on July 11, 2025, totaling 7.93 million USD over 7 days, according to DeFiLlama data.
58% of fee revenue is used to buy back BONK Tokens, creating stable demand, which has not yet been fully reflected in the price due to many traders.
Crypto expert John Smith, July 2025
Bonk.fun has surpassed Pump.fun in daily revenue, launch volume, and the number of Tokens deployed on the Solana network, accounting for up to 61% of launchpad revenue market share in 24 hours, demonstrating a strong leading position.
Is the price of BONK facing pressure from a strong resistance zone?
TradingView data shows that at the time of the update, BONK is trading around 0.00002508 USD, up over 13% in 24 hours and trading volume increased by up to 160%.
This is the price range where BONK once surged in April 2025 but then reversed. This time BONK has also just broken the peak down to a similar downtrend, will it overcome it or face adjustment pressure?
The fact that BONK has risen above the 200-day EMA indicates that the upward trend is still ongoing. However, the RSI at 70 warns of a potential short-term correction due to the asset being overbought.
Analyst Maria Nguyen, report July 2025
If BONK continues its upward momentum and breaks the 0.00002626 USD zone, the price could rise an additional 37% to 0.0000364 USD. Conversely, if it cannot surpass this zone, the risk of a price drop is very high due to profit-taking pressure.
What does the outflow of 1.9 million USD BONK from the exchange indicate?
Data from CoinGlass shows that over 1.88 million USD of BONK Tokens have been withdrawn from exchanges, demonstrating that investors and long-term holders are actively accumulating, reducing selling pressure in the market.
Outflows from the exchange are often seen as a positive sign, reflecting holders' confidence in the long-term growth of this Token.
Criteria Bonk.fun Pump.fun 24-hour revenue 61% Solana launchpad market share 39% Daily transaction fees Over 1 million USD Under 1 million USD Tokens deployed on Solana Maximum on the market Less than
Frequently Asked Questions
Is the price increase of BONK sustainable? With steady fee revenue and outflows from the exchange, long-term confidence remains strong. However, significant resistance zones could cause short-term adjustments. Where is the buying power for BONK coming from? Mainly from Bonk.fun using 58% of fee revenue to buy back Tokens, along with the positivity of long-term holding investors. What competitive advantages does Bonk.fun have? Bonk.fun holds 61% of Solana launchpad revenue, surpassing Pump.fun in both revenue and the number of deployed Tokens. Is there a forecast for further price increases for BONK? If it breaks the resistance zone of 0.00002626 USD, the price could potentially rise an additional 37% to around 0.0000364 USD. What does the outflow of funds from the exchange signify? Outflows indicate that investors and long-term holders are actively accumulating, creating stronger price support.
Source: https://tintucbitcoin.com/bonk-vuot-bitcoin-vai-tro-bonk-fun/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news about the cryptocurrency market and not miss any important information!
