BONK Blasts Higher: Solana Memecoin Surges 113% in a Month as Bulls Target New Highs
BONK, the beloved dog-themed memecoin on the Solana blockchain, is turning heads again after posting a staggering 113% rally over the past month
The token has surged by 15% in the last 24 hours alone, leading the memecoin pack and outperforming most of the top 100 cryptocurrencies.
This recent breakout follows a steady climb from its late June low of $0.000012 to a new swing high near $0.000034.
BONK has now flipped a critical resistance level at $0.000023 into support — a move that has bulls eyeing the next major target at $0.000054, its November 2024 peak.
Rising Open Interest Signals Strong Momentum
Open interest in BONK futures has surged 25% to over $62.86 million, while derivatives volume has spiked to $776 million, signaling increased bullish conviction from traders.
Volume has climbed 32%, reinforcing momentum as Ethereum crosses $3,100 and SOL pushes past $160 — setting the stage for a broader altcoin rally.
Community-Powered Growth
Despite heavy competition from other trending memecoins like PUMP, BONK continues to benefit from strong community support.
Over 1 trillion tokens are now held on-chain by Solana users, and utility platforms like letsBONK.fun have driven real traction. The platform has collected over $13.2 million in fees in just the first half of July — a massive jump from $2.21 million in June.
As altcoin sentiment improves, BONK’s mix of community enthusiasm, on-chain activity, and market momentum could see it emerge as one of the biggest memecoin winners of Q3 2025.
