๐ Bonk ($BONK ) Rockets 22% โ Institutional Interest Sparks Solana Meme Kingโs Comeback!
Bonk ($BONK) has surged 22.1% in the last 24 hours, now trading at $0.00003508 (CoinGecko). The Solana meme token has gained a massive 81.1% in just seven days, signaling a strong bullish reversal after a quiet start to July.
๐ฅ From Meme to Major Player
Once a fun Solana meme token, $BONK has transformed into a community-driven powerhouse with:
โ Clear tokenomics & institutional interest
โ Utility beyond memes โ including Bonkbot, a Telegram trading tool that has generated $194.6M in fees
โ Massive community airdrops โ 50T tokens allocated to real Solana users, prioritizing fairness
๐ Ecosystem & DeFi Power
Bonkbot alone has raked in $54.8M in annualized fees (DefiLlama)
Integrated with 400+ decentralized apps
Second-most used token on Solana after $SOL
Bonk DAO now governs burns & funding โ recently voting to burn $3.4M worth of BONK (100B tokens permanently removed)
๐ Launchpad Dominance
@SolanaNews reports:
@BONK_FUN now controls 61.56% of Solana launchpad revenue, far ahead of Pumpfunโs 19%.
๐ผ Institutional Recognition
The rally follows Grayscale adding $BONK to its watchlist, signaling growing legitimacy and a potential wave of institutional adoption.
๐ Whatโs Next?
With a burn-and-adoption cycle in full swing, BONKโs narrative is shifting from โmeme coinโ to key Solana ecosystem player โ and this might just be the beginning.
#BONK #Solana #MemeCoin #CryptoNews
