Still don't know the reason for BONK's surge? Let me tell you the answer in one minute!

1. Someone has their back!

Recently, a big institution (like Grayscale) has added BONK to its "watchlist", which means: "I am considering whether to invest in it."

Upon hearing this, the market exploded:

"The institutional daddy is coming in!"

Everyone hurriedly bought in, anticipating that once an ETF is really issued or major funds buy in, it would take off.

2. The contract market is a chaotic mess!

So many people are buying BONK in the contract market, to what extent?

👉 Contract funding has reached an all-time high!

What does this indicate?

"Everyone is betting that it will rise!"

Plenty of money + many people + high emotions, and the coin price naturally surges upwards.

3. The community is vigorously burning coins!

The BONK community has burned a large number of tokens through voting.

What is this like? It's like a supermarket taking half of its products off the shelves; with fewer items, they become more valuable!

Burning coins = reducing the coins in the market → less selling pressure → the coin price is easier to rise!

4. Solana has also been doing well lately, and BONK is riding the wave.

BONK is the "Dogecoin" on the Solana chain,

With the Solana ecosystem being active recently, Meme coins like BONK are also taking off.

Like a fish, taking advantage of the big waves, jumping higher than anyone else!

5. The technical pattern is also beautiful.

BONK had been consolidating for a while,

When it broke through the resistance level, it was like a spring that had been compressed for a long time suddenly popping up, rising particularly sharply!

In summary:

This surge in BONK is because someone shouted "the institutions are coming,"

Then the entire market began to stir,

Combined with community coin burning, a thriving Solana ecosystem, and expectations of liquidations in the contract market…

After a series of operations, it just "surged" skyward!