BONK Surge, What’s the Reason?
Rising Points: Breaking Through, Going Viral
Recently, the meme coin BONK on Solana has experienced a strong surge, rising over 15% in the past 24 hours, with a weekly increase of 61% and a monthly increase approaching 75%.
Why can it rise so quickly?
Technical Breakthrough + Massive Capital Inflow
BONK has broken through multiple key resistance levels (0.000030, 0.000032).
At the same time, holding demand has strengthened, and the buying pressure has intensified, making the bullish trend more stable.
Derivatives Market Heats Up
BONK's futures open interest has reached a new high for the year, soaring from tens of millions to over a hundred million.
This indicates that institutions and large investors are placing large bets, with a strong bullish sentiment.
Ecosystem Effects and Institutional Attention
BONK has been included in Grayscale's institutional monitoring list, enhancing its market credibility.
Additionally, the flourishing of active applications within the SOL ecosystem has also brought sustained activity.
Token Burning + Supply-Demand Structure Optimization
The project team has burned a large number of tokens, reducing the circulating supply, leading to expectations of tight supply, which supports the price.
Perspective from Novices on This Surge:
The technical charts have already shown a break above key resistance;
The funding structure indicates a significant tilt towards the bulls;
Improvements in supply and enhanced ecosystem value are jointly accelerating the upward momentum.
Next Target and Risk Reminder:
If it can hold the support at 0.000032~0.000033, the next target range looks at 0.000035-0.000040;
Coincidentally, the overall market is in the “meme coin cycle,” but the RSI has entered the overbought zone, and there is still a risk of short-term pullback.
Summary:
The surge of BONK is a result of multiple factors:
Technical breakthrough;
Massive capital inflow (especially in futures);
Institutional recognition and active ecosystem;
Expectations from reduced supply.
This is a typical “meme coin market,” with strong short-term explosions, but it is also prone to pullbacks after rising.
If you are still interested, proceed with caution; it is recommended to start with a small amount, set stop-loss and take-profit limits, and not to be swayed by emotions.
