#Bonk

Trade bonk now bullish run❤❤❤❤❤$BONK

𝘽𝙊𝙉𝙆 𝙋𝙧𝙞𝙘𝙚 𝙏𝙖𝙧𝙜𝙚𝙩𝙨 𝘼𝙡𝙡 𝙩𝙞𝙢𝙚 𝙃𝙞𝙜𝙝 𝘼𝙨 ‘𝙂𝙤𝙡𝙙𝙚𝙣 𝙋𝙤𝙘𝙠𝙚𝙩’ 𝙕𝙤𝙣𝙚 𝙉𝙚𝙖𝙧𝙨

BONK is back in investors’ crosshairs, jumping 25% in the past 24 hours and printing a 75% gain in the past week. The meme coin reached a daily high of $0.00003936 and is trading just shy of that level at press time, generating serious market buzz, especially as traders eye the so-called “golden pocket” Fib zone and speculate whether this rally has more legs

As per data, BONK is now sitting only 33% below its all-time high of $0.00005916 and its trading volume surged to $2.4 billion, a 60% jump in a single day, pushing BONK’s market cap back over the $3 billion mark.

Coinglass data reveals derivatives volume exploded by 150%, while Open Interest rose 36%, underlining traders’ growing appetite for BONK exposure. Further, short sellers suffered a $3.39 million liquidation bloodbath over the past 24 hours, adding to the bullish pressure.

Grayscale Spotlight and Meme Coin Dominance

What’s adding more fuel to the BONK bonfire is its inclusion in Grayscale’s institutional surveillance list. While not a guarantee of ETF inclusion, it gives BONK a shot of credibility in the eyes of traditional investors.

At the same time, BONK’s LetsBonk.fun, launched earlier this year, is making waves by seizing 52% of the meme coin creation market. This pushes it far past the previous leader, Pump.fun, which now holds a 39% share.

However, as per Jupiter, Pump.fun still leads in trader activity, boasting 401,000 users in the last 24 hours compared to LetsBonk’s 268,000.

In the bullish scenario, BONK could clear the $0.00004190 Fib level and head toward retesting its all-time high of $0.00005916. However, if BONK faces rejection at the 4.236 Fib zone, a healthy pullback toward the 3.618 or 2.618 zones ($0.00003894 and $0.00003414 respectively) could materialize.