BONK Surges 4.95% as Grayscale Watchlist, Token Burns, and LetsBonk Propel Market Momentum

BONKUSDT has experienced a notable price increase in the last 24 hours, with the current price on Binance at $0.00003628, reflecting a 4.95% gain from the 24h open of $0.00003457. The recent price movement is primarily attributed to heightened institutional interest following BONK's addition to Grayscale's Q3 2025 watchlist, significant token burns by the BONK DAO, and expanding ecosystem utility, particularly through the LetsBonk launchpad surpassing competitors in Solana's memecoin market. These developments have driven increased trading activity and derivatives volume, supporting the bullish momentum observed. Market capitalization is estimated between $2.9 billion and $3.21 billion, with robust 24-hour trading volumes reported across exchanges, indicating sustained investor interest and elevated volatility.