Bonk Jumps 171% After Breakout, Market Cap Hits $3.07B as Volume Nearly Doubles
Bonk has seen a strong rally, climbing 21.5% in the past 24 hours to trade at $0.00003801. The surge follows a major breakout, pushing the token’s overall gain to 171.36% since it exited a descending price channel.
After weeks of sluggish movement, Bonk broke through a downtrend that had shaped its market behaviour throughout May and June. That breakout marked a turning point, fueling an aggressive upward run that has driven both price and trading activity to new heights.
The token’s market capitalisation now stands at $3.07 billion, up 21.56% in the past day. Trading volume has also surged, jumping nearly 99% to $2.6 billion in the same time frame. The fully diluted valuation has grown to $3.37 billion, reflecting increased interest from traders and investors alike.
On the 8-hour chart, Bonk clearly shifted from a downward trend into a strong rally. After testing support throughout early summer, the price broke above the upper limit of the channel in early July and hasn’t looked back since. The token now trades close to recent highs, with no immediate signs of a pullback.
Liquidity has kept up with the pace of the rally, with volume inflows picking up significantly. A volume-to-market-cap ratio of 84.56% points to healthy trading conditions and strong momentum. This suggests that the price moves are supported by real demand rather than speculation alone. Rising volume and growing optimism in the market are fueling the current rally, and traders are keeping a close eye on what comes next.
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