$BONK 🔎 Recent panorama

Bonk suffered a notable drop today, losing around 8% and trading near $0.0000345, after reaching an intraday high of $0.000038 – all within a very high volume of 2 trillion tokens traded.

In the last week, Bonk has been one of the big winners of the meme market, rising more than 40%, with a monthly increase of around 140%.

🏗️ Factors driving the rally

1. Dominates the Solana ecosystem in meme launches, thanks to LetsBonk which generated around 70% of the daily volume on the network and raised about $1.7M in fees.

2. Bullish technical momentum: broke resistances in mid-July, with an RSI in overbought territory and unusual volume ($2.4 billion on July 17).

3. Institutional interest & token burn: Grayscale included it in its "watchlist" for Q3 2025, along with a burn of 100 billion BONK (~$3.4M), reducing the circulating supply.