#Bonkpriceprediction $BONK
Here’s the latest update on BONK (BONK) for today (August 5, 2025):
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📌 Key Highlights
1. Significant Price Surge in July
BONK saw a 158% rally in July—its price jumped from approximately $0.00001373 to $0.00003594, boosting its market cap to around $2.85 billion. However, trading volume has cooled off by about 35–37%, indicating possible short-term consolidation pressure .
2. Token Burn Momentum & Institutional Signs
A trillion‑token burn is pending, set to trigger once $BONK reaches 1 million on-chain holders—a major deflationary event triggered soon .
In mid‑July, BONK DAO burned 100 billion tokens (~$3.4 million), tightening the circulating supply .
Grayscale recently added BONK to its Q3 2025 institutional watchlist, boosting credibility among large investors .
3. Technical Action & Ecosystem Growth
BONK broke through key resistance at $0.00002434, triggering algorithmic momentum buying. Next technical target is around $0.00004645 .
Trading volume spiked ~60% to $2.4 billion after the breakout, underlining investor interest .
LetsBonk.fun, BONK’s native launchpad, surpassed Pump.fun in daily Solana launchpad volume and captures over 50% market share. About 35–50% of platform fees are funneled into BONK buybacks or burns, reinforcing deflationary mechanics .
4. Sell‑Side Pressure & Volatility Risks
On July 25, after a Galaxy Digital-connected wallet transferred ~$18.75 million BONK to exchanges, the price dipped by 9%, dropping from about $0.00003763 to $0.00003430. Volatility reached ~15% that day .
Despite the pullback, price found support in the $0.00003185–$0.00003400 range .
5. Gaming Utility Launches
Bonk Arena, an on‑chain arcade shooter by Bravo Ready Games, is now live. Players pay entry with BONK tokens, and winners earn fees. Half of the revenues support token burn, buybacks, and charity (Bonk for Paws) initiatives. This brings real utility into the ecosystem beyond speculation .