$BONK
🚨Bonk ($BONK): Solana’s Leading Meme Coin Approaches Breakout🚨
Bonk ($BONK), Solana’s resident dog-themed meme coin, launched on December 25, 2022, and immediately fueled a holiday rally that boosted Solana’s $SOL by 34% in just two days, cementing BONK’s place in the ecosystem’s history.
Currently priced at $0.00002396, BONK’s charts hint that it could easily double or triple in value before year-end.
With a $1.86 billion market cap, BONK has become a fixture in Solana’s DeFi sector, used for tipping, micropayments, bot-based trading, and even as collateral for meme-themed NFTs.
The falling wedge pattern forming from late November to mid-March accurately reflected Bonk’s subsequent breakout across July. Bonk peaked at $0.00003906 before declining along with the rest of the meme coin market, as holders of Dogecoin, Shiba Inu, and Pepe can attest.
However, if the US government nurtures favorable market conditions, BONK could soon retest resistance at $0.00003 and $0.00005 levels that capped most rallies in 2024 and this year to date.
Although BONK still trades roughly 59% below its all-time high of $0.00005825 from November 2024, renewed crypto market strength could push it to new peaks.