BONK Token Sees 2.44% Dip After 59.7% Weekly Surge Amid ETF Filing and Trading Frenzy

BONKUSDT experienced notable volatility in the last 24 hours, with its price declining by 2.44% to 0.00002279 USDT on Binance. The recent price movement is primarily attributed to a combination of factors: heightened ecosystem activity following LetsBonk surpassing Pump.fun in daily volume and revenue, increased speculation and trading activity after Tuttle Capital Management filed for a leveraged BONK ETF, and ongoing bullish sentiment driven by previous price surges and high trading volumes. However, after a significant rally earlier in the week—where BONK saw a 22% surge on July 6 and a 59.7% weekly gain—some profit-taking and short-term retracement have contributed to the recent pullback.

Currently, BONKUSDT is trading at 0.00002279 USDT with a 24-hour trading volume of approximately 159.54 million USDT on Binance and a market capitalization of about $1.83 billion, reflecting strong interest but also high volatility in the market.