Bonk (BONK), built on the Solana network, has seen a remarkable performance recently. In the past few weeks, its price has surged by more than 95% in a single week, drawing comparisons to the rise of other meme coins like Shiba Inu. The coin is currently trading around $0.000049 with daily volatility down 6.26%, but it has seen a 24.13% increase over the past week.

One of the most important factors behind Bonk’s recent rise is the implementation of a burn strategy to increase the coin’s scarcity. Around 7.7 trillion BONK have been burned so far, with plans to burn more before the end of the year. These actions have earned Bonk the reputation of “deflationary dog ​​money.”

As for the outlook, market analysis shows that the coin is still in an uptrend, supported by positive technical indicators like the Relative Strength Index (RSI) and rising buying demand. If the current momentum continues, it could achieve higher price levels in the long term, with some positive expectations until 2030.

The market will witness significant growth in early January, God willing.