Why Bonk’s Price Jumped🚀🔥
There are three main reasons why Bonk increased. First, the coin rose because of the recent Fartcoin price rally. Fartcoin, a relatively new Solana meme coin, surged by over 455% from its lowest level this year.
This rally has led to increased demand for Solana meme coins as investors seek the next big opportunity. TRUMP has gained 70% in the last seven days, while Dogwifhat, Pudgy Penguins, Popcat, and ai16z have spiked by over 50% in the same period.
Second, Bonk’s token price surged as the broader crypto market surged. Bitcoin crossed the important resistance level at $95,000 for the first time in over a month. Ethereum rose and is eyeing $2,000, while Solana jumped to $150, up by over 60% from the lowest level this year. Historically, Bonk’s price rises when Bitcoin and Solana perform well.
Finally, the coin rose due to macroeconomic events that also drove the stock market higher. Donald Trump appears open to making a deal with countries like China, Japan, and South Korea. He also stated that he is not preparing to fire Jerome Powell from the Federal Reserve.
