$BONK

At the forefront of the rising wave is BONK - the meme coin based on the Solana blockchain - amid its increasing momentum that pushed its value up by more than 35.5% compared to last week, elevating it to the 78th rank in the cryptocurrency market by market capitalization after reaching $1.25 billion; in just the last twenty-four hours alone, the total trading volumes of BONK amounted to $232 million, driven by a breakout of daily price movements on its chart through the widening wedge pattern - one of the promising technical models indicating the potential for continued upward movement.

As one technical analyst pointed out on platform X, the breakout of BONK's price movements above the upper limit of the widening wedge technical pattern and its surge towards the 100-day moving average (DMA-100) indicates its continued bullish momentum.