$BONK Up 158% in July — Can Buybacks Fuel Another 46%? 🔥🐶📈

🔥 BONK burned 500B tokens worth $16.7M on July 24, funded by revenue from its memecoin launchpad, BonkFun. The team pledged 1% of total revenue for regular buybacks.

💸 With $39M+ in launchpad earnings, BONK’s deflationary push aims to cut supply and sustain bullish momentum—especially with tokens bought using funds from the marketing budget.

📊 On the chart, BONK is cooling near the 1.618 Fib level ($0.000036). Holding this zone could launch a 46% rally toward $0.000052. Failure = pullback to $0.000025.

📈 Bullish sentiment is rising: Binance’s top traders long on BONK jumped from 56% to 60% in 24h. Still, market-wide optimism is key to extend gains.

🧠 If the Fed rate cuts arrive in September, spot players might see dips as fresh entry points—unless BONK breaks below May highs, which would shift momentum to bears.