BONK Primed for 37% Surge as Whales Pull $16M Off Exchanges—Meme Coin Spring?
Meme coin mania isn't dead—it's just taking a coffee break. BONK, the Solana-based crowd favorite, just flashed its first bullish signal in weeks as exchange reserves plummet.
Whales on the move
$16 million worth of BONK suddenly vanished from trading platforms—the kind of coordinated exit that typically precedes a liquidity squeeze. Fewer tokens up for grabs means higher bids for what's left.37% or bust
The technical setup now mirrors BONK's last major breakout. Same ascending triangle pattern. Same exchange netflow metric screaming 'demand shock.' Only this time, the Fed's printing money again—because what could go wrong?Just remember: In crypto, 'organic growth' often means one hedge fund DM'ing another. Happy trading.
Exchange Supply Drops and Smart Money Get In
According to the Nansen dashboard, BONK’s exchange supply has dropped 2.88% over the past 30 days. With 20.44 trillion BONK currently held on exchanges, this implies a drop of around 589 billion tokens. At a price of $0.00002835, that’s roughly $16.69 million worth of tokens exiting exchanges; a clear signal of decreasing sell pressure.
Supporting this, the top 100 addresses now hold 56.53 trillion BONK, up 6.12% over the month. “Smart money” wallets have surged 48.6%, while exchange balances and whale wallets have shrunk, confirming an internal rotation of supply into stronger hands.
Exchange Supply measures how much of a token is held on exchanges. A drop often signals lower short-term selling risk.
Golden Crossover Could Add Fuel to the Rally
BONK is on the verge of confirming a Golden Crossover, where the 50-day EMA (exponential moving average) crosses above the 200-day EMA. This momentum signal is widely tracked in technical analysis and typically suggests that a long-term uptrend is beginning.
The last few sessions have seen price candles float above both the 50-day (orange) and 200-day (blue) EMAs. This positioning confirms a strong market structure, and once the crossover is validated, the bullish narrative gains even more strength.
BONK Price Targets Remain Bullish
BONK price has broken past multiple Fibonacci extension levels, with the 1.0 level at 0.00002826 now acting as key support. The current price sits around 0.00002835, and the next resistance zone, marked by the 1.618 Fibonacci extension, lies at 0.00003868; a potential 37% gain from current levels.
In case of pullbacks, $0.00002826 and $0.00002466 remain strong support levels. These are the levels from which we can expect the BONK price to bounce.
Fibonacci Levels help identify support/resistance zones based on past price moves. A 1.618 extension often marks the next bullish target.
However, if BONK slips below 0.00002182 (0.618 Fib level and also the strongest support) and fails to hold above that level, and if exchange balances begin rising again, the bullish thesis could quickly fizzle out.
