BONK Surges 11% as Community Hype & Trading Volume Spark Bullish Breakout
Memecoin madness is back—BONK just ripped an 11% rally off community fervor and surging volume. Here's why traders are suddenly paying attention again.
Fueled by degenerate gamblers—sorry, 'retail investors'—the Solana-based dogcoin defied its usual sideways action with a textbook breakout. Liquidity pools lit up like a Vegas slot machine hitting jackpot.
Will this pump hold? Who knows. But for now, the meme economy proves that in crypto, fundamentals are optional when you've got enough hype and a Telegram group full of diamond-handed degens. Just don't remind anyone what happened last time.
Technical Analysis Highlights
- BONK traded in an 11.49% range, from $0.000021124 to $0.000023862, during the July 8 session.
- $0.000021124 was confirmed as key support with 2.60 trillion volume during the reversal.
- Final-hour price held between $0.000022848–$0.000023033, forming a bullish consolidation band.
- A 41.5 billion unit spike at 10:25 GMT signaled renewed buying pressure and potential breakout.
- Volume averaged 11.2 billion units per minute in the final hour, indicating sustained demand.
- BONK flipped TRUMP to become the fourth largest memecoin by market cap, backed by social momentum.
- Bonk.fun platform dominance and anticipated meme-art initiatives support long-term growth narrative.
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
