BONK Surges 6.5% as Solana Meme Coin Eats Into Rivals’ Market Share
Solana's favorite joke token isn't laughing anymore—it's feasting.
BONK just ripped past its competition with a 6.5% rally, proving even memes can turn mercenary when market caps are at stake. The dog-themed crypto now claims another slice of the speculative pie, leaving slower chains wondering if they're the punchline.
Behind the pump: Traders chasing the next SHIB-style moonshot are piling into Solana's ecosystem, where transaction speeds (and hype cycles) move at light speed. Never mind that 99% of these coins will eventually crater—right now, degenerates gotta degen.
One cynical take: Wall Street spends millions on tokenized ETFs, while a cartoon dog coin named after an onomatopoeia casually outperforms half their portfolios. The future of finance, folks.
Technical Analysis
- BONK traded between $0.0000311 and $0.0000363, marking an 18% intraday swing.
- Strong support confirmed near $0.000032; resistance solidified near $0.000037.
- Volume surpassed 2.1 trillion tokens during recovery and breakout phases.
- Institutional accumulation was visible during key dips throughout the session.
- Late-session volume spike of 39 billion tokens occurred between 13:58–14:01 UTC.
- Trading narrowed to a 3% band ($0.000035–$0.000036) in final hour of analysis.
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.
