BONK Surges Past Rivals as Memecoin King – Nearing 1 Million Holders in Crypto Frenzy

Move over, Dogecoin—there's a new meme sheriff in town. BONK isn't just riding the crypto rally; it's leading the pack with a holder base sprinting toward seven figures.

The viral token flips conventional wisdom

While 'serious' investors dismiss memecoins as gambling chips, BONK's blistering growth exposes an uncomfortable truth: liquidity flows where the hype lives. Nearly 1 million wallets now hold the Solana-based token—proof that even in a bear market, degenerates (sorry, 'retail pioneers') drive the narrative.

Zero utility? No problem. The market's voting with its wallet, and right now it's screaming 'BONK.' Just don't tell your CFA holder we said that.

Technical analysis highlights

• The BONK-USD pair experienced increased buying pressure during the last 24 hours, from July 2, 16:00 UTC, to July 3, 15:00 UTC. It surged from $0.0000147 to a peak of $0.0000175, representing a 10.4% range, according to CoinDesk Research's technical analysis model.
• A significant volume spike to 2.9 trillion at midnight on July 3 established strong support at the $0.0000157 level, while high-volume buying at the $0.0000168 level during the 05:00 UTC hour propelled prices higher despite late session profit-taking, the model showed.
• However, during the last 60 minutes from July 3 at 14:50 to 15:49 UTC, BONK-USD experienced significant volatility, dropping from $0.00001666 to a low of $0.00001619 before recovering to $0.00001624.
• A notable volume spike of 86.9 trillion at 15:35 coincided with the price bottoming at $0.00001619, establishing a key support level. The subsequent recovery formed an ascending trendline with increasing volumes, particularly at 15:49, where 22.5 trillion in volume pushed prices up by 2.7% from the session low, according to the model.

 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.