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BONK Surges 6.5%—Solana Meme Coin Devours Market Share While Traders Ride the Wave

BONK Surges 6.5%—Solana Meme Coin Devours Market Share While Traders Ride the Wave

Author:
CoindeskEN
Published:
2025-07-24 16:24:02
6
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BONK Jumps 6.5% as Solana-Based Meme Token Captures Market Share

Another day, another meme coin defying gravity—this time it's Solana's BONK barking up the crypto charts with a 6.5% rally. Who needs fundamentals when you've got vibes?

Solana's canine-themed token is biting off bigger chunks of the market, proving once again that in crypto, the tail wags the dog. Meanwhile, serious investors clutch their spreadsheets and weep softly into their regulatory filings.

Will this puppy keep running, or is it just chasing its own tail? Place your bets—the house always wins.

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.

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