Bonk (BONK) Goes Ballistic: Memecoin Pumps 60% in Seven Days

Solana’s favorite joke token just mooned—again. Bonk, the dog-themed memecoin that refuses to die, ripped past resistance levels like a bull through a china shop this week.

What’s fueling the rally? Pure degenerate speculation, as usual. Retail traders are piling in ahead of the next ’memecoin season’ narrative, while crypto influencers dust off their ’WAGMI’ tweets. Meanwhile, hedge funds quietly rotate profits from Bitcoin ETFs into high-risk alts—because nothing says ’prudent asset allocation’ like chasing a Shiba Inu knockoff.

Bonk’s latest surge proves two things: crypto markets have the memory of a goldfish, and memecoins remain the casino chips of Web3. Will it crash harder than a Telegram scam group? Almost certainly. But for now, the dogs are barking—and the bagholders are buying.

In Brief

• Bonk (BONK) records a 60% increase in one week, reaching $0.00001923.
• Bonk memecoin’s trading volume increased by 98%, reaching $478 million.
• Interest in memecoin Futures exploded, with open interest rising from $11 million to $43 million.
• BONK could target $0.000040, a 104% increase from its current price.

Bonk: An Impressive Rise

After a surge to $0.00001247 on April 22, Bonk’s price continued its climb, reaching $0.00001923! That’s a 60% increase from the previous week. With trading volume jumping 98% in 24 hours to reach $478 million, BONK’s market capitalization briefly flirted with $1.7 billion before stabilizing around $1.5 billion.

This impressive increase reflects a broader renewed interest in memecoins across the crypto market.

• Dogecoin (DOGE) and Shiba Inu (SHIB), two of the largest memecoins, saw their prices rise 3% and 5% respectively this week.
• Gains in TrumpCoin (TRUMP) and BrettCoin (BRETT), soaring 73% and 83% respectively, also show renewed interest in these volatile yet popular assets.

As a result, the total memecoin market capitalization reached $55.51 billion, a 17.5% increase in one week.

Memecoin: Strong Activity on Futures

One of the reasons for this rapid rise of Bonk is the increase in interest in futures contracts. BONK’s open interest (OI) exploded, rising from $11 million on April 22 to $43.2 million on April 26, an increase of 290%. Although this number slightly dropped to $28 million, it remains significantly higher than levels seen since December 2024, indicating that more traders are speculating on this memecoin.

Furthermore, Bonk price broke a multi-month downtrend in mid-April and may continue its ascent toward a major resistance level at $0.00002410. If this threshold is crossed, BONK could target $0.000040, representing a potential 104% increase from the current level.

Bonk thus continues to surprise investors and remains at the center of attention in the memecoin market after the temporary crash. With strong futures activity, rising market capitalization, and a general resurgence of memecoins, BONK seems ready to continue its upward trajectory in the coming days.

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