BONK Rockets 20% in 24 Hours as Bitcoin Holds Strong at $108K: Weekend Crypto Surge
Meme coin mania meets blue-chip stability as the crypto market defies gravity this weekend.
While Bitcoin anchors the market at $108K—proving once again it's the cockroach of finance (survives everything, loved by none)—Solana's favorite dog-themed token BONK goes parabolic.
20% daily gains? Either the degens are back or someone's pumping their bags before the Sunday scaries hit.
Meanwhile, BTC's relentless consolidation at six figures has traders torn between FOMO and waiting for the inevitable 'healthy correction' that never comes.
Crypto in 2025: Where the 'dumb money' gets smarter returns than your financial advisor's balanced portfolio.
BTC Calm at $108K
It has been a quiet period for the primary cryptocurrency. In fact, the latest major price moves came about two weeks ago – on June 23 and 24 – when it dumped to $98,000 before it soared past $105,000 a day later as the Middle East war was going rampantly.
Ever since then, though, the asset has been stuck in a tight trading range between $105,000 and $110,000. It tested the lower boundary on Wednesday, where the bulls stepped up and pushed it south toward the upper one.
On Thursday, BTC showed signs of a breakout attempt when it spiked to a multi-week peak of $110,500, but the bears stepped up at this point and didn’t allow a surge to a new all-time high.
The landscape has been somewhat unchanged since then, as Bitcoin quickly returned to $108,000 and has not moved from that level for a few days. Its market capitalization stands strong at $2.150 trillion, while its dominance over the alts is at over 63% on CG.
BONK on the Run
As The Graph below will demonstrate, most larger-cap alts are slightly in the green on a daily scale. Such minor increases are evident from the likes of ETH, BNB, SOL, TRX, DOGE, ADA, BCH, LINK, and XRP. In contrast, HYPE and PI have lost some traction over the past 24 hours.
The biggest gainers are TON and BONK. The former has risen by over 9% and sits at $3, while the meme coin has exploded by 20% and now trades at $0.000022.
The cumulative market cap of all crypto assets has remained relatively stable at $3.4 trillion on CG.
