BONK Surges 50% in a Week: What’s Fueling the Memecoin Rally?

Dog-themed tokens are barking up the right tree again—BONK just ripped past half the crypto market with a 50% weekly gain. Here's why the degens are piling in.

The meme machine wakes up

No fundamental news? No problem. When liquidity sloshes back into crypto, memecoins always drink first. This time it's Solana's turn, with BONK leading the pack.

Short squeeze or sustainable?

Traders got caught leaning the wrong way—again. The 50% pump liquidated over-leveraged bears, creating that beautiful virtuous cycle where FOMO begets more FOMO. Classic crypto.

The cynical take

Let's be real: this is casino money chasing the next dumb narrative. But hey, in a market where 'number go up' is the only theology, even meme coins get their day. Just don't mortgage your house for this.

It was just a few weeks ago when BONK’s price struggled at $0.000012, and hope was fading rapidly. However, the tides turned in a spectacular manner in the next weeks, especially in the last few days, and BONK is now fighting with TRUMP for the spot of the fourth-largest meme coin by market cap.

There are no major announcements from the team that could be the actual reason behind this impressive price surge lately. However, the one that stands out the most (but is unlikely to be related to the price pump) is aimed at owners of the Gen1 solana Mobile device. As it reads, the team urged users to claim tokens as all unclaimed ones will be returned to the DAO for “future incentives.”

ATTENTION @solanamobile Saga owners

With the launch of Solana Seeker, the Gen1 Solana Mobile device has finished it’s redemption period and is officially discontinued. After monitoring the slowdown of claims on the $BONK App in the Solana Mobile store, The Saga BONK claim… pic.twitter.com/nfXYJhi9ep

— BONK!!! (@bonk_inu) July 1, 2025

Some crypto analysts on X were quick to pick up the grand price move and predicted that “it’s only a matter of time” before BONK breaks a descending trendline and heads for a new all-time high.

Despite its recent price surge, though, the meme coin is more than 60% away from its ATH, which was tapped on November 20 at $0.00005825.

Although this sounds like a big task for BONK, other X users outlined several reasons that could propel such a massive price surge, including the growing token burns and the utilization of meme coin platform – bonk_fun.

$BONK weekly volume now are similar to the swing low of April 7th, and it 3xed in the next 30 days. This was when @bonk_fun wasn’t launched yet.

If 26 price resistance broken and confirms as support, then time for $BONK to 5x to 10x in the next 30 days?

A few catalysts for it… pic.twitter.com/H5ymExtP0V

— jim (@jimmyhumania_) July 6, 2025