$BONK Surges 66% as Solana Memecoin Frenzy Ignites Fresh Breakout
The memecoin market is heating up again. Total sector capitalization has climbed to approximately $61.3 billion, up 0.4% over the past 24 hours, according to market data from CoinGecko.
Trading volumes have also exploded past $7.4 billion in the same period, proof that investors are still willing to trade. At the heart of this resurgence is $BONK, the Solana-based token rapidly gaining momentum.
$BONK Overtakes Rivals, Ranks as Fifth-Largest Memecoin
$BONKās price soared over 66% in the past week, pushing its market capitalization to $1.66 billion and propelling it to 52nd place on the global crypto rankings.
The rally pushed $BONK past Fartcoin, securing its spot as the fifth-largest memecoin.
Launched in late 2022 through a massive Solana airdrop, $BONK (nicknamed āBonk Inuā) takes cues from Dogecoin, complete with a Shiba Inu mascot.
From day one, the team focused on mass adoption. Creator Nom Bark says integrations exploded from 40 at launch to over 350 today, driving steady user growth.
This aggressive expansion strategy has paid dividends, with projects like Bonk Bot, a popular Solana-based Telegram trading bot, now processing higher trading volumes than many Layer-1 blockchains.
Launch of LetsBonk.fun Supercharges $BONKās Momentum
The launch of LetsBonk.fun, a new meme coin launchpad built by the $BONK community with Raydium (Solanaās leading liquidity provider), has fueled the tokenās recent rally.
Over 2 years ago, The Dog BONK'd Solana
ā BONK!!! (@bonk_inu) April 25, 2025
Now it's time to BONK the trenches
Introducing @bonk_fun
A new tool for launching memecoins, built by members of the BONK community in collaboration with @RaydiumProtocolpic.twitter.com/G5SzrFqqku
Seen as a competitor to Pump.fun, BONKāS latest platform, differentiates itself by using generated fees to buy back $BONK, whereas Pump.fun has faced criticism for reportedly selling off Solana tokens.
The buyback of $BONK tokens supports the projectās commitment to its community and also reduces the circulating supply. In theory, this can create further scarcity and drive a price pump.
LetsBonk.fun seems to have gone viral.
BONK developer @SolportTom reports an increase in the influx of Korean and Chinese users.
To capitalize on this, the developers plan to translate $BONKās websites into native languages and appoint regional ambassadors to further expand community engagement.
In addition, LetsBONK has partnered with Raydium to reward the next 20 AI projects that migrate to its platform and sustain a market cap above $100K for 24 hours, offering incentives in $RAY tokens.
Beyond the tech upgrades, $BONKās cult-like following has been instrumental in its rebound over competitors like DogWifHat ($WIF).
One of its most notable backers, Unipcs, famously known as āBonk Guy,ā gained fame in 2023 after turning a $16K investment into $13.7 million through $BONK holdings.
new bonk pnl ATH today: $13.7 million
ā Unipcs (aka 'Bonk Guy')
and i think the $BONK run is only just starting. things could get very exciting very quickly from here!
i started with $16k in October '23, hit an initial ATH of $12.7m in December '23 where i publicly shared my thesis for the first timeā¦ https://t.co/g5Bmv4uWlZ pic.twitter.com/a7qlGZsCqT(@theunipcs) March 4, 2024
Since then, heās been a vocal proponent of Solanaās memecoin scene, consistently sharing trade setups and fostering belief in $BONKās long-term prospects.
$BONK Derivatives Market Heats Up As Technicals Point to Fresh Breakout Toward $0.00002632
Open interest in $BONKās derivatives market has now surpassed $31 million, further amplifying bullish sentiment.
Analysts suggest that with $BONK still 64% below its November 2024 peak, there could be substantial room for further upside.
From the technical outlook, the 4-hour $BONK/$USDT chart reveals a bullish breakout following an extended downtrend.
After carving a descending channel marked by lower highs and lows, $BONK reversed sharply, breaking the structure with strong momentum.
Post-breakout, the token formed a series of higher lows, shaping a rounded bottom pattern and multiple cup-like formations, signaling sustained accumulation.
At press time, $BONK is trading near $0.00002155, with a breakout target around $0.00002632. This represents a 22.47% upside from recent consolidation levels.
However, the RSI Divergence Indicator shows a reading of 71.03, suggesting BONK is entering overbought territory.
While momentum remains strong, if bullish pressure eases, traders should watch for potential pullbacks toward the $0.00001800ā$0.00002000 range.
The post $BONK Surges 66% as Solana Memecoin Frenzy Ignites Fresh Breakout appeared first on Cryptonews.
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$BONK Surges 66% as Solana Memecoin Frenzy Ignites Fresh Breakout
The memecoin market is heating up again. Total sector capitalization has climbed to approximately $61.3 billion, up 0.4% over the past 24 hours, according to market data from CoinGecko.
Trading volumes have also exploded past $7.4 billion in the same period, proof that investors are still willing to trade. At the heart of this resurgence is $BONK, the Solana-based token rapidly gaining momentum.
$BONK Overtakes Rivals, Ranks as Fifth-Largest Memecoin
$BONKās price soared over 66% in the past week, pushing its market capitalization to $1.66 billion and propelling it to 52nd place on the global crypto rankings.
The rally pushed $BONK past Fartcoin, securing its spot as the fifth-largest memecoin.
Launched in late 2022 through a massive Solana airdrop, $BONK (nicknamed āBonk Inuā) takes cues from Dogecoin, complete with a Shiba Inu mascot.
From day one, the team focused on mass adoption. Creator Nom Bark says integrations exploded from 40 at launch to over 350 today, driving steady user growth.
This aggressive expansion strategy has paid dividends, with projects like Bonk Bot, a popular Solana-based Telegram trading bot, now processing higher trading volumes than many Layer-1 blockchains.
Launch of LetsBonk.fun Supercharges $BONKās Momentum
The launch of LetsBonk.fun, a new meme coin launchpad built by the $BONK community with Raydium (Solanaās leading liquidity provider), has fueled the tokenās recent rally.
Over 2 years ago, The Dog BONK'd Solana
ā BONK!!! (@bonk_inu) April 25, 2025
Now it's time to BONK the trenches
Introducing @bonk_fun
A new tool for launching memecoins, built by members of the BONK community in collaboration with @RaydiumProtocol
Seen as a competitor to Pump.fun, BONKāS latest platform, differentiates itself by using generated fees to buy back $BONK, whereas Pump.fun has faced criticism for reportedly selling off Solana tokens.
The buyback of $BONK tokens supports the projectās commitment to its community and also reduces the circulating supply. In theory, this can create further scarcity and drive a price pump.
LetsBonk.fun seems to have gone viral.
BONK developer @SolportTom reports an increase in the influx of Korean and Chinese users.
To capitalize on this, the developers plan to translate $BONKās websites into native languages and appoint regional ambassadors to further expand community engagement.
In addition, LetsBONK has partnered with Raydium to reward the next 20 AI projects that migrate to its platform and sustain a market cap above $100K for 24 hours, offering incentives in $RAY tokens.
Beyond the tech upgrades, $BONKās cult-like following has been instrumental in its rebound over competitors like DogWifHat ($WIF).
One of its most notable backers, Unipcs, famously known as āBonk Guy,ā gained fame in 2023 after turning a $16K investment into $13.7 million through $BONK holdings.
new bonk pnl ATH today: $13.7 million
ā Unipcs (aka 'Bonk Guy')
and i think the $BONK run is only just starting. things could get very exciting very quickly from here!
i started with $16k in October '23, hit an initial ATH of $12.7m in December '23 where i publicly shared my thesis for the first timeā¦ https://t.co/g5Bmv4uWlZ pic.twitter.com/a7qlGZsCqT
Since then, heās been a vocal proponent of Solanaās memecoin scene, consistently sharing trade setups and fostering belief in $BONKās long-term prospects.
$BONK Derivatives Market Heats Up As Technicals Point to Fresh Breakout Toward $0.00002632
Open interest in $BONKās derivatives market has now surpassed $31 million, further amplifying bullish sentiment.
Analysts suggest that with $BONK still 64% below its November 2024 peak, there could be substantial room for further upside.
From the technical outlook, the 4-hour $BONK/$USDT chart reveals a bullish breakout following an extended downtrend.
After carving a descending channel marked by lower highs and lows, $BONK reversed sharply, breaking the structure with strong momentum.
Post-breakout, the token formed a series of higher lows, shaping a rounded bottom pattern and multiple cup-like formations, signaling sustained accumulation.
At press time, $BONK is trading near $0.00002155, with a breakout target around $0.00002632. This represents a 22.47% upside from recent consolidation levels.
However, the RSI Divergence Indicator shows a reading of 71.03, suggesting BONK is entering overbought territory.
While momentum remains strong, if bullish pressure eases, traders should watch for potential pullbacks toward the $0.00001800ā$0.00002000 range.
The post $BONK Surges 66% as Solana Memecoin Frenzy Ignites Fresh Breakout appeared first on Cryptonews.
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