Oh, dear reader, let me tell you a tale of the most peculiar kind. Bonk (BONK), the fourth-largest meme coin by market capitalization, has surged 81.1% over the past fortnight. This rise has raised hopes that the dog-themed coin may soon reclaim its all-time high (ATH). 🐶💰
Several factors, including exchange-traded fund hype, increased demand, and technical indicators, are fueling this optimism. But let’s not get ahead of ourselves, shall we? After all, in the world of cryptocurrencies, one moment you’re soaring like an eagle, and the next, you’re plummeting like a stone. 🪨🦅
Why is BONK Coin Up?
BeInCrypto data showed that BONK began its rally after hitting a 2-month low on June 22. Despite brief dips, the uptrend gathered momentum earlier this month, and the Solana-based token saw consecutive pumps, boosting its value by 52.4% over the past week. It’s as if BONK decided to play a game of “let’s see how high we can go” and hasn’t stopped laughing since. 🚀😂
Moreover, BONK’s performance outpaced the broader cryptocurrency market during the same period. Tuttle Capital Management’s recent filing to launch a 2x leveraged BONK ETF was a primary catalyst behind this surge. The post-effective amendment designates July 16 as the earliest possible launch date, pending regulatory approval. 📜🎉
“Tuttle files amendment to go post-effective July 16. Includes 2× leveraged ETFs for Bonk, Trump, Melania, XRP & more,” an analyst posted. 📊🔥
This fueled the bullish momentum, painting BONK’s chart green. At the time of writing, the meme coin was trading at $0.0000225, up 2.7% over the past day. It’s like BONK is saying, “Why walk when you can sprint?” 🏃♂️💨
This rise has caught the market’s attention. The meme coin is one of the top trending cryptocurrencies on CoinGecko today. It’s as if the entire crypto world is whispering, “What’s BONK up to now?” 🤫👀
Will BONK Revisit Its Peak Price After the Latest 81.1% Rally?
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Lastly, Bonk’s decentralized meme coin launchpad, LetsBonk, has seen a significant increase in activity, surpassing Pump.fun, the leading token launchpad. According to data from Dune, 16,797 meme coins were deployed on LetsBonk today, outpacing Pump.fun’s 10,111 tokens. It’s like a meme coin factory on steroids! 💪🎉
The majority of top tokens launched in the past 24 hours are from LetsBonk, with SAVIOUR reaching a market cap of $64.63 million. Additionally, LetsBonk surpassed Pump.fun in daily trading volume, recording $553 million compared to Pump.fun’s $352 million. This activity highlights growing investor attention toward BONK and its ecosystem. 📊🚀
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2025-07-07 14:16