This BONK Rocket’s Not Just Launching, It’s Practically Doing a Spacewalk! 🚀💥

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Key Takeaways

REX-Osprey’s BONK ETF was originally scheduled to debut on the 12th of September – right alongside a bunch of other very excited, very punctual ETFs that are now sipping tea and waiting for next week instead. But what does this mean for the price? Is it bonkers, or just BONK?

Enter the Bonk [BONK] ecosystem, strutting out with a launchpad so snazzy it’s simultaneously shrinking supply and inflating hype faster than you can say “flying spaghetti code.”

At press time (which is precise because time is an illusion anyway), BONK’s price had surged by 7%, sneaking its weekly gains up to a respectable 24% according to the trusty CoinMarketCap oracle (which may or may not be powered by actual oracles).

REX-Osprey aimed to put the BONK ETF on display starting September 12th, but like a British train timetable, delays must occur – much like the SEC deciding that Dogecoin’s [DOGE] ETF isn’t quite ready for primetime either.

BONK to launch ETF and DAT

Bloomberg’s own financial soothsayers and ETF whisperers, Eric Balchunas and James Seyffart, have shared that REX-Osprey’s crypto ETFs will apparently appear “somewhere between the middle of next week and definitely on a Thursday unless the universe says otherwise.” Balchunas confidently tweeted:

“Another delay. Launching next week. Mid week. Prob Thur.”

Meanwhile, Seyffart set the record straight on the cryptic nature of these ETFs – they’re a bit like the mysterious “SSK” Solana product, but with a subtle twist: they hold spot, but only for some of their portfolio’s whims.

As of writing, it remained a tantalizing mystery whether BONK’s ETF would join the “live and kicking” club or languish eternally in regulatory limbo, while the SEC quietly nodded off after completing its obligatory 75-day assessment snooze.

Meanwhile, Nasdaq’s Safety Shot (SHOT) joined the party by scooping up a smidge under 229 billion BONK-valued at a casual $55 million-for their treasure hoard.

This cache represents about 2.5% of all BONK in existence, with the noble goal of establishing Solana DeFi protocols or, more likely, impressing the cool kids at fund meetings.

Thanks to this newfound mass accessibility, BONK became easier to snag than a discount sandwich, with merry brokerages like Robinhood, Coinbase, Binance, and Upbit cheerfully taking your orders.

How high can its price go?

Could BONK soon blast off parabolically, or is this just another case of “price to the Moon(dust)?” The recent buzz suggests it’s gearing up for something explosive enough to make fireworks jealous.

After snoozing in a range-bound nap for nearly two years on the 3-day chart, BONK seems poised to leap over resistance like a caffeinated kangaroo.

Historically, BONK has moonlighted as Solana’s unruly, high-beta sidekick during bull runs-kind of like a 3x levered magic carpet ride with a few more confetti cannons.

Since Solana just decided to photobomb Binance Coin [BNB] in market cap, tipping the scales at a cool $237 billion, the bulls are licking their lips, and BONK’s outlook couldn’t look more bullish if it wore a neon sign saying “BUY ME”.

The 4-hour chart bravely challenges BONK to smash through a sell wall at $0.000026 (yes, that many zeroes), then press on past $0.000032, aiming sky-high at a technical target of $0.000038 – provided the momentum gods don’t take a coffee break.

So, will BONK soon ignite an explosive price surge or remain a memecoin college dropout telling tall tales? The answer lies somewhere in the mysterious alchemy of market mood swings and “those pesky regulations.”

If all the cosmic ducks line up just right, BONK could become the star of the crypto circus – with retail investors and institutional jugglers both eagerly tossing their hats into the ring. Or it might just do a slow, awkward shuffle off stage. Only time and luck will tell.

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2025-09-12 19:16