The price of Bonk (BONK) has surged over 10%, reaching $0.0000305 in the past 24 hours. This notable increase comes amid rising open interest and trading volumes for derivatives, reflecting growing investor interest in this Solana-based memecoin.
Bonk’s Price Surge Amid Increased Interest
Driven by a resurgence in major memecoins, Bonk’s latest price climb aligns with Bitcoin’s impressive hike above $122,000, which has invigorated altcoins across the board.
The bullish momentum has also lifted other meme tokens such as Dogecoin and Pepe, alongside a new wave of excitement generated by the upcoming launch of the PUMP token from Pump.fun, which is rejuvenating the meme-token market.
Market Activity and Price Predictions for Bonk
Bonk’s increase in value coincides with a substantial rise in market activity, notably a 9% uptick in open interest, bringing the total to $48.5 million. Data from Coinglass indicates a 20% rise in derivative trading volume, exceeding $534 million during the same period.
Currently, Bonk enjoys a transaction volume of $1.34 billion over the last 24 hours, reflecting a notable 23% increase. This surge in derivative activity signals heightened investor confidence, likely fueled by community initiatives aiming for a million holders on the blockchain.
Investors are also focusing on a significant token burn of one trillion BONK, which could create scarcity and potentially enhance the token’s value.
What is this number? 954,843 — the number of on-chain Solana holders of $BONK Once this number goes to 1,000,000 — one trillion BONK will be burned 🔥
Send some $BONK to your mum, dad, or even your dog. Have you BONKED someone today yet? — Tendies (@tradefortendies) July 13, 2025
If this milestone is reached, it will likely increase the token’s rarity and value.
As for future price forecasts, Bonk has generally followed a positive trend in line with other cryptocurrencies, with predictions suggesting further gains for altcoins and meme tokens as Bitcoin hits new highs.
Currently, holders are eyeing a support level above $0.000028, targeting a breakout past $0.000035. The price has been on an upward trajectory in recent weeks, although technical indicators present mixed signals regarding Bonk’s future performance.
The 14-day Relative Strength Index (RSI) stands at 76, indicating overbought conditions that may lead to a short-term correction. Conversely, the Moving Average Convergence Divergence (MACD) on the daily chart offers a bullish signal, with the histogram showing significant growth following a bullish crossover.
The combination of rising open interest, robust trading volumes, and favorable technical indicators paints a largely optimistic picture for Bonk. While an overbought RSI suggests caution, the favorable MACD trends and broader long-term crypto projections support a bullish outlook, with support levels at $0.000026 and $0.000015.
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