BONK, claiming to be the “first Solana dog coin,” has defied the odds by rising 15% in the last 24 hours.
BONK has emerged as a refreshing beacon of green in a landscape where both Dogecoin and Shiba Inu are suffering double-digit losses, raising questions among investors about the strength behind its bark.
BONK’s bullish stride isn’t just a fad; it’s part of a larger trend. The meme coin has increased by 10% in the last week, bringing its value to $0.00001363. This not only reflects BONK’s tenacity but also highlights its notable medium-term momentum.
Analysts are optimistic about BONK’s future trajectory, especially given the US SEC’s decision on Bitcoin ETFs tomorrow.
If the decision sparks a broader market rally, BONK could see even bigger gains, potentially outperforming canine-themed peers like Shiba Inu.
BONK’s upward trajectory is propelled by an enticing combination of positive factors. The coin’s social engagement has nearly doubled, creating a palpable buzz that is translating into tangible market momentum.
This increased interest is reflected in trading volumes, which have increased by 130% in the last day, reaching a staggering $285 million.
To put this in context, BONK’s trading volume now exceeds Shiba Inu’s, demonstrating retail investors’ growing enthusiasm.
