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BONK Jumps 19% as Altcoin Market Surge Accelerates
BONK saw 19% surge amid altcoin breakout and nearly $250M in daily trading volume
Jul 17, 2025, 12:06 p.m.
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What to know:
- BONK surged 12.62% to $0.00003735, having reached a high of $0.00004022 on strong volume.
- The move comes as altcoins outperform bitcoin and ether in a broad market rotation.
- Volume soared to 6.67 trillion tokens with $247M in value traded, reflecting high demand.
BONK continued its rally climbing as much as 19.6% to $0.00004022 early in the European morning on Thursday.
The Solana-based meme token’s move came amid a powerful altcoin breakout, with capital rotating rapidly into higher beta tokens as risk appetite surged across crypto markets.
STORY CONTINUES BELOW
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BONK pierced through key resistance levels to reach a high of $0.00004022, marking a new multi-month peak. Support held at $0.00003319, reinforcing a wide 32% trading range as volatility swept the market.
BONK has followed a textbook uptrend pattern of higher lows and sharp upside bursts, each backed by heavy volume exceeding 6.67 trillion tokens, translating to $247.11 million in trading value, according to CoinDesk Research's technical analysis data model.
The rally wasn’t isolated. BONK’s surge mirrored broader strength across altcoins, with other Solana ecosystem tokens like WIF and JITO also recording double-digit gains. Meanwhile, layer 2s such as OP and ARB gained ground as Ethereum gas fees normalized, and meme coins reclaimed their speculative edge amid improving market sentiment.
BONK's recent inclusion on Grayscale’s Q3 2025 watchlist helped reinforce the narrative that institutional investors are paying closer attention to niche tokens with strong community traction. The breakout also coincided with a declining Bitcoin dominance metric, a key signal that altcoins are entering a more aggressive phase of rotation.
Traders are now eyeing the $0.00004676–$0.00005000 zone as the next critical resistance band. With BONK firmly above the psychological $0.000040 level and volume continuing to beat averages, the path of least resistance remains to the upside — at least while altcoin sentiment remains red-hot.
Technical Analysis Highlights
- BONK jumped 12% from $0.00003337 to $0.00003735 in 24 hours.
- Session high hit $0.00004022; low formed at $0.00003319 (32.1% range).
- Volume topped 6.67 trillion tokens; traded value surpassed $247 million.
- Higher lows and breakout continuation formed consistent bullish structure.
- Resistance emerged near $0.00004380–$0.00004400 but failed to reverse trend.
- Altcoin market rotation fueled inflows as Bitcoin dominance declined.
- Solana ecosystem and memecoins led performance across risk-on tokens.
- Current price: $0.00004375, with bulls targeting $0.00004676 next.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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