Bonk ($BONK) Eyes 2.5X Rally as Institutional Interest and Ecosystem Growth Explode

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Jimmy Aki

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Jimmy Aki

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Sep 2022

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Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news...

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Last updated: 

July 15, 2025

Bonk ($BONK) is experiencing strong bullish momentum. In the last 24 hours, $BONK has increased by 7.65% to currently trade at $0.00002873, showing the traction that the memecoin is gaining.

Beyond the Meme: How $BONK’s Utility, Strategic Partnerships, and Community Drive Its Path to $0.000060

Bonk ($BONK), once seen as just another meme coin, has evolved into one of the most active and rapidly growing tokens in the Solana ecosystem.

With a market cap of approximately $2.37 billion, a circulating supply of 80.87 trillion tokens, and a total value locked (TVL) of $18.22 million, $BONK is solidifying itself as a leading memecoin on the Solana blockchain.

$BONK is a well-integrated, high-utility, and increasingly institutionalized Solana-native asset with 956,523 on-chain holders. This strong on-chain activity is further evidenced by a 24-hour trading volume of $1.32 billion, indicating intense market interest and liquidity.

Analysts now forecast a steady rally toward $0.000060, a potential 2.5x from current levels, as all indicators point to sustained growth.

$BONK was launched in 2022 and has distinguished itself by airdropping 50% of its 100-trillion token supply airdropped directly to active Solana users, NFT holders, developers, and artists. This grassroots approach helped build strong community trust and broad-based adoption.

One of $BONK’s biggest strengths is its broad adoption across the Solana network, which boasts over 350 on-chain integrations.

In May 2025, $BONK announced a high-profile partnership with Nasdaq-listed DeFi Development Corp to jointly launch a validator node on Solana. This collaboration enhances Solana’s decentralization and indicates increasing institutional involvement in the once purely community-driven meme token.

In early July, Grayscale added $BONK to its Q3 “Assets Under Consideration” list, triggering a 12% price rally and marking the meme coin’s entry into Wall Street discussions. $BONK also recorded a massive 2.6 trillion token on-chain volume at that time, indicating high transaction activity and growing liquidity.

Additionally, LetsBonk, a Solana memecoin launchpad, has seen a strong surge in 24-hour revenue, reaching $1.04 million in early July, nearly double that of Pump.fun.

$BONK’s price has rallied sharply since LetsBonk’s launch on April 25. This indicates growing utility and engagement within the Bonk ecosystem.

$BONK Holds Strong in Rising Wedge—Can Bulls Defend $0.000026 Support for Another Leg Up?

$BONK/$USDT is currently trading near $0.00002864, following a steady climb over recent sessions.

The 4‑hour timeframe shows that the price moves within a clear rising wedge pattern. The wedge began forming after the breakout from the $0.00002200 region, which serves as a key support zone.

There is an increase in volume, which signals that buyers have actively pushed prices higher.

Inside the wedge, each rally has been met with a brief pullback, which has created higher highs and higher lows. One detail to note is at the top of the wedge, which lies between $0.00002900 and $0.00003000. That area now acts as immediate resistance.

A confirmed breakout above this level with strong follow‑through could extend gains to $0.00003100 or beyond.

On the downside, a break below the wedge’s lower boundary, around $0.00002600, could trigger a deeper pullback, with the first support sitting near $0.00002500.

The 1‑hour footprint chart adds context to recent order flow. Earlier candles show large buying deltas, such as +2.59M on a candle with total buys at 15.82M against 13.23M sells, which propelled the $BONK price higher.

However, there were also signs of sell‑side resistance. Around 07:00 UTC, the delta registered a value of (–3.48M), despite 13.9M in buys, suggesting that while buyers were active, sellers were matching and exceeding them enough to cap the rally briefly.

Despite this pushback, the price held above $0.00002750, suggesting underlying demand and buyers supporting the price level.

On the 1‑hour price chart, the price corrected modestly after a quick spike but quickly found bids, maintaining the series of higher lows. The increase in volume aligns with these rallies, which indicates that market participants are willing to accumulate on dips.

$BONK/$USDT remains in a clear upward structure. If $BONK/$USDT decisively breaks above the resistance zone between $0.00002900 and $0.00003000 with strong volume, it could pave the way for a rally to $0.00003100 and higher.

Meanwhile, if the price fails to hold above $0.00002600, attention would shift to the $0.00002500 support area. A further decline below this level could suggest a deeper correction.