TL;DR
- BONK climbed 9.7%, reaching $0.00001750, its highest value in nearly a month, driven by Bitcoin’s recovery and other catalysts.
- BONK’s trading volume jumped 366% to over $645 million, with whales accumulating and a newly created wallet purchasing $180,000 in tokens.
- Analysts estimate that if it breaks past $0.00002000, it could rally to $0.00003372 — a 100% increase from current levels.
BONK took center stage in the crypto market during the early hours of July 3, posting the strongest performance among the 100 largest cryptocurrencies by market capitalization.
Its price rose from $0.00001568 to an intraday peak of $0.00001750, marking its highest level in nearly a month. It’s currently trading at $0.00001681, up 9.7%. The surge came alongside Bitcoin’s recovery past $110,000, triggering a broad rally across the most liquid tokens.
BONK’s 24-hour trading volume soared 366%, exceeding $645 million. That activity pushed its market cap above $1.3 billion, securing its position as the second most valuable memecoin on Solana, behind only TRUMP. The rally was accompanied by heavy whale buying, including a newly created wallet that snapped up $180,000 in tokens — a classic FOMO signal in the middle of a rally.
How Far Could BONK Go
Analysts like Alicecrypto and Bluntz Capital believe BONK could double in value from current levels. While they doubt it will reclaim its all-time high of $0.00005916 before the end of the cycle, they estimate a potential increase of 100% to 130%. On another note, Solana CEO Anatoly Yakovenko sparked buzz by interacting with BONK-related content, further amplifying interest in the memecoin.
A key driver behind this momentum was the surge of LetsBONK.fun, the BONK community’s token launchpad, which in recent sessions overtook Pump.fun as the leading platform by daily volume. While Pump.fun saw a 6.7% decline, LetsBONK.fun jumped 126%, which also benefited BONK holders since half of its revenue goes to token buybacks and burns, reducing the circulating supply.
From a technical standpoint, BONK’s price broke upward out of a descending channel and moved above its key exponential moving averages, confirming a trend reversal. The immediate target now stands at $0.00002000, and if it clears that resistance, analysts project a rally to $0.00003372 — a 100% climb from current prices
