Bonk, the principal on the theme of the dog on Solana, jumped 58% in last week and sparked a new excitement in the currency space. With a potential launch of the FNB on the horizon, an increase in trading volumes and a booming launch ecosystem, analysts think it could be the start of a much greater decision.
Bonk has also become the most trendy room on Coingecko. His growing demand and his solid technical support more.
Of the ETF and Launchpad Momentum Push Bonk deposit under the spotlight
A major catalyst behind Bonk’s overvoltage is that Tuttle Capital Management has been deposited to launch an ETF of Bonk with 2x lever effect, on July 16 as the earliest launch date. This news has injected a new bullish feeling on the market.
At the same time, Bonkfun, a newly launched platform, overthrew Pump. Fun on Solana. Bonkfun fits directly into the Bonk ecosystem, offering a gamified experience even Launchpad, and takes a serious momentum.
Bonkfun surpasses the pump
Bonkfun officially won first place in the Battle of Launchpad, with its market share reaching 51%, the first time it has crossed the 50%mark. This step indicates a major change in user preferences and the domination of the platform. Meanwhile, Pumpfun’s market share fell to 39.9%, falling below 40% for the first time.
This has important implications for Bonk holders. Unlike its competitor, Bonkfun is directly linked to the Bonk token. Each time a new piece of meme is launched on the platform, Bonk is required for the transaction. Consequently, an increased activity on Bonkfun means greater demand for a Bonk token.
Each new launch, the volume of transactions and demand continue to increase. What was once a piece of meme now evolves in an increasing ecosystem. Analysts say it could be the beginning.
Bonk sees the record volume and the growth of holders
Bonkfun has also reached $ 402 million in negotiation volume in a single day. He has surpassed all other Solana platforms and has become the number 1 Launchpad by market share.
Its 24 -hour volume had also increased to $ 1.45 billion, the highest since November 2024, which shows a strong interest on the market. At the same time, the number of holders continues to increase, with more than 947,000 portfolios now holding Bonk. His growing demand, the Buzz ETF and its growing community support soon indicate a potential escape.
Analysts say Bonk could hit an ATH
Crypto Advisor Crypto Jack shared in a recent post X that while the whole market is moving, Bonk resisted better than most. This shows a real force, and it could be prepared for a major movement.
Analyst Jonathan Carter shared that he had managed to break above the enlargement of the resistance to the corner on the daily graphic, with a volume confirming the movement. This escape could lead to a new increase in the coming days. The upcoming key objectives are 0.0000255, $ 0.0000,371 and $ 0.0000592.
Bonk has also just broken its weekly decrease trend for the first time since November 2024. If it breaks the next resistance, we could see a new ATH discovery and prices.
