BONK Rises 4% as Institutional Activity Strengthens Solana Ecosystem
BONK, the meme token on the Solana blockchain, surged 4% in the past 24 hours, reaching $0.0000218 before stabilizing near $0.0000213, reflecting renewed institutional interest and ecosystem momentum.
The token’s sharpest move occurred at 19:00 UTC on Wednesday, climbing 1.9% from $0.0000211 to $0.0000215 on a 574.8 billion-token volume spike. While resistance capped the advance at $0.0000215, support repeatedly emerged near $0.0000212, signaling resilience. BONK traded within an 8% intraday range, demonstrating strong activity despite volatility.
Institutional engagement in Solana continues to grow. Galaxy Digital, Multicoin Capital, and Jump Crypto are leading a $1 billion Solana-focused investment fund, supported by Cantor Fitzgerald infrastructure. This fund exceeds prior allocations by 150% and is expected to inject significant liquidity into Solana projects, with BONK among the ecosystem’s most actively traded tokens.
Corporate adoption is also on the rise. Beverage company Safety Shot recently allocated $25 million in BONK to fund the bulk of a $30 million capital raise, marking a milestone for meme token use in corporate treasury strategies.
These developments suggest BONK is moving beyond its meme origins, increasingly recognized by institutional investors and positioning itself as a key asset within the Solana ecosystem.
