BONK Surges 6.5% Following 18% Intraday Swing, Backed by Solana Ecosystem Growth and Launchpad Leadership
BONK, the Solana-based meme token, posted a robust rebound on July 24, rising 6.5% from $0.0000335 to close near $0.0000357 during the 24-hour period ending at 14:00 UTC.
After dipping to an intraday low of $0.0000311, BONK experienced an 18% trading range before settling near its daily highs. The token’s recovery was driven by renewed institutional interest and growing momentum within the expanding BONK ecosystem.
A recent Solana developer proposal to increase the network’s block size by 66% has fueled optimism, strengthening BONK’s bullish outlook. As Solana enhances its capacity to handle higher throughput and reduce latency, BONK — built natively on Solana’s blockchain — is positioned to benefit from these infrastructure improvements.
This upgrade reflects growing confidence in Solana’s ability to support high-volume applications like BONK’s LetsBonk platform, which currently commands 64% of the meme token launchpad market.
Trading volumes surpassed 2.1 trillion tokens during key recovery phases, with notable accumulation around the $0.000032 support level. BONK approached resistance near $0.000037 before profit-taking led to consolidation around $0.0000363.
Against the backdrop of broader crypto market rotation, BONK’s strong performance stood out as both institutional and retail investors shifted focus toward alternative assets. The meme token’s sustained upward momentum and expanding utility highlight its resilience amid macroeconomic uncertainties and appetite for higher-beta exposures.
Technical Highlights
- BONK traded within an 18% intraday range from $0.0000311 to $0.0000363
- Solid support confirmed near $0.000032; resistance established around $0.000037
- Volume exceeded 2.1 trillion tokens during recovery and breakout attempts
- Institutional accumulation evident during key price dips
- Late-session volume spike of 39 billion tokens recorded between 13:58–14:01 UTC
- Trading tightened to a 3% range ($0.000035–$0.000036) in the final hour
