BONK Jumps 15% as Institutional Demand Surges and Token Burn Sparks Optimism
July 15, 2025
BONK, the meme token built on Solana, surged 15% over the past day, fueled by growing institutional interest and the announcement of a planned 1 trillion token burn designed to boost scarcity and drive price appreciation.
Starting at $0.000027 on July 14 at 13:00 UTC, BONK steadily climbed to a peak of $0.000031 by early July 15. During this breakout, trading volume spiked to over 3.5 trillion tokens in one hour, signaling strong activity from large investors, according to CoinDesk Research.
What’s Behind the Rally?
The token burn plan is a key catalyst, set to reduce BONK’s circulating supply once the community reaches a milestone of 1 million on-chain holders—an indicator of increasing adoption and engagement. This deflationary move is expected to support longer-term price gains.
Adding to bullish sentiment, BONK’s recent inclusion on Grayscale’s asset watchlist marks growing institutional recognition and a shift toward viewing meme tokens as more than just speculative assets.
Market and Technical Snapshot
- BONK’s price climbed 15%, from $0.000027 to $0.000031 in 24 hours.
- Peak volume surpassed 3.5 trillion tokens traded during the July 15 breakout.
- Open interest rose 9%, showing increased trader commitment.
- The upcoming 1 trillion token burn introduces a strong deflationary dynamic.
- After the surge, price consolidated near $0.000028 with support around $0.000026.
- A quick 2% price increase occurred at 12:30 UTC amid 75 billion tokens changing hands.
- BONK currently trades at $0.0000294, up 7.8% on the day, maintaining a bullish momentum.
Looking Ahead
With strong fundamentals backed by deflationary tokenomics, growing liquidity, and rising institutional interest, BONK appears poised to sustain its upward trajectory. Market watchers will be keen to see if it can continue to build on this momentum in the coming days.
