Bonk Coin (BONK) has witnessed a significant price surge exceeding 7% recently, fueled by aggressive accumulation from large-scale investors and heightened spot market activity. On-chain data reveals sustained buying pressure from both whale wallets and retail traders, signaling confidence in the memecoin’s upward trajectory.
CryptoQuant metrics highlight a notable increase in whale-sized futures order averages since early June, indicating renewed participation from major market players. This trend is complemented by the 90-day Spot Taker Cumulative Volume Delta showing persistent buyer dominance across spot exchanges, reinforcing bullish momentum.
While the memecoin sector remains inherently volatile, current technical indicators suggest BONK may sustain its upward trend. Analyst observations point to continued accumulation patterns potentially driving further near-term appreciation for the token.