BONK outpaces Bitcoin, DOGE – What’s Bonk.fun got to do with it?
2025-07-14 01:05:58
Main Idea
BONK, a Solana-based meme coin, has surged 70% in price, outpacing Bitcoin and Dogecoin, driven by Bonk.fun's fee growth and token buybacks, but faces resistance at $0.00002626.
Key Points
1. BONK's price jumped 70% over 10 sessions, outperforming Bitcoin and Dogecoin, potentially fueled by Bonk.fun's fee surge and token buybacks.
2. Bonk.fun generated $7.93 million in fees over seven days, with 58% used to buy back BONK, creating steady demand.
3. BONK is retesting a key resistance level at $0.00002508, with potential to reach $0.0000364 if it breaks through, but risks a correction if momentum weakens.
4. Exchange outflows of $1.88 million worth of BONK suggest accumulation, a bullish sign for the meme coin.
5. BONK's RSI at 70 indicates potential short-term overbought conditions, which could lead to a price correction.
Description
Will BONK flip $0.00002626 or retreat again like in April?
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