Bitprismia

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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📱 Full Version
$BONK
$0.000034771
-5.60%
$BTC
$118469.9
-0.65%
$DOGE
$0.21070
+2.00%