Why BONK is closer to its ATH than you might think!
Main Idea
BONK is showing strong potential for a breakout towards its all-time high (ATH) due to increasing traction, a growing holder base, and dominance in the launchpad market.
Key Points
1. BONK owns 82% of all launchpad volume and is nearing 1 million holders, indicating strong market traction.
2. Despite a recent 5.77% weekly dip, the pullback appears healthy, with the ATH still 50% away, suggesting potential for a measured run-up.
3. LetsBonk.fun commands 72% of all launchpad market share, reinforcing BONK's dominance in the memecoin ecosystem.
4. On-chain data shows realized profits haven't exceeded $100 million, indicating strong holder conviction and potential for future growth.
5. The current market structure remains bullish, with post-burn demand likely to support a push toward ATH in Q3.
Description
With traction surging, is BONK primed for a breakout toward an ATH?
Latest News
- Strategy’s $2.46B Bitcoin buy brings total holdings to 628K BTC!2025-07-30 19:07:15
- XRP’s $2.46B Open Interest flush sets stage for bullish rebound2025-07-30 17:07:43
- XDC jumps 11% as volume surges – Can it break $0.115 next?2025-07-30 15:15:25
- ‘It’s a new day’: SEC approves in-kind redemptions for spot Bitcoin, Ethereum ETFs2025-07-30 13:24:20
- MARA Holdings sees 64% growth, posts record $238.5M in Q2 revenue!2025-07-30 12:08:56