Why BONK is closer to its ATH than you might think!

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.