Why Is BONK’s Price Up by 50% Weekly?
2025-07-06 10:45:21
Main Idea
BONK's price has surged recently, competing for the fourth-largest meme coin spot, driven by factors like the Gen1 Solana Mobile device and token burns.
Key Points
1. BONK's price struggled at $0.000012 weeks ago but has since surged, now competing with TRUMP for the fourth-largest meme coin by market cap.
2. The Gen1 Solana Mobile device played a role in the price surge, with unclaimed tokens set to be returned to the DAO for future use.
3. Crypto analysts predict BONK could break a descending trendline and reach a new all-time high, surpassing its previous ATH of $0.00005825 on November 20.
4. Token burns and the utilization of the meme coin platform bonk_fun were highlighted as factors supporting BONK's price movement.
Description
TL;DR The popular meme coin skyrocketed in the past few days, gaining over 50% and shooting up to a monthly peak of over $0.000022 at one point. Although there are no clear announcements from the team that could have fueled this big surge, the crowd remains positive, and analysts believe more gains are on the horizon. BONKUSD. Source: CoinGecko It was just a few weeks ago when BONK’s price struggled at $0.000012, and hope was fading rapidly. However, the tides turned in a spectacular manner in t...
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