BONK Surges Ahead of Bitcoin and DOGE – What’s Bonk.fun Cooking?

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Key Takeaways

Lo and behold! BONK’s jaw-dropping 70% rally dances hand in hand with Bonk.fun’s gallant fee surge and token buybacks. Who knows? Maybe long-term faith and exchange outflows will catapult this Solana meme past its April plateau! 🎉

Ah, Bonk [BONK]—a name as delightful as a mouthful of candy and as sweet as victory over the giants like Bitcoin and Dogecoin. In the illustrious span of ten suns, it has ascended like a phoenix with a 70% price flap. 🦅

So, what sorcery is propelling this meme coin from Solana land—and can it keep its shiny facade intact?

Why is the BONK price rising?

This impressive leap was possibly coaxed by a fresh breeze of optimism sweeping through the markets, a daring escape from the shadow of a descending trendline, and – hold your horses – the dazzling rocket ride of the Bonk.fun launchpad.

Over the past week, it boasted six glorious days with fees exceeding $1 million, peaking at a staggering $1.27 million on July 11th, as revealed by the wise sages at DeFiLlama. In a mere week, the platform conjured up a total of $7.93 million! 💰

According to a “crypto expert” (or maybe just a really good guesser), an impressive 58% of these fees are earmarked for buying back BONK—feeding a steady appetite as many traders seem oblivious to this hidden goldmine on the horizon.

This is not Bonk.fun’s first stirring of the pot.

Just days ago, AMBCrypto shared talent that Bonk.fun had overshadowed Pump.fun in daily revenue, launch volumes, and deployments on the Solana canvas. 🎨

At that moment, Bonk.fun proudly claimed a whopping 61% slice of the total 24-hour launchpad revenue—boldly establishing its dominance.

Yet, this meteoric rise has nudged the memecoin into a precarious dance with a resistance level notorious for its historical reversals, bringing forth whispers of a potential price plunge. 😱

BONK retests resistance with caution in the air

As we speak, BONK is chillin’ around $0.00002508, effortlessly scaling over 13% in just 24 hours and racking up a whopping 160% spike in trading volume. What an overachiever! 🤩

This audacious price gain has even left heavyweights like Bitcoin [BTC] and Dogecoin [DOGE] scratching their heads. 🐾

Unsurprisingly, this surge has brought BONK back to a familiar battleground—the $0.00002626 resistance level where it previously bucked and dashed after soaring past a descending trendline when last we caught sight of it in April 2025.

Here we are again, with history poised on the edge: Will we see a repeat performance, or will BONK summon the strength to pierce the resistance veil this time? 🎭

In this uncertain market climate, should the winds of momentum continue to blow favorably, it may not be outrageous to dream about BONK shattering this resistance, potentially soaring by another 37% to touch the illustrious $0.0000364 level. However, if it falters, we may witness history repeating itself in a not-so-glamorous price drop. ⏳

As of now, BONK is gliding above the 200-day Exponential Moving Average (EMA), signaling an upward journey—grab your popcorn! 🍿

Meanwhile, the Relative Strength Index (RSI) rests at 70, suggesting we’ve entered the hot zone of overbought territory. This could lead to a minor hiccup in price if the buying excitement fizzles out.

$1.90M tokens leave exchanges

According to the all-knowing CoinGlass, exchanges across the crypto teeming jungles have seen an outflow of over $1.88 million worth of BONK—signaling ravenous accumulation among wise buyers.

Such outflows point to strong buying pressure from zealous investors and loyal long-term holders, which appears as a glimmering bullish beacon for BONK enthusiasts. 🌟

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2025-07-14 04:12