Is BONK Coin Set for a New Peak After 81% Surge?
The post Is BONK Coin Set for a New Peak After 81% Surge? appeared on BitcoinEthereumNews.com.
Bonk (BONK), the fourth-largest meme coin by market capitalization, has surged 81.1% over the past fortnight. This rise has raised hopes that the dog-themed coin may soon reclaim its all-time high (ATH). Several factors, including exchange-traded fund hype, increased demand, and technical indicators, are fueling this optimism. Why is BONK Coin Up? BeInCrypto data showed that BONK began its rally after hitting a 2-month low on June 22. Despite brief dips, the uptrend gathered momentum earlier this month, and the Solana-based token saw consecutive pumps, boosting its value by 52.4% over the past week. Moreover, BONK’s performance outpaced the broader cryptocurrency market during the same period. Tuttle Capital Management’s recent filing to launch a 2x leveraged BONK ETF was a primary catalyst behind this surge. The post-effective amendment designates July 16 as the earliest possible launch date, pending regulatory approval. “Tuttle files amendment to go post-effective July 16. Includes 2× leveraged ETFs for Bonk, Trump, Melania, XRP & more,” an analyst posted. This fueled the bullish momentum, painting BONK’s chart green. At the time of writing, the meme coin was trading at $0.0000225, up 2.7% over the past day. BONK Price Performance. Source: BeInCrypto This rise has caught the market’s attention. The meme coin is one of the top trending cryptocurrencies on CoinGecko today. Will BONK Revisit Its Peak Price After the Latest 81.1% Rally? With the price now just 61.8% away from its ATH, speculation is growing that BONK may soon close this gap. The ETF itself could be a key factor behind this. While the initial news of the filing sparked the recent rally, the actual launch could trigger a similar response. This would likely attract new investors and improve BONK’s liquidity and price stability. Next, Bonk’s 24-hour trading volume has soared to $1.45 billion, the highest since…
Filed under: News - @ July 7, 2025 11:20 am