The post BONK: Will rising whale interest help the memecoin rise 22%? appeared on BitcoinEthereumNews.com.

Popular Solana-based meme coin Bonk [BONK] appeared poised for a massive upside move as it approached a bullish breakout. Meanwhile, the top 100 wallet addresses and whales continued to accumulate the token, suggesting that large players are preparing for BONK’s potential rally. At press time, BONK jumped over 4.5% in the past 24 hours, trading at $0.00000594. Alongside the price increase, the memecoin’s trading volume climbed more than 19% to $60.61 million during the same period. This surge in trading volume, combined with rising prices, indicated that market participants were showing strong interest in the current trend, increasing the likelihood of a continued move upward. Whale and top wallet holdings continue to rise Data from the analytics platform Nansen revealed that BONK’s top 100 wallet addresses and whales have shown strong interest in the memecoin. Over the past seven trading days, the top 100 BONK wallet addresses have increased their holdings by 0.63%, while whale holdings have jumped by 6.07% during the same period. This growing interest from major crypto players suggests that large investors may be preparing for BONK’s next leg up. Source: Nansen BONK: Major levels to watch  Looking at BONK’s daily chart, AMBCrypto found that the memecoin had formed a bullish falling wedge pattern and was on the verge of a breakout. Historically, such patterns often lead to a strong upside rally once the breakout is confirmed with a candle closing above the pattern. Source: TradingView Based on the current price action, if BONK’s upside move continues and it closes a daily candle above the $0.0000061 level, it could see a price jump of over 22%, potentially reaching $0.00000745. However, if the price fails to break the pattern, it could continue to move sideways. As of now, the Average Directional Index (ADX), an indicator that measures trend…

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Filed under: News - @ March 11, 2026 12:24 am