Why did the price of BONK go up?
Bonk (BONK) increased by 2.37% in the last 24 hours, outperforming the overall crypto market, which rose by 0.85%. Here are the main reasons behind this move:
- Technical Breakout – Buyers defended an important price level, creating a possible double-bottom pattern that often signals a price rebound (Crypto.news).
- Derivatives Momentum – The amount of open futures contracts jumped 10.46% to $27.24 million, showing traders are confident about price gains (CoinGape).
- ETF Speculation – Tuttle Capital’s application for a 2x leveraged BONK ETF added credibility among institutional investors.
Deep Dive
1. Technical Reversal Signals (Positive Outlook)
Overview: BONK has bounced twice from the $0.00001838 to $0.00001992 support range since late September, forming a potential double-bottom pattern. If the price breaks above $0.00002057 (current price: $0.0000204), it could confirm this bullish setup.
What this means: This pattern usually signals that selling pressure is weakening and buyers are stepping in, which often leads to price increases. Indicators like RSI (53.24) and MACD also suggest a shift toward positive momentum.
What to watch: Look for the price to close above $0.00002057 with daily trading volume over $500 million to confirm the reversal.
2. Derivatives & ETF Buzz (Mixed Signals)
Overview: BONK’s futures open interest rose by 10.46% to $27.24 million in 24 hours, while Tuttle Capital’s ETF filing (potential launch date: July 16, 2025) has sparked speculative buying.
What this means: Increasing open interest along with rising prices often indicates new money entering the market and traders betting on further gains. However, ETF approval is not guaranteed, and meme coins like BONK can be volatile, especially around news events.
3. Strength from the Solana Ecosystem (Positive Influence)
Overview: BONK benefits from the recent growth of the Solana network, where SOL token rose 5.5% in 24 hours. Activity from meme coins is driving network fees and decentralized exchange (DEX) trading volumes.
What this means: As Solana’s main meme token, BONK tends to follow the overall health of the Solana ecosystem. New projects like Bonk Arena (a kill-to-earn game) and LetsBonk.fun (which holds 55% of the market share in Solana meme coin launches) add to BONK’s real-world use cases.
Conclusion
BONK’s recent price increase is driven by positive technical signals, growing interest in derivatives, and the strength of the Solana network. While the double-bottom pattern and ETF news offer short-term optimism, meme coins remain sensitive to changes in market sentiment. Key point to watch: Can BONK stay above $0.00002057 with strong trading volume to confirm this bullish reversal?
What could affect the price of BONK?
BONK’s price depends on the growth of its ecosystem, token burns, and the ups and downs of meme coins.
- Ecosystem-Driven Burns – BonkFun shares revenue to buy back and burn BONK tokens.
- Holder Milestone – A big 1 trillion token burn will happen when BONK reaches 1 million holders (currently about 950,000).
- Market Sensitivity – BONK faces risks from meme coin market swings but benefits from Solana’s overall growth.
Deep Dive
1. Ecosystem Growth & Token Burns (Positive for Price)
Overview:
BonkFun, BONK’s main launchpad, leads the way with 55% of all Solana memecoin launches. It uses half of its roughly $17 million monthly fees to buy back and burn BONK tokens. When BONK hits 1 million holders, a 1 trillion token burn (about 1.2% of total supply) will occur, likely by late October 2025 based on current trends (CoinMarketCap).
What this means:
Burning tokens reduces supply, which can help increase BONK’s price despite its large circulating supply of 81.4 trillion tokens. In the past, similar burns in July 2025 led to a 60% price jump. However, slower growth in new holders (2.1% weekly in August vs. 5.4% in July) might delay this positive effect.
2. Solana’s Memecoin Competition (Mixed Effects)
Overview:
BONK competes with other Solana-based meme coins like Fartcoin and TrumpCoin, which together saw $258 billion in trading volume in the second quarter of 2025. BONK’s early start and over 400 integrations—such as the “kill-to-earn” game Bonk Arena—give it real use cases. Still, the meme coin market is volatile, with sudden sell-offs causing daily price drops of 10–20% (MEXC News).
What this means:
BONK benefits from Solana’s strong position (Solana’s revenue was $1.6 billion in the first half of 2025) but is vulnerable to meme coin market swings. For example, when Fartcoin crashed in May 2025, BONK lost 40% of its gains within two days.
3. Technical & Market Sentiment (Neutral Outlook)
Overview:
BONK’s price is holding support between $0.000018 and $0.000020, with a possible double-bottom pattern that could push it up to $0.000040 if it breaks resistance at $0.000025. However, technical indicators like RSI (47.19) and MACD suggest weak momentum. Also, $63.9 million in derivatives open interest points to some leveraged trading activity (Crypto.news).
What this means:
If BONK’s price moves above its 30-day simple moving average ($0.0000219), it could stabilize. Still, Bitcoin’s dominance in the market (58.3%) and shifts in liquidity driven by ETFs may put pressure on altcoins like BONK.
Conclusion
BONK’s future price depends on balancing token burns with the unpredictable meme coin market. The upcoming 1 million holder token burn and BonkFun’s strong position are key positive factors. However, risks remain if overall market sentiment turns cautious. A key question is: Will BonkFun’s monthly revenue keep buybacks strong if Solana’s decentralized exchange trading falls below $1 billion?
What are people saying about BONK?
The BONK community is buzzing with excitement, fueled by memes and closely watching token burns and big investor moves. Here’s what’s happening right now:
- Ecosystem grants and NFT staking are driving positive momentum
- A massive 1 trillion token burn is sparking debates about supply shortages
- Smart investors are buying while whales are selling, creating mixed signals
Deep Dive
1. Community Grants 2.0 Boost Adoption 🚀 (Source: @genius_sirenBSC)
BONK launched a $50 million grants program that led to a 60% increase in project proposals. Plus, 200,000 NFTs were staked just hours after the launch.
Why it matters: This is a positive sign for BONK because these incentives encourage developers to build on the platform and keep tokens locked up, which can help the ecosystem grow. However, long-term success depends on continued developer involvement.
2. 1 Trillion Token Burn Nears 1 Million Holders 🔥 (Source: CoinMarketCap Community)
BONK is close to reaching 1 million holders, but a large sale of 59.77 billion tokens on August 2 caused the price to drop by 5%, despite ongoing token burns.
Why it matters: This is a mixed signal. Token burns reduce the number of tokens available, which can help support the price over time. But the token still needs to attract more holders (about 49,000 more) to maintain momentum, especially as big holders (whales) sell off.
3. Smart Money vs. Whales: Who’s Winning? 🐋 vs 🦈 (Source: CoinMarketCap Analysis)
In the past 30 days, smart investors have increased their BONK holdings by 317%, while whales sold off 110 billion tokens.
Why it matters: This is a bearish sign in the short term because whale selling puts downward pressure on the price. However, the buying activity from smart investors could signal a potential rebound if the price holds above $0.000023.
Conclusion
The outlook for BONK is mixed. On one hand, the ecosystem is growing with projects like Bonk Arena gaming and LetsBonk.fun, which accounts for 55% of Solana meme coin launches. On the other hand, the token’s price remains vulnerable to large sell-offs and broader market trends, especially Bitcoin’s influence. Keep an eye on the holder count approaching 1 million—reaching this milestone could trigger the largest token burn in BONK’s history and test the long-term strength of this meme coin.
What is the latest news about BONK?
BONK is showing signs of a technical rebound, while moves by big investors are creating cautious optimism. Here’s a quick look at what’s influencing this memecoin:
- Bullish Pattern Emerges (October 3, 2025) – A double bottom pattern suggests a possible trend reversal if key price levels hold.
- ETF Speculation Grows (October 1, 2025) – Trading activity spikes amid rumors of a leveraged ETF.
- Corporate Treasury Investment (October 3, 2025) – Sharps Technology’s $100 million buyback aims to support the Solana ecosystem.
In-Depth Analysis
1. Bullish Double Bottom Pattern (October 3, 2025)
What happened:
BONK’s price bounced off a key support level near $0.0000199 twice in early October, forming what’s called a double bottom—a pattern that often signals a potential price reversal. Analysts say that if BONK can rise above $0.0000209 (a volume-weighted price level known as the "point of control") and then break through $0.0000225, it could trigger a rally that doubles the price. However, the current low buying volume might delay this confirmation.
Why it matters:
This pattern is a cautiously positive sign for BONK, as it often precedes upward trends. But the price needs steady buying interest to push past resistance levels. If it fails, the price might drop back to around $0.000019. (Crypto.news)
2. ETF Speculation Drives Trading Activity (October 1, 2025)
What happened:
On October 1, BONK’s open interest—the total value of outstanding derivative contracts—increased by over 10% to $27.24 million. This jump was linked to rumors that Tuttle Capital might file for a 2x leveraged ETF based on BONK. A technical indicator called the TD Sequential also gave a buy signal around this time. However, the U.S. Securities and Exchange Commission (SEC) has not yet approved any such ETF.
Why it matters:
This shows traders are optimistic but also taking risks. If the ETF application is rejected or delayed, it could lead to forced selling (liquidations). The rise in open interest during a period of price consolidation suggests traders are betting on increased price swings. (Coingape)
3. Sharps Technology’s $100M Buyback Supports BONK (October 3, 2025)
What happened:
Sharps Technology announced a $100 million stock buyback to grow its holdings in the Solana ecosystem, including BONK. They plan to stake BONK tokens through BonkSOL to earn rewards, which could reduce the number of tokens being sold on the market. At the same time, the Solana Staking ETF (SSK) reached a record $382 million in assets under management, improving BONK’s liquidity.
Why it matters:
This move by a major company could help stabilize BONK’s price over time by locking up supply. However, memecoins like BONK are still known for their price swings and volatility. (Coingape)
Conclusion
BONK’s short-term outlook is a mix of hopeful technical signals and the unpredictable nature of memecoin markets. Key things to watch include a confirmed breakout above $0.0000225 and continued inflows into the SSK ETF. Will institutional moves like Sharps Technology’s buyback balance out the risks from retail traders using leverage? Only time will tell.
What is expected in the development of BONK?
Bonk’s development is moving forward with these key milestones:
- 1 Trillion Token Burn (Q3 2025) – An automatic burn will happen once Bonk reaches 1 million holders.
- BonkFun DeFi Integrations (Q4 2025) – Stronger connections with Solana-based finance platforms like Jupiter and Raydium.
- Bonk Arena Team Battles (Second Half of 2025) – New game modes and NFT weapons to increase player engagement.
In-Depth Look
1. 1 Trillion Token Burn (Q3 2025)
What’s Happening:
Bonk plans to burn 1 trillion tokens, which is about 1.2% of the tokens currently available, once it hits 1 million holders. This was shared in a CoinMarketCap community post. As of July 2025, Bonk had around 950,300 holders, so this goal is within reach. The burn is meant to reduce the number of tokens in circulation as demand grows. Daily active users have increased by 37% compared to last year.
Why It Matters:
Burning tokens can help support the token’s price by making tokens scarcer if more people keep adopting Bonk. However, the growth in new holders slowed down in August, which adds some uncertainty about when the burn will happen.
2. BonkFun DeFi Integrations (Q4 2025)
What’s Happening:
BonkFun, which is behind 55% of new Solana memecoin launches, plans to deepen its partnerships with decentralized finance (DeFi) platforms like Jupiter and Raydium. BonkFun generates about $17 million per month by using a 50% fee to buy back and burn BONK tokens, according to CoinMarketCap.
Why It Matters:
This strengthens Bonk’s position in the Solana ecosystem, which is a positive sign. However, there is some risk because 23% of users moved from another platform, Pump.fun, in July, showing that users can switch platforms easily.
3. Bonk Arena Team Battles (Second Half of 2025)
What’s Happening:
Bonk Arena, a “kill-to-earn” game, will add team battles and NFT weapons later in 2025, as announced by developer Bravo Ready. Half of the game’s revenue will continue to support BONK token burns, linking the game’s success directly to the token’s value (CoinMarketCap).
Why It Matters:
If more players join, this could boost demand for BONK by combining gaming with token use. Still, memecoin prices can be very volatile, and big moves in Bitcoin’s price might overshadow these updates.
Conclusion
Bonk’s roadmap focuses on reducing token supply through burns, expanding its ecosystem with BonkFun, and adding gaming features with Bonk Arena. These steps could increase demand, but success depends on growing the number of holders, keeping users engaged, and the overall health of the crypto market.
Will BONK’s token burns and Solana partnerships be enough to overcome the challenges in the meme coin space?
What updates are there in the BONK code base?
I wasn’t able to find useful information to answer this question right now. The CoinMarketCap team is continuously updating my crypto knowledge, so if any important details become available, I should have them soon. In the meantime, please feel free to choose another question or coin for analysis.