Why did the price of BONK go up?
Bonk (BONK) increased by 3.31% in the last 24 hours, outperforming the overall crypto market, which gained 0.84%. This bounce comes after a steep 43.94% drop over the past month, driven by three main factors:
- Buyback Momentum – BONK is part of a $1.4 billion trend where projects are buying back tokens to reduce supply.
- Technical Rebound – Indicators like the Relative Strength Index (RSI) suggest BONK might be recovering from being oversold.
- Meme Coin Rotation – Traders are moving their attention to undervalued meme coins like BONK as interest in others like PEPE and SHIB fades.
Deep Dive
1. Buyback Activity (Positive Sign)
Overview: BONK was highlighted in a CoinGecko report as one of the top projects planning token buybacks in 2025, part of a larger $1.4 billion industry trend. Although exact details about BONK’s buyback amounts haven’t been shared, this suggests fewer tokens will be available in the market.
Why it matters: When tokens are bought back and removed from circulation, it creates scarcity, which can increase value. This is especially important for meme coins like BONK, which has a very large supply (81.78 trillion tokens). Given BONK’s recent 57.29% drop over 90 days, this buyback trend encourages investors to buy the dip.
What to watch: Official updates confirming BONK’s buyback and token burn details will be important to track.
2. Technical Rebound Signals (Mixed Outlook)
Overview: BONK’s recent price increase aligns with technical signals showing it was oversold:
- The RSI (Relative Strength Index) is at 35.34, close to the oversold threshold.
- The MACD histogram indicates that downward momentum is slowing.
- The price stayed above a key support level at $0.00001344.
Why it matters: These signs suggest a short-term bounce is possible. However, BONK’s price is still below important moving averages (7-day average at $0.000015087 and 200-day average at $0.00002012). For a sustained recovery, BONK needs to break above the resistance level at $0.0000158.
3. Meme Coin Sector Rotation (Neutral Impact)
Overview: BONK’s sharp monthly decline (-43.94%) compared to the overall crypto market (-11.02%) positions it as a potential “contrarian” investment. According to LunarCrush data, social media interest in PEPE is higher (2.9%) than BONK (1.7%).
Why it matters: Traders often shift their focus to meme coins that have underperformed when the sector starts to recover. However, BONK’s 24-hour trading volume dropped by 61.37% compared to the previous day, showing less enthusiasm than during July’s peak volume of $1.6 billion per day.
Conclusion
BONK’s recent 24-hour gain reflects optimism around buybacks and a possible technical rebound. Still, its longer-term trend remains weak, with a 33.94% decline over 60 days and daily trading volume of $132 million, which is small compared to the overall crypto market’s $495 billion daily volume.
Key point to watch: Can BONK rise above its 7-day moving average ($0.000015087) to signal a trend change, or will the 200-day moving average ($0.00002012) continue to act as a strong resistance level?
What could affect the price of BONK?
The future price of BONK depends on the growth of its ecosystem, token burn events that reduce supply, and the unpredictable nature of meme coins.
- Token Burn Mechanics – BONK plans to burn 1 trillion tokens once it reaches 1 million holders (currently over 950,000), which could reduce supply and support price.
- BonkFun’s Market Role – BonkFun controls 64% of Solana memecoin launches, driving demand through token buybacks.
- Regulatory Risks – A lawsuit involving Solana Labs could negatively affect BONK and overall market sentiment.
In-Depth Analysis
1. Token Burn Mechanics (Potential Positive Effect)
What’s happening:
BONK will automatically destroy (burn) 1 trillion tokens—about 1.2% of the total supply—once it hits 1 million holders. As of July 2025, there are around 950,300 holders, so this milestone could be reached soon. The funds for these burns come from half of BonkFun’s revenue and gaming fees.
Why it matters:
Burning tokens reduces the total supply, which can help support or increase the token’s price if more people keep adopting BONK. However, growth in the number of holders has slowed recently, from 5.4% weekly in July to 2.1% in August (CoinMarketCap), which might delay the burn event.
2. BonkFun Ecosystem Growth (Mixed Outlook)
What’s happening:
BonkFun dominates the Solana memecoin market, accounting for 64% of new launches and generating $17 million per month used to buy back BONK tokens. The platform plans to integrate more deeply with Solana’s decentralized finance (DeFi) apps like Jupiter and Raydium by late 2025.
Why it matters:
This dominance helps create a strong network effect, encouraging more users and demand for BONK. However, 23% of users switched from a competing platform, Pump.fun, in July (CryptoNewsLand), indicating some user volatility. Also, the platform’s revenue depends heavily on the hype cycles typical of meme coins, which can be unpredictable.
3. Regulatory and Market Risks (Potential Negative Impact)
What’s happening:
A $1.5 billion lawsuit against Solana Labs and Jito Labs, connected to alleged fraud involving Pump.fun, could hurt BONK indirectly. Additionally, Bitcoin holds a dominant 58.84% share of the crypto market, and current market sentiment is cautious (Fear index at 25), limiting the upside for altcoins like BONK.
Why it matters:
BONK is vulnerable to broad market sell-offs. For example, in May, BONK’s price dropped 10.3% during a $43.2 billion meme coin sell-off (Yahoo Finance).
Conclusion
BONK’s price outlook is a balance between positive factors like the upcoming token burn and BonkFun’s strong market position, and challenges such as regulatory uncertainty and Bitcoin’s market dominance. A key question remains: Can BonkFun’s revenue-sharing model keep buybacks strong if the excitement around ETFs and meme coins fades?
What are people saying about BONK?
The Bonk (BONK) community is balancing excitement with caution, mixing meme-driven enthusiasm with developments in the Solana blockchain ecosystem. Here’s what’s trending right now:
- Token burns & grants – A planned burn of 1 trillion tokens and $50 million in grants are creating optimism about reduced supply and increased demand.
- Exchange momentum – Listings on Huobi and interest from Grayscale are improving liquidity and visibility.
- Technical tug-of-war – Traders are divided on whether BONK will break out higher or pull back around the $0.000025 price level.
Deep Dive
1. Ecosystem Grants Spark 25% Rally – Positive Signal
According to @genius_sirenBSC, BONK’s price jumped 25.7% after launching “Community Grants 2.0.” In just a few hours, 200,000 NFTs were staked, and large holders (whales) withdrew $18.75 million worth of BONK from exchanges.
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What this means: This is a bullish sign for BONK. Fewer tokens on exchanges combined with incentives for developers could reduce available supply and increase BONK’s usefulness beyond just being a meme coin.
2. 1 Trillion Token Burn at 1 Million Holders – Mixed Outlook
@johnmorganFL reports that BONK plans to burn 1 trillion tokens (about 1.2% of total supply) once the community reaches 1 million holders. Currently, there are about 950,000 holders. However, a large sell-off of 600 billion tokens by a whale in May shows potential volatility risks.
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What this means: The token burn could increase scarcity and support price, but reaching 1 million holders might be slow, and early investors selling could create downward pressure.
3. Technical Analysis Shows Bearish Signs at $0.000028 – Caution Advised
The CoinMarketCap Community notes that BONK failed to hold above $0.000028, suggesting a possible drop to $0.000026.50. Technical indicators like RSI (Relative Strength Index) at 42 and a negative MACD (Moving Average Convergence Divergence) since July 30 point to weakening momentum.
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What this means: Short-term technical signals are bearish. Traders see the $0.000025 level as critical support—if BONK falls below this, it could lead to further declines despite positive ecosystem news.
Conclusion
The outlook for BONK is mixed. On one hand, Solana’s ecosystem growth—highlighted by LetsBonk.fun capturing 55% of the memecoin market—offers promise. On the other hand, BONK’s price has dropped 44% in the past month, showing the fragility common to meme coins. The key factor to watch is the growth from 950,000 to 1 million holders. Crossing this milestone could trigger the 1 trillion token burn and test whether retail investors can absorb large sales from whales. The big question remains: can BONK’s expanding utility overcome the typical “greater fool” dynamics that often affect memecoins?
What is the latest news about BONK?
BONK is facing mixed signals—a tough market crash combined with strategic token buybacks. Here’s the latest update:
- Meme Coin Market Crash (October 16, 2025) – BONK dropped 20% during a $28 billion crash in meme coins.
- Technical Challenges (October 16, 2025) – BONK is struggling to stay above its 200-day moving average, indicating bearish pressure.
- Buyback Activity (October 17, 2025) – BONK is part of a $1.4 billion industry-wide token buyback trend.
In-Depth Analysis
1. Meme Coin Market Crash (October 16, 2025)
What happened:
BONK’s price fell 20% over two days as the meme coin market lost $28 billion. This was triggered by broader cryptocurrency sell-offs and a new 100% tariff on China announced by former President Trump. Activity on Solana and BNB Chain meme coins slowed significantly, with BONK’s daily trading volume dropping 60% compared to its July highs.
Why it matters:
This is a negative sign for BONK because meme coins are very sensitive to overall market risks and changes in liquidity. While other sectors like NFTs and ETFs bounced back more quickly, BONK’s 44% drop over the past 30 days shows that many retail investors are moving toward safer assets. (CoinMarketCap)
2. Technical Challenges (October 16, 2025)
What happened:
BONK is trading at about $0.0000141, staying below its 200-day moving average of $0.0000156 since mid-September. The Relative Strength Index (RSI) is at 42.89, which means it’s not yet oversold. Futures open interest dropped 7% this week as traders avoided risky leveraged positions.
Why it matters:
This is a neutral to negative sign for BONK. If it can’t climb back above the 200-day moving average, the price could fall further toward $0.000013, the low from July. Some analysts see a chance for a short squeeze if BONK holds above $0.000014, but the weak on-chain trading volume (down 60% month-over-month) limits the chances for a strong rebound. (Crypto.News)
3. Buyback Activity (October 17, 2025)
What happened:
BONK ranked 8th in the $1.4 billion token buyback wave in 2025, alongside projects like Hyperliquid ($645 million) and Raydium ($100 million). While the exact amount BONK spent on buybacks isn’t public, its participation suggests more mature treasury management during price drops.
Why it matters:
This is cautiously positive for BONK. Buybacks can help reduce inflationary pressure since BONK’s circulating supply is 81.7 trillion tokens. However, without clear data on token burns or growth in the number of holders (which has stayed around 950,000 since August), the overall impact is limited. (Yahoo Finance)
Conclusion
BONK is navigating a challenging environment: a fragile meme coin market, technical setbacks, and early-stage efforts to reduce supply through buybacks. While buybacks show a long-term plan, short-term recovery depends on BONK reclaiming the $0.0000156 level and the meme coin market stabilizing.
Keep an eye on this week: Will BONK’s validator partnerships and token burn strategies help balance out Bitcoin’s growing dominance, which has reached 58.84%?
What is expected in the development of BONK?
Bonk’s roadmap centers on reducing token supply and growing its ecosystem:
- 1 Trillion Token Burn (Coming Soon) – Automatic token reduction once 1 million holders are reached
- Solana DeFi Partnerships (Q4 2025) – Closer collaboration with Solana platforms like Jupiter and Raydium
- BonkFun Growth (Ongoing) – A leading launchpad that supports token buybacks
In-Depth Look
1. 1 Trillion Token Burn (Coming Soon)
What’s Happening:
Bonk plans to burn 1 trillion tokens, which is about 1.2% of the tokens currently in circulation, once the community hits 1 million holders (CoinMarketCap Community Post). As of July 2025, there were around 950,300 holders, so this milestone could be reached soon if growth continues.
Why It Matters:
Burning tokens reduces the total supply, which can increase the value of remaining tokens if demand stays strong. Daily active users grew 37% year-over-year in Q3 2025, showing rising interest. However, the pace of new holders slowed in August, so the timing of the burn is a bit uncertain.
2. Solana DeFi Partnerships (Q4 2025)
What’s Happening:
BonkFun, which supports over half of Solana’s memecoin launches, is planning to work more closely with major Solana decentralized finance (DeFi) platforms like Jupiter (a platform that helps users find the best token prices) and Raydium (an automated market maker that facilitates trading).
Why It Matters:
This could strengthen Bonk’s position by making it easier to trade and use tokens across different platforms. However, some users switched from a competitor platform called Pump.fun recently, showing that users might move if better options appear.
3. BonkFun Growth (Ongoing)
What’s Happening:
BonkFun generates about $17 million per month by using half of its fees to buy back and burn BONK tokens. The team is also working on adding game-like features and expanding how the token can be used, though details are still under wraps.
Why It Matters:
Regular buybacks help reduce inflation and support token value. But since BonkFun’s revenue depends heavily on the price of Solana’s native token (SOL), a 20% drop in SOL price in September 2025 led to a 34% decrease in BonkFun activity, showing some risk.
Conclusion
Bonk’s short-term success depends on reducing token supply through holder-driven burns and the health of Solana’s DeFi ecosystem. For long-term growth, Bonk needs to move beyond just being a meme coin and build more stable uses. With Bitcoin dominating 59% of the crypto market and altcoin interest being fragile, it will be interesting to see how Bonk’s burn strategy fits into the bigger market trends.
What updates are there in the BONK code base?
Bonk’s recent code updates focus on improving tools for the ecosystem and the system that manages rewards.
- Locked Wallet Snapshots (October 12, 2025) – Weekly JSON files now track how long BONK tokens are locked to determine eligibility for airdrops.
- BonkSwap AMM Integration (August 6, 2025) – An updated TypeScript software development kit (SDK) makes it easier to work with BonkSwap’s liquidity pools.
Deep Dive
1. Locked Wallet Snapshots (October 12, 2025)
Overview: Every week, new JSON snapshot files record wallets that lock BONK tokens for 1, 3, or 6 months. The system counts only unique lock periods per wallet to avoid duplicates (for example, two 3-month locks don’t count as one 6-month lock). These snapshots use precise timestamps and are saved with filenames like locked_wallets_unique_<timestamp>_duration.json.
What this means: This update doesn’t change BONK’s rewards system but helps ensure fair airdrop distribution to holders who lock their tokens long-term. This could encourage holders to keep their tokens locked, which might reduce selling pressure.
(Source)
2. BonkSwap AMM Integration (August 6, 2025)
Overview: The TypeScript SDK has been improved to make it simpler for developers to connect their apps with BonkSwap’s liquidity pools.
The update includes ready-made functions for creating pools, calculating fees, and managing slippage (the difference between expected and actual trade prices). Now, developers can set up BONK-focused automated market makers (AMMs) with less than 50 lines of code, compared to about 200 lines before.
What this means: This is a positive development for BONK because easier integration can attract more decentralized finance (DeFi) projects to build on its platform. More projects mean more use cases and liquidity, which often leads to greater adoption of the protocol.
(Source)
Conclusion
Bonk’s recent updates focus on maintaining the rewards system and making it easier for developers to build DeFi tools. While these changes aren’t groundbreaking, they show ongoing support for the ecosystem. The question remains: will better developer tools help BONK move from being a meme coin with volatile price swings to a more stable, utility-driven project?