Why did the price of BONK go up?

Bonk (BONK) increased by 2.3% in the last 24 hours, even though it has dropped 27% over the past month. The main reasons for this include:

1. Technical Rebound – The price stabilized near an important support level at $0.00001054 after several weeks of decline.
2. Ecosystem Growth – Partnerships with validators and success in the meme coin launchpad space boosted confidence in Bonk.
3. Market-Wide Boost – Bitcoin’s 1.5% rise following recent inflation data helped lift many altcoins, although BONK didn’t gain as much.

Deep Dive

1. Technical Stabilization (Neutral Impact)

Bonk’s price bounced back from a key support point at $0.00001054, which matches a common technical level known as the 0.618 Fibonacci retracement. The Relative Strength Index (RSI) reading between 39 and 42 suggests the token is oversold on daily charts, meaning it might attract short-term buyers. However, trading volume dropped by 18% compared to the previous day ($151 million vs. $190 million), indicating weak buying momentum.

What this means: The price rebound shows some short-term relief, but the low trading volume raises questions about how long this recovery will last. If the price falls below $0.00001054, it could drop another 10–15%.

2. Solana Ecosystem Developments (Bullish Impact)

Bonk’s partnership with Nasdaq-listed DeFi Development Corp as a validator (since May 2025) strengthens its position in the Solana blockchain network. Also, BonkFun, Bonk’s meme coin launchpad, has overtaken Pump.fun in daily revenue, increasing demand for BONK tokens, which are used to create new coins.

What to watch: Keep an eye on BonkFun’s market share (currently 51% as of July 2025) and any updates on validator revenue sharing.

3. Institutional Accumulation (Mixed Impact)

Publicly traded Bonk, Inc. (formerly Safety Shot) now owns about 2.7% of BONK’s total supply (around $63 million) and aims to increase this to 5% by the end of the year. This reduces selling pressure but also raises concerns about centralization.

What this means: Large holders can help stabilize prices, but concentrated ownership might worry those who value decentralization.

Conclusion

Bonk’s recent 24-hour price increase is driven by oversold technical conditions, growth within the Solana ecosystem, and strategic buying by institutions. However, weak trading volume and underperformance compared to other altcoins suggest caution.

Key watch: Will Bonk hold above the $0.0000148 resistance level, or will weakening momentum push the price down again?

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What could affect the price of BONK?

BONK is caught between the unpredictable swings of meme coins and efforts within its community to reduce supply and increase value.

1. Token Burns & Growing Holders – When BONK reaches 1 million holders (currently at 950,000), 1 trillion tokens will be burned, cutting supply by about 1.2%.
2. BonkFun’s Role – BonkFun controls 55% of new Solana meme coin launches and drives $17 million in monthly BONK buybacks.
3. Bitcoin’s Market Influence – Bitcoin dominates 59.2% of the crypto market, making it harder for altcoins like BONK to gain traction.

In-Depth Look

1. Token Burns and Holder Growth (Positive for BONK)

BONK has a built-in feature that will automatically burn (destroy) 1 trillion tokens—roughly 1.2% of the total supply—once the number of holders hits 1 million. Right now, BONK has about 950,000 holders, and if growth continues, this milestone could be reached by late October 2025 (source). Past burns, like the 500 billion tokens burned in July, caused price jumps of 6–8%, but these gains were often followed by profit-taking.

What this means:
Reducing the number of tokens available (burning) can help increase the price if demand stays strong. However, the timing depends on how quickly new holders join. Currently, holder growth is about 2.1% per week, down from 5.4% in July. History shows that burning tokens alone doesn’t guarantee sustained price increases without more people using or adopting BONK.

2. BonkFun’s Influence vs. Other Meme Coins (Mixed Effects)

BonkFun is a platform that now accounts for 55% of new meme coin launches on the Solana blockchain. It generates about $17 million a month by buying back BONK tokens, funded by a 50% fee on transactions. However, in July, 23% of users left BonkFun for a competitor called Pump.fun, highlighting the risk of users switching platforms (source).

What this means:
BonkFun’s dominance helps increase BONK’s usefulness and demand, but the platform faces competition. If BonkFun’s monthly revenue (currently $540 million) slows down, the amount of BONK bought back could decrease, reducing support for the token’s price.

3. Bitcoin’s Market Power and Its Impact on BONK (Potential Downside)

Altcoins like BONK tend to follow Bitcoin’s price movements closely. Bitcoin currently holds 59.2% of the total cryptocurrency market, up from 57.7% in September. The Altcoin Season Index, which measures how well altcoins are performing compared to Bitcoin, is at 24 out of 100, indicating a strong “Bitcoin Season” (source). This means investors are favoring Bitcoin over altcoins right now.

What this means:
If Bitcoin’s price drops below $110,000, BONK could see bigger losses, especially since meme coins are experiencing high volatility not seen in the last 94 days.

Conclusion

BONK’s future price depends on whether token burns and BonkFun’s growing adoption can balance out the influence of Bitcoin’s market dominance. In the short term, watch for BONK reaching 1 million holders and the support level around $0.00001054. Over the long term, growth in Solana’s decentralized finance (DeFi) ecosystem and interest from institutional investors—like Tuttle Capital’s proposed 2x leveraged BONK product—could boost momentum.

Key question: Can BonkFun keep generating $15 million or more in monthly buybacks if Bitcoin continues to control over 57% of the market?

What are people saying about BONK?

The BONK community is experiencing a wave of excitement driven by token burns, ETF rumors, and meme-inspired price swings. Here’s the latest:

1. Token burns and grants are creating hopes for reduced supply
2. Rumors about Grayscale’s watchlist are sparking ETF speculation
3. Whale activity is causing price changes of 5-7%
4. The Bonk Arena game is adding real-world use cases

In-Depth Look

1. Community Grants 2.0 Fuel Rally

According to @genius_sirenBSC, BONK’s price jumped 25.7% after launching a $50 million grants program, getting listed on Huobi, and staking 200,000 NFTs.
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What this means: This is a positive sign for BONK. Incentives like grants encourage developers to build on the platform, while staking reduces the number of tokens available for trading, which can help support the price.

2. Grayscale Watchlist Sparks ETF Buzz

@CoinMarketCap reported that BONK was added to Grayscale’s watchlist, with derivatives open interest rising 36% to $45.9 million.
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What this means: This is somewhat positive. Being on Grayscale’s radar could attract institutional investors. However, since ETF approval is not confirmed, there’s a risk that excitement could fade once the news is clarified, leading to price drops.

3. Whale Moves Cause Price Swings

@bonk_inu noted that 510 billion BONK tokens (worth about $18.75 million) were moved to Binance and Coinbase after a rally, causing a 6.34% price drop.
See original post
What this means: This is a short-term negative sign. Large transfers to exchanges often mean whales are selling to take profits. Still, some investors see these dips as chances to buy before a planned burn of 1 trillion tokens.

4. Bonk Arena Game Gains Traction

@BravoReady shared that over 200,000 players joined Bonk Arena within 48 hours, with half of the game’s revenue going toward burning BONK tokens.
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What this means: This is a positive long-term development. The game adds real use for BONK tokens and helps maintain token burns. However, its success depends on keeping players engaged beyond the initial hype.

Conclusion

Opinions on BONK are mixed. While new ecosystem features and institutional interest offer support, the token’s price remains volatile due to meme-driven swings and large whale actions. The recent sale of nearly 60 billion tokens on August 2 highlights ongoing risks. Keep an eye on the $0.000025 support level—if the price falls below this, it could trigger further sell-offs. Holding above this level might restart the countdown to the big "1 million holders = 1 trillion token burn" event.

What is the latest news about BONK?

Bonk (BONK) is balancing between growing its ecosystem and the challenges common to meme coins. Here’s the latest update:

1. Market Weakness (October 24, 2025) – Altcoins like BONK are falling behind Bitcoin, even though market optimism rose after new inflation data.
2. ETF Filings Increase (October 22, 2025) – BONK is part of over 150 crypto ETF applications, currently waiting for approval from the U.S. Securities and Exchange Commission (SEC).
3. Technical Challenges (October 23, 2025) – Low trading activity and unsuccessful price rallies suggest sellers are in control.

In-Depth Look

1. Market Weakness (October 24, 2025)

Summary:
BONK’s price dropped by 50% over three months, even as Bitcoin climbed to $110,000. The overall altcoin market is weak, with CoinMarketCap’s altcoin season index at a 90-day low of 24 out of 100. Bitcoin’s market share increased to 59%, showing investors prefer safer assets right now.

What this means:
Investors are cautious about riskier assets like BONK, especially as meme coins face sell-offs. Lower demand from everyday buyers and competition from new Solana-based meme coins, like Fartcoin, add to the pressure. (CoinDesk)

2. ETF Filings Increase (October 22, 2025)

Summary:
According to Bloomberg analyst Eric Balchunas, BONK is included in more than 150 crypto ETF applications. Two of these specifically focus on BONK. However, the SEC’s review process is delayed due to a U.S. government shutdown.

What this means:
Interest in ETFs shows growing institutional attention toward BONK. Approval would help legitimize the coin and could bring in more investment. Still, meme coins like BONK face more regulatory scrutiny compared to bigger cryptocurrencies like Bitcoin or Ethereum. (U.Today)

3. Technical Challenges (October 23, 2025)

Summary:
BONK’s price is trading between $0.0000135 and $0.0000145, with trading volume dropping and attempts to rise above $0.00001879 failing. Analysts warn the price might test a lower support level at $0.00001054 unless buying interest picks up.

What this means:
Low trading volume indicates a quiet market dominated by sellers. If the price falls below $0.00001054, it could trigger panic selling. On the other hand, if BONK closes above $0.0000145 consistently, it might show that buyers are stepping in. (Crypto.news)

Conclusion

BONK is facing challenges from Bitcoin’s strong market position, technical hurdles, and the fragile nature of meme coins. However, the potential approval of ETFs and growth in the Solana network could offer opportunities. The big question remains: will SEC approvals spark renewed interest in BONK, or will it continue to struggle in Bitcoin’s shadow?

What is expected in the development of BONK?

Bonk’s roadmap centers on improving token value, growing its ecosystem, and expanding gaming features.

1. 1 Trillion Token Burn (Coming Soon) – This will happen when the number of Bonk holders reaches 1 million (currently 950,300 as of July 2025).
2. BonkFun DeFi Integrations (Q4 2025) – Stronger connections with Solana blockchain finance platforms like Jupiter.
3. Bonk Arena Team Battles (Q4 2025) – New multiplayer game modes and NFT-based weapons.

In-Depth Look

1. 1 Trillion Token Burn (Coming Soon)

What’s Happening:
Bonk will automatically destroy 1 trillion tokens, which is about 1.2% of all tokens currently in use, once it reaches 1 million holders. As of late July 2025, there were 950,300 holders (CoinMarketCap). Growth has slowed recently, which might delay this milestone a bit.

Why It Matters:
This is a positive sign for BONK because burning tokens reduces supply, which can increase value if demand keeps growing (daily active users are up 37% compared to last year). But if fewer people join or the overall crypto market becomes unstable, the impact might be smaller.

2. BonkFun DeFi Integrations (Q4 2025)

What’s Happening:
BonkFun, which is behind 55% of new Solana-based memecoins, plans to work more closely with Solana’s decentralized finance (DeFi) platforms like Jupiter and Raydium. BonkFun currently generates about $17 million per month by buying back and burning BONK tokens through its fee system (CoinMarketCap).

Why It Matters:
This is somewhat positive. Being a major player strengthens Bonk’s network, but there are risks since some users have switched platforms recently (23% moved from Pump.fun in July). Success depends on keeping users engaged and the overall growth of Solana’s DeFi ecosystem.

3. Bonk Arena Team Battles (Q4 2025)

What’s Happening:
The “kill-to-earn” game will add team battles and NFT weapons, according to developer Bravo Ready. Half of the game’s revenue will continue to support BONK token burns, linking gameplay with token value (CoinMarketCap).

Why It Matters:
This is a good sign if more players join, as it connects gaming activity directly to reducing token supply. However, the memecoin market is very volatile, and if Bitcoin’s dominance increases, it could limit BONK’s gains.

Conclusion

Bonk’s roadmap aims to balance reducing token supply, expanding its ecosystem, and adding gaming features. The upcoming 1 million holder token burn and BonkFun’s growth are key short-term drivers, while updates to Bonk Arena look to keep users engaged.

Will BONK’s deflationary approach outperform the ups and downs of the memecoin market?

What updates are there in the BONK code base?

Bonk’s recent updates focus on improving tools for the community and refining how rewards are handled.

1. Locked Wallet Snapshots (October 12, 2025) – Weekly reports track wallets that lock BONK tokens to qualify for rewards and airdrops.
2. BonkSwap AMM Integration (August 6, 2025) – Improvements to BonkSwap’s trading system help reduce costs and make trading smoother on Solana-based decentralized exchanges (DEXs).

Deep Dive

1. Locked Wallet Snapshots (October 12, 2025)

What’s happening: Every week, the system takes a snapshot of wallets that have locked BONK tokens for 1, 3, or 6 months. This helps manage rewards and voting rights more efficiently.

The data is saved in JSON files named like locked_wallets_unique_<timestamp>_duration.json. These files make sure each wallet is counted only once per lock duration, even if it has multiple locks. For example, if a wallet has two 3-month locks, it’s recorded just once under the 3-month category. This helps with targeted rewards and keeps things transparent for BONK holders.

Why it matters: This update doesn’t add new features but organizes existing staking processes better. Clearer tracking of rewards can help keep long-term holders confident in the project.
(Source)

2. BonkSwap AMM Integration (August 6, 2025)

What’s happening: BonkSwap, the platform where people trade BONK tokens, improved its automated market maker (AMM). This system now reduces the price impact (slippage) on large trades and adjusts fees based on trade size and liquidity.

BonkSwap is currently the second-largest decentralized exchange on Solana, handling up to $402 million in daily trading volume at its peak.

Why it matters: These improvements make trading cheaper and more efficient, which could attract more users. More trading means more revenue for the platform, half of which is used to buy back BONK tokens, potentially supporting the token’s value.
(Source)

Conclusion

Bonk’s latest updates focus on strengthening the foundation of its ecosystem rather than launching flashy new features. This steady progress supports its goal of building lasting value on the Solana network. Looking ahead, deeper integration with decentralized finance (DeFi) services like lending and borrowing could expand BONK’s role beyond just meme-based trading.