{"id":4955,"date":"2025-04-29T11:35:00","date_gmt":"2025-04-29T10:35:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=4955"},"modified":"2025-04-29T11:18:01","modified_gmt":"2025-04-29T10:18:01","slug":"bonk-price-60-surge-reasons-memecoin","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/krypto-news\/bonk-price-60-surge-reasons-memecoin\/","title":{"rendered":"BONK Price Soars 60% in Days : What\u2019s Fueling the Surge ?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"the-irresistible-rally-of-bonk\">The Irresistible Rally of BONK<\/h2>\n\n\n\n<p>The memecoin <strong>BONK<\/strong> has had a spectacular performance this week, surging by over <strong>60% in 7 days<\/strong>, driven by the renewed interest in speculative assets on the <a href=\"https:\/\/preprod.investx.fr\/en\/learn\/crypto\/solana\/\">Solana blockchain<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Over $800K in fees in just three days by <a href=\"https:\/\/twitter.com\/bonk_fun?ref_src=twsrc%5Etfw\">@bonk_fun<\/a>!<br><br>Fees are used to buy:<br>&#8211; <a href=\"https:\/\/twitter.com\/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BONK<\/a> <br>&#8211; bonkSOL <br><br>The money is going back into the ecosystem which is great to see.<br><br>It is a very good start, hopefully the competition with PumpFun will heat up even further <a href=\"https:\/\/t.co\/0kfVY4g8nk\">pic.twitter.com\/0kfVY4g8nk<\/a><\/p>&mdash; gum (@0xGumshoe) <a href=\"https:\/\/twitter.com\/0xGumshoe\/status\/1916978153429602446?ref_src=twsrc%5Etfw\">April 28, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Becoming the second most significant memecoin in the ecosystem, BONK is once again attracting the attention of investors fond of risky bets in this unique segment of the <a href=\"https:\/\/preprod.investx.fr\/en\/crypto-investing\/\">crypto market<\/a>. This surge coincides with the announcement of their platform <strong>LetsBonk.fun<\/strong> to launch tokens.<\/p>\n\n\n\n<p>Since April 22, its price has surged by nearly <strong>73%<\/strong>, rising from <strong>0.00001247$<\/strong> to an intraday high of <strong>0.00002167$<\/strong> on April 28, its highest level in 5 months.<\/p>\n\n\n\n<p>At the time of writing, BONK is <a href=\"https:\/\/preprod.investx.fr\/en\/trading\/crypto\/\">trading<\/a> around <strong>0.00001923$<\/strong>, showing a decline of <strong>4.61%<\/strong> in 24 hours and an increase of <strong>60%<\/strong> in a week. Its market capitalization briefly exceeded <strong>1.7 billion dollars<\/strong> before stabilizing at <strong>1.5 billion<\/strong>.<\/p>\n\n\n\n<p>Simultaneously, BONK&#8217;s transaction volume has surged by <strong>98%<\/strong> to reach <strong>478 million dollars<\/strong>, reflecting a high level of speculative activity on the token.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"the-3-drivers-behind-bonks-surge\">The 3 Drivers Behind BONK&#8217;s Surge<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"1-the-resurgence-of-memecoins\"><strong>1. The Resurgence of Memecoins<\/strong><\/h3>\n\n\n\n<p>This surge in BONK is part of a broader trend of increased<strong> interest in memecoins<\/strong>, a category of crypto assets with a strong humorous and speculative component. Among the main representatives, <strong><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-investing\/buy\/dogecoin\">DOGE<\/a> and <a href=\"https:\/\/preprod.investx.fr\/en\/crypto-investing\/buy\/shiba-inu\">SHIBA INU<\/a><\/strong> have respectively increased by <strong>3% and 5%<\/strong> in the past week.<\/p>\n\n\n\n<p>Other atypical tokens like <strong>TRUMP (+73%)<\/strong> or <strong>BRETT (+83%)<\/strong> have also recorded remarkable performances, pushing the total market capitalization of the memecoin sector to <strong>55.5 billion dollars<\/strong>, a 17.5% increase in a week.<\/p>\n\n\n\n<p>Investors are returning to volatile assets, seeking high returns in a context where risk appetite is growing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"2-a-sharp-increase-in-open-interest\"><strong>2. A Sharp Increase in Open Interest<\/strong><\/h3>\n\n\n\n<p>Open interest on BONK futures contracts has <strong>tripled<\/strong> in a few days, rising from <strong>11 million$<\/strong> on April 22 to over <strong>43.2 million$<\/strong> on April 26. Although now at 28 million$ at the time of writing, this indicator remains well above levels seen for several months.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"1024\" height=\"278\" src=\"https:\/\/preprod.investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/04\/image-19-1024x278-1.png\" alt=\"graph of bonk's open interest\" class=\"wp-image-4982\" srcset=\"https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2025\/04\/image-19-1024x278-1.png 1024w, https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2025\/04\/image-19-1024x278-1-300x81.png 300w, https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2025\/04\/image-19-1024x278-1-768x209.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">source: Coinglass<\/figcaption><\/figure>\n<\/div>\n\n\n<p>Data also shows that the majority of positions are long (buyers), indicating bullish expectations from traders on the future path of <strong>BONK<\/strong>.<\/p>\n\n\n\n<p>High open interest is often a sign of an engaged market &#8211; but also more exposed to<strong> abrupt movements <\/strong>in case of a turnaround.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"3-strong-visibility-on-social-media\"><strong>3. Strong Visibility on Social Media<\/strong><\/h3>\n\n\n\n<p>According to Santiment data, BONK&#8217;s social dominance has surged from<strong> 0.09% to 0.57%<\/strong> between April 20 and 26. This high media exposure, both to the general public and institutional players, fuels a sense of <strong>FOMO<\/strong> that can impact price increases.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Introducing <a href=\"https:\/\/t.co\/YRGAhlNDki\">https:\/\/t.co\/YRGAhlNDki<\/a>, the <a href=\"https:\/\/twitter.com\/bonk_inu?ref_src=twsrc%5Etfw\">@BONK_inu<\/a> community\u2019s self\u2011serving launchpad for meme coins! <br><br>For too long, the meme coin market\u2019s been plagued by predatory actors\u2014now it\u2019s time for a change.\u2757\ufe0f\u2757\ufe0f\u2757\ufe0f<br><br>Our core team has been building on Solana for 4+ years, contributing\u2026 <a href=\"https:\/\/t.co\/3GPD3Lfk5g\">pic.twitter.com\/3GPD3Lfk5g<\/a><\/p>&mdash; Letsbonk.Fun (@bonk_fun) <a href=\"https:\/\/twitter.com\/bonk_fun\/status\/1915831339221164537?ref_src=twsrc%5Etfw\">April 25, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>This digital buzz coincides with the announcement of their platform <strong>Letsbonk.fun<\/strong>, a contender to the PumpFun platform for token launches on <a href=\"https:\/\/preprod.investx.fr\/en\/crypto-investing\/buy\/solana\/\">Solana<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"technical-and-fundamental-perspectives\">Technical and Fundamental Perspectives<\/h2>\n\n\n\n<p>From a technical standpoint, on April 13, BONK broke a downtrend line, confirming a bullish breakout. The token later crossed the 50-day and 100-day Exponential Moving Averages (EMA), confirming the trend reversal.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"1024\" height=\"676\" src=\"https:\/\/preprod.investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/04\/BONKUSDC_2025-04-29_09-28-00-1024x676-3.jpg\" alt=\"BONK's price in 1H\" class=\"wp-image-4984\" srcset=\"https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2025\/04\/BONKUSDC_2025-04-29_09-28-00-1024x676-3.jpg 1024w, https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2025\/04\/BONKUSDC_2025-04-29_09-28-00-1024x676-3-300x198.jpg 300w, https:\/\/media.investx.fr\/wp-content\/uploads\/sites\/5\/2025\/04\/BONKUSDC_2025-04-29_09-28-00-1024x676-3-768x507.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p>The short-term target is now around<strong> 0.00002410$<\/strong>, corresponding to the 200-day Simple Moving Average. If there is a daily close above this level, BONK could target the peak of January 19 at<strong> 0.000040$, <\/strong>representing a potential increase of over <strong>100%.<\/strong><\/p>\n\n\n\n<p>However, with the Relative Strength Index (RSI) currently in overbought territory at <strong>71<\/strong>, a consolidation or short-term profit-taking is likely.<\/p>\n\n\n\n<p>As a result, BONK could retrace to<strong> 0.00000145 dollar<\/strong> up to <strong>0.0000138 dollar.<\/strong> A loss of this level will lead to a drop to <strong>0.0000125 dollar.<\/strong><\/p>\n\n\n\n<p>On a fundamental level, BONK is now establishing itself as the <strong>second most significant memecoin<\/strong> in the Solana ecosystem in terms of market capitalization. Although highly speculative and volatile, its renewed interest confirms the resurgence of memecoins.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"should-you-buy\">Should You Buy ?<\/h2>\n\n\n\n<p>For crypto enthusiasts, BONK represents a short-term trading opportunity not to be overlooked. A drop to <strong>0.0000145 or 0.00000138 dollar<\/strong> would be even more attractive as BONK could target the zone at 0.000024 dollar, ensuring almost a <strong>40 to 50% gain<\/strong> in case of further BTC price growth.<\/p>\n\n\n\n<p>Here is a guide to buying the memecoin on <strong>Bitget <\/strong>for those looking to seize this opportunity:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Create a Bitget Account<br><\/strong>Sign up on <a href=\"https:\/\/preprod.investx.fr\/go-bitget\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">bitget.fr<\/a> with your email or phone, confirm the code sent, and activate 2FA to secure your account.<\/li>\n\n\n\n<li><strong>Verify Your Identity (KYC)<br><\/strong>Submit an ID document to complete the KYC verification, necessary for trading.<\/li>\n\n\n\n<li><strong>Add Funds<br><\/strong>Deposit cryptos (USDT, BTC) or fiat via credit card (Visa, Mastercard) or bank transfer in &#8220;Deposit&#8221;.<\/li>\n\n\n\n<li><strong>Access the Market<br><\/strong>Go to &#8220;Spot Market&#8221;, search for &#8220;BONK&#8221;, and select the BONK\/USDT pair.<\/li>\n\n\n\n<li><strong>Make the Purchase<br><\/strong>Choose a market order (immediate purchase) or limit order (fixed price), enter the quantity, and confirm.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/preprod.investx.fr\/go-bitget\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Buy BONK on Bitget and receive a bonus !<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>More on this topic :<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/625m-token-crypto-unlocks-altcoins-beware\/\">$625M in Token Unlocks : Which Altcoins Should You Watch Out For ?<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/hedera-hbar-price-surge-catalysts\/\">Key Catalysts Behind Hedera\u2019s (HBAR) Potential Price Surge<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/preprod.investx.fr\/en\/crypto-news\/cardano-ada-double-price-bull-run\/\">Can Cardano (ADA) Still Double in Price This Bull Run ?<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>BONK, Solana&#8217;s memecoin sensation, has surged by 73% since April 22, driven by speculation and a bullish market. With a market cap of $1.5 billion, could it reach $0.00004? Let&#8217;s analyze the factors behind this explosive rally.<\/p>\n","protected":false},"author":32,"featured_media":4947,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"bonk","_yoast_wpseo_title":"BONK Price Jumps 60% in Days : What\u2019s Driving the Surge ?","_yoast_wpseo_metadesc":"BONK price surged 60% in just days. Discover what\u2019s driving this explosive rally and what it means for investors.","footnotes":"","faq_titre":"","questions_frequentes":"","custom_permalink":""},"categories":[11,10],"tags":[],"class_list":["post-4955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BONK Price Jumps 60% in Days : What\u2019s Driving the Surge ?<\/title>\n<meta name=\"description\" content=\"BONK price surged 60% in just days. 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