BONK Rallies 9% Despite Shift to Newer Memecoins
September 9, 2025
BONK surged 9% in a volatile session, rising from $0.000022 to $0.000024, even as attention in the memecoin market shifts toward newer projects. Early morning momentum drove the bulk of the gains, according to CoinDesk Research, with an intraday trading range of $0.000002 highlighting the token’s volatility.
Trading volumes spiked during rebound attempts around 06:00–07:00 UTC, exceeding 1.2 trillion tokens, reflecting strong short-term demand. Resistance solidified at $0.000024, while support held near $0.000023. However, late-session trading showed signs of fatigue, with bulls struggling to push prices higher.
Between 11:53 and 12:52 UTC, BONK retraced 1.14%, dropping from $0.000023459 to $0.000023190 as a concentrated sell-off pushed volume above 35 billion tokens. This pullback trimmed part of the morning rally, leaving the token consolidating just above support.
The movement comes amid changing dynamics in the memecoin sector. Legacy tokens like BONK and Dogecoin (DOGE $0.2455) remain heavily traded, but newer tokens such as LayerBrett and Little Pepe are gaining traction with staking mechanisms and layer-2 features. Social engagement for older memecoins has cooled, while traders rotate into tokens offering tangible utility.
Key Technical Levels:
- 24-hour range: $0.000022 → $0.000024 (+9%)
- Support: $0.000023
- Resistance: $0.000024
- Peak intraday volume: 1.2 trillion tokens
- Late-session retracement: 1.14%
- Sell-off volume spike: 35 billion tokens
- Intraday lows: $0.000023180, signaling potential trend shifts
