BONK Climbs 19% as Capital Rotates Into Altcoins
BONK surged nearly 20% on Thursday, reaching an intraday high of $0.00004022, as momentum builds across the altcoin market. The Solana-based memecoin is riding a wave of renewed interest in risk assets, fueled by declining Bitcoin dominance and growing appetite for high-beta tokens.
The token broke out of its recent range with strong follow-through, establishing solid support at $0.00003319. The price structure remains bullish, characterized by higher lows and volume-backed rallies, positioning BONK as a key outperformer in the current rotation.
Over the past 24 hours, more than 6.67 trillion BONK traded hands, equating to over $247 million in volume. The surge in activity highlights increased conviction among both retail traders and short-term speculators.
The broader Solana ecosystem also saw gains, with tokens like WIF and JITO logging double-digit advances. Ethereum Layer 2s including OP and ARB joined the rally, aided by stabilized gas fees and favorable market conditions. Meme coins, in particular, regained traction as market sentiment turned decisively risk-on.
Adding further momentum, BONK was included in Grayscale’s Q3 2025 watchlist, boosting credibility and potentially drawing institutional interest. The listing aligns with a growing trend of professional investors tracking emerging digital assets beyond the majors.
Now trading above the key $0.000040 level, BONK is approaching resistance in the $0.00004380–$0.00004400 range. If momentum holds, the next upside target lies near $0.00004676, with bulls setting sights on the $0.00005000 mark.
Market Snapshot:
- Current Price: $0.00004375
- 24h Performance: +12%
- Daily Range: $0.00003319 – $0.00004022 (32.1% intraday swing)
- 24h Volume: $247.11M
- Trend: Bullish, with breakout confirmation
- Resistance Levels: $0.00004400, $0.00004676, $0.00005000
- Key Drivers: Altcoin rotation, Grayscale watchlist, reduced BTC dominance
