BONK Surges 4% as Institutional Investment Boosts Solana Ecosystem
BONK, the Solana-based meme token, rose 4% over the past 24 hours, hitting $0.0000218 before closing around $0.0000213, fueled by growing institutional participation and ecosystem developments.
The token’s strongest move came at 19:00 UTC on Wednesday, when BONK jumped 1.9% from $0.0000211 to $0.0000215 on a 574.8 billion-token volume surge. While gains were capped at $0.0000215, support repeatedly held near $0.0000212, demonstrating resilience amid volatility. The token traded within an 8% intraday range, highlighting persistent trading activity.
Institutional confidence in Solana is rising. Galaxy Digital, Multicoin Capital, and Jump Crypto are spearheading a $1 billion Solana investment fund, backed by Cantor Fitzgerald infrastructure. This fund exceeds prior Solana allocations by 150% and is expected to inject significant liquidity into Solana-native projects, with BONK among the most actively traded tokens.
Corporate adoption of BONK is also progressing. Beverage company Safety Shot recently allocated $25 million in BONK to finance most of a $30 million fundraising round, marking a milestone for meme token adoption in corporate treasury strategies.
These factors reflect BONK’s evolution from a niche meme coin into a token gaining serious institutional attention, signaling its growing role in Solana liquidity and diversification strategies.
