1’m bullish on $BONK W $RAY TLDR
BONK surged 18.53% in 24 hours to $0.0000214, driven by ETF speculation, token-burn catalysts, and Solana ecosystem momentum.
1. +20% daily rally fueled by leveraged ETF rumors and 1T token-burn anticipation
2.   Bonk.fun captured 25% of Solana memecoin market share, challenging   Pump.fun
3. Mixed technical signals: Bullish daily structure vs. bearish weekly indicators
Deep Dive
1. Market Metrics
BONK’s trading volume spiked 90.78% to $1.13B (July 6), with price up 47% weekly. The rally coincides with:
• ETF speculation: Tuttle Capital’s proposed 2x leveraged BONK ETF (unconfirmed, July 16 target) (Coinspeaker)
• Token burns: 35% of   Bonk.fun fees used for BONK buybacks, with 1T token burn planned at 1M holders (current: 943K)
2. Business & Partnerships
•   Bonk.fun grew to 25% Solana memecoin market share (vs.   Pump.fun’s 60%) via simplified token launches and Raydium liquidity integration (July 5)
• Solana ETF tailwinds: First Solana ETF’s $33M launch volume (July 2) boosted ecosystem assets like BONK (CoinMarketCap)
3. Technical Developments
• Bullish breakout: Cleared descending trendline, targeting $0.0000222 (1.618 Fib extension) with RSI at 64.52 (neutral)
• Contradictions: Daily OBV at new highs vs. weekly RSI below 50 (bearish) – AMBCrypto notes traders await clearer signals
Conclusion
BONK’s rally combines meme momentum, strategic tokenomics, and Solana’s resurgence, though sustainability depends on ETF approvals and burn execution.
Watch this week: Can BONK hold $0.000018 support if Bitcoin dominance rebounds above 64.56%?

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July 06, 2025 at 11:33 AM
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