$BONK ECOSYSTEM BURN 500B ~ 18 million $USDT worth of #BONK token it’s close to 1% of supply! $SOL ecosystem and mainly $RAY DEX SDK benefits a lot from this community as they sponsor NYC 🇺🇸🗽 ACCELERATE event by #Solana or Ethereum?# no question… #DLGH highlights and answer what’s people talking about Bonk with @CoinMarketCap feature #cmcai sharp “Deep Dive” 👇 
1. Sentiment Overview
Traders are divided after BONK’s 10.5% daily drop (as of July 29), with:
• Bulls highlighting:
• 460K SOL ($84M) staked across BONK validators (@bonk_inu)
• 77% buyer ratio despite Fartcoin whale sell-off contagion
• Bears noting:
• 336M coins moved to exchanges in July
• Meme sector liquidation risks ($427M market-wide in 24h)
The Fear & Greed Index at 63 (Greed) suggests dip-buying appetite remains.
2. Key Discussion Themes
Solana’s Meme Wars
BONK regained #1 Solana memecoin rank post-Fartcoin’s collapse but faces rising PENGU competition:
• PENGU added 315M coins via Walmart/NASCAR deals
• TRUMP gains SEC ETF delay sympathy boost
Launchpad Dominance
  LetsBonk.fun’s 51% market share vs   Pump.fun’s 39% drives BONK utility:
• 1% fee per token launch funds buybacks
• 2700 tokens launched in 3 days (July data)
3. Influential Perspectives
• Jireon0X (Analyst): “$0.000040 breakout could retest ATH if Solana’s block capacity upgrade succeeds”
• Jonathan Carter (Technician): “Broadening wedge breakout eyes $0.000037 then $0.000059”
• Community backlash against Solana founder’s “digital slop” comment highlights BONK’s cultural clout
Conclusion
BONK’s trajectory hinges on Solana’s infrastructure upgrades and whether   LetsBonk.fun can sustain 50%+ memecoin launch dominance amid ETF speculation.
Will the July 30 FOMC decision reignite risk appetite for high-beta Solana assets?

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July 29, 2025 at 7:53 PM
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