Bonk's Wild Ride: Solana's Memecoin Soars 15% in 24 Hours!

Hang on tight, folks! Bonk, the memecoin that's been setting Solana on fire, just rocketed up another 15% in the last 24 hours, leaving the top 100 cryptos in the dust!

This memecoin madness has been on a tear, with Bonk (BONK) surging a mind-blowing 113% in the past month alone. The Solana (SOL)-based token's been on a wild ride, jumping from lows of $0.000019 to highs of $0.000034 in just a week. That's a 61% gain, baby!

And get this - the altcoin market's looking ripe for even more Bonk insanity!

Bonk's Open Interest Explodes 25% as Price Skyrockets!

Remember those dark days in late June when Bonk was trading at a measly $0.000012? Or the April dip to $0.0000095? Forget about it! Bonk's blasted through a key resistance level at $0.000023 and is now eyeing the November 2024 peak of $0.000054 like a hungry lion!

This upside momentum's been fueled by Ethereum (ETH) breaking above $3,100 and SOL soaring past $160. It's like the memecoin gods are smiling down on Bonk!

Coinglass data's showing a 25% jump in open interest and a 32% spike in volume for Bonk's derivatives market. We're talking over $62.86 million in open interest and a whopping $776 million in derivatives volume!

And don't even think about Pump (PUMP) stealing Bonk's thunder. This memecoin's got its sights set on $0.000035, and the bulls are ready to charge!

What's driving this insanity? The Bonk community, baby! Nearly 1 trillion tokens are being held by on-chain Solana users. And let me tell you, letsBONK.fun's been raking in the cash this month, with over $13.2 million in fees collected in the first two weeks of July. That's a massive jump from the $2.21 million they pulled in during June 2025!