TLDR
- BONK surged 70% over 10 trading sessions, outperforming Bitcoin and Dogecoin in recent price movements
- Bonk.fun launchpad generated $7.93 million in fees over seven days, with 58% going toward BONK buybacks
- The token reached $0.00002626 resistance level where it previously reversed in April 2025
- Exchange outflows totaled $1.88 million worth of BONK, indicating accumulation by long-term holders
- Technical indicators show BONK trading above 200-day EMA but RSI at 70 suggests overbought conditions
The Solana-based meme coin Bonk (BONK) has captured market attention with a 70% price surge over the past 10 trading sessions. The token currently trades at $0.00002719, marking a 6.27% increase in 24 hours.
This price movement has outpaced major cryptocurrencies including Bitcoin and Dogecoin. Trading volume jumped 160% alongside the price gains.
The rally appears directly linked to growth at Bonk.fun, a token launchpad platform. The platform recorded six consecutive days with fees exceeding $1 million between July 5-11.
Bonk.fun Revenue Surge
Bonk.fun generated $7.93 million in total fees over seven days. The platform peaked at $1.27 million in daily fees on July 11, according to DeFiLlama data.
A crypto market expert noted that 58% of these platform fees go toward buying back BONK tokens. This creates consistent demand pressure that many traders haven’t fully factored into their analysis.
The launchpad recently flipped competitor Pump.fun in multiple metrics. Bonk.fun claimed 61% of total 24-hour launchpad revenue across the Solana ecosystem.
The platform also leads in daily revenue, launch volumes, and Solana token deployments. This dominance has established Bonk.fun as the primary launchpad on Solana.
Technical Resistance Test
BONK’s price surge has brought the token to a critical technical level at $0.00002626. This same resistance zone marked a reversal point in April 2025.
During that period, BONK broke above a descending trendline before reversing shortly after hitting this level. The current setup shows similar characteristics with another trendline breakout.
Technical analysis reveals BONK trading above its 200-day Exponential Moving Average. This positioning typically indicates an uptrend in price action.
The Relative Strength Index sits at 70, entering overbought territory. This reading could signal a potential short-term correction if buying pressure weakens.
Analyst Solberg Invest reported BONK has gained over 100% since breaking its midterm downtrend line. The first technical target from this breakout has already been achieved.
$BONK MID-TERM WIN!
Over +100% since breakout, nailed first target!
Very nice!
— Solberg Invest
If momentum continues and BONK clears the $0.00002626 resistance, analysts project a potential 37% move to $0.0000364. Failure at this level could repeat the April reversal pattern.
Exchange data reveals significant accumulation patterns despite overbought conditions. CoinGlass reported $1.88 million worth of BONK left exchanges recently.
These outflows suggest investors are moving tokens to private wallets for longer-term holding. The movement indicates continued buying pressure from conviction holders.
CoinGecko data shows BONK gained 40.4% over the past week. Trading volume increased 65.1% during the same period, confirming growing market interest.
The token has established itself as one of the top-performing Solana-based assets. Current price action shows a confirmed double-bottom reversal pattern with strong volume support.
The post Bonk (BONK) Price: 70% Rally Driven by Bonk.fun Launchpad Revenue Growth appeared first on Blockonomi.
Source: https://blockonomi.com/bonk-bonk-price-70-rally-driven-by-bonk-fun-launchpad-revenue-growth/