“The Solana-Basted Sees A Massive Volume Spike to 2.9 Trillion Amid Potential Etf Launch Speculation and an Upcoming Token Burn Event.”, – WRITE: www.coindesk.com
Hovers Near A Fresh All-Time High, The Solana-Based Memocoin, Bonk
is Leading the Majoor Altcoin Rally.
The Surge Coincides with Renewed Optimism in Risk Assets Following Bitcoin’s Recovery Above $ 110,000, WHICH HAS TRIGGERED WIDSPREAD GAINS ACROSSESSESESSESSESS.
Bonk’s Momentum Appears Sustainable as Numeros Crypto Analysts Express Bullish Sentiment, Citying Significant Upside Potential Remaining.
Adding to Bonk’s Bullish Case, The Bonk Foundation’s Token Launchpad, Letsbonk.Fun, Recently Surpassed Competitor Pump.Fun in Daily Volume With A 126% Increase. This Development Benefits Bonk Holders As 50% of the Platform’s Revenue Is Allocied to Buying and Burning Bonk Tokens, Creating Addrational Positive Priche Press. Burn Who The Project Reaches 1 Million Holders.
Meanwhile, Tuttle Capital Management Confirmed July 16 As The Earliest Possible Launch Date for It Suite of Leverreged Crypto Etfs, Including A 2 × Bonk Etf
Technical Analysis Highlights
- The Bonk-USD PAIR ExperienCed Increated Buying Pressure Durying The Last 24 Hours, from July 2, 16:00 UTC, To July 3, 15:00 UTC. IT SURGED FROM $ 0.0000147 to A PEAK OF $ 0.0000175, Representing A 10.4% Range, Accounting To Coindesk Research’s Technical Analysis Model.
- A Significant Volume Spike to 2.9 Trillion at Midnight On July 3 Established Strong Support at The $ 0.0000157 Level, While High-Volume Buying at 0 PRICES HIGHher Despite Late Session Profit-Taking, The Model Showed.
- However, During the Last 60 Minutes from July 3 at 14:50 to 15:49 UTC, Bonk-USD ExperienCed Significant Valativity, Droping from $ 0.00001666666
- A notable Volume Spike of 86.9 Trillion at 15:35 Coincides with The Price Bottoming AT $ 0.00001619, Establishing A Key Support Level. The Subsequent Recovery Formed An Ascending Trendline with IncreASING VOLUMES, PARTICULARLY AT 15:49, WHERE 22.5 Trillion in Volume Pushed Prices Up By 2.7%.
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.
All Content Produced by Coindesk Analytics is Undergoes Human Editing by Coindesk’s Editorial Team Before Publication. The Tool Synthesizes Market Data and Information from Coindesk Data and Other Sources to Create Timely Market Reports, with All External Sources Clearly Attributed Within Each.
Coindesk Analytics Operates Under Coindesk’s AI Content Guidelines, WHICH PRIORITIZE Accuracy, Transparency, and Editorial Oversight. Learn more about Coindesk’s Approach to Ai-Generated Content In Our Ai Policy.
X Icon
