{"id":38640,"date":"2025-07-24T16:46:46","date_gmt":"2025-07-24T16:46:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38640"},"modified":"2025-07-24T16:46:46","modified_gmt":"2025-07-24T16:46:46","slug":"bonk-jumps-6-5-as-solana-based-meme-token-captures-market-share","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38640","title":{"rendered":"BONK Jumps 6.5% as Solana-Based Meme Token Captures Market Share"},"content":{"rendered":"<div>\n<p>BONK posted a strong recovery on July 24, <a href=\"https:\/\/www.coindesk.com\/price\/bonk\">gaining 6.5% in value from $0.0000335 to $0.0000357<\/a> during the 24-hour window ending 14:00 UTC. <\/p>\n<p>The Solana-based meme token rebounded from an earlier dip to $0.0000311, recording an 18% trading range before closing near its daily highs. Price action was fueled by renewed institutional interest and mounting traction across the BONK ecosystem.<\/p>\n<p>The recent <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/24\/solana-eyes-66-block-size-bump-with-new-developer-proposal-as-network-demand-grows\">Solana developer proposal to increase block size by 66%<\/a> has injected fresh momentum into the BONK market, reinforcing the meme token&#8217;s bullish trajectory. As Solana\u2019s network scales to accommodate rising demand, BONK\u2014built natively on the blockchain &#8211; stands to benefit directly from enhanced throughput and lower latency. <\/p>\n<p>This infrastructure upgrade signals long-term confidence in Solana\u2019s capacity to support high-volume applications like BONK\u2019s LetsBonk platform, which has already captured 64% of the meme token launchpad market.<\/p>\n<p>Trading volume exceeded 2.1 trillion tokens during key recovery phases, with accumulation patterns evident at the $0.000032 support zone. Notably, the price pushed toward resistance at $0.000037 before encountering a profit-taking selloff to consolidate around $0.0000363.<\/p>\n<p>Amid <a href=\"https:\/\/www.coindesk.com\/daybook-us\/2025\/07\/24\/altcoin-season-hope-dim-as-traders-unwind-bullish-bets-crypto-daybook-americas\">broader crypto market rotation<\/a>, BONK\u2019s performance stood out as institutional investors and retail participants pivoted to alternative assets. The meme token&#8217;s sustained upside momentum and expanding utility base suggest resilience as market participants seek exposure to higher-beta assets during periods of macroeconomic uncertainty.<\/p>\n<h3>Technical Analysis<\/h3>\n<ul>\n<li>BONK traded between $0.0000311 and $0.0000363, marking an 18% intraday swing.<\/li>\n<li>Strong support confirmed near $0.000032; resistance solidified near $0.000037.<\/li>\n<li>Volume surpassed 2.1 trillion tokens during recovery and breakout phases.<\/li>\n<li>Institutional accumulation was visible during key dips throughout the session.<\/li>\n<li>Late-session volume spike of 39 billion tokens occurred between 13:58\u201314:01 UTC.<\/li>\n<li>Trading narrowed to a 3% band ($0.000035\u2013$0.000036) in final hour of analysis.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BONK posted a strong recovery on July 24, gaining 6.5% in value from $0.0000335 to $0.0000357 during the 24-hour window ending 14:00 UTC. The Solana-based meme token rebounded from an earlier dip to $0.0000311, recording an 18% trading range before closing near its daily highs. Price action was fueled by renewed institutional interest and mounting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38640","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38640"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38640\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}