BONK, the popular meme token built on the Solana blockchain, surged 6% amid rising institutional interest and renewed momentum in the Solana NFT market. This upward movement follows a spike in both volume and on-chain activity, signaling continued accumulation from large holders.
Price and Volume See Explosive Movement
During the latest session, BONK rose from $0.000034 to $0.000036, trading in a 12% intraday range between $0.00003276 and $0.00003670. The token recorded a midday trading volume of over 3.8 trillion tokens, with the most intense activity occurring between 12:00–13:00 UTC.
Minute-by-minute volumes peaked at 115 billion tokens between 13:32 and 13:35 UTC, marking the session’s most active window.
In the final hour of trading, BONK rebounded 1%, climbing from $0.00003590 to $0.00003629, showing steady buying pressure into the close.
Institutional Accumulation Signals Growing Confidence
Key support at $0.000033 held firm throughout the session, bolstered by institutional bids observed during minor pullbacks. This suggests larger market players are positioning ahead of potential continuation in BONK’s upward momentum.
Strong buying interest at lower levels indicates accumulation rather than short-term speculation.
Solana NFT Metrics Hit Q3 Highs
BONK’s rally comes as Solana NFT trading volume reaches quarterly highs, reinforcing optimism around the broader Solana ecosystem. Increased developer activity, new NFT launches, and higher wallet engagement have all contributed to this resurgence.
The improved fundamentals of the Solana network are feeding directly into investor sentiment for BONK and related tokens.
What’s Next for BONK?
With volume spikes, institutional support, and rising NFT engagement, BONK appears well-positioned for continued momentum. As long as key technical levels hold, and ecosystem growth continues, investor confidence in this Solana-based token may remain strong.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.