News

BONK Price Rallies 15%, Why Further Rally Is Imminent

BONK price rises 10.06% in 24 hours, with trading volume up 90.90%. Technical indicators show strong buying interest and bullish momentum.
Published by
BONK Price Rallies 15%, Why Further Rally Is Imminent

Highlights

  • Bonk (BONK) has surged by 10.06% in the past 24 hours and is now trading at $0.00003869.
  • Trading volume increased by 90.90% to $755.74 million, indicating continued bullish sentiment.
  • Bonk Open interest has increased by 63.34%.

Bonk (BONK) has surged in the past 24 hours, rising by 10.06% and currently trading at $0.00003869. The trading volume increased by 90.90% to $755.74 million, indicating continued bullish sentiment. BONK price recorded trading lows and highs of $0.00003381 and $0.00003927, respectively. Over the past week, BONK’s price has increased by 53.65%.

Advertisement

BONK Price Gains Momentum from Coinbase Listing

A significant factor driving BONK‘s recent price surge is a promotional giveaway announced by the project. Over the next two weeks, the Solana-based memecoin will distribute $10,000 worth of its tokens, split equally among ten users. Participants must share their ‘cards’ on social media to qualify, boosting user engagement. This marketing strategy has significantly increased BONK’s trading activity and visibility.

The promotional giveaway has created a buzz on social media, leading to heightened interest in BONK. As more users participate, the trading volume has surged, contributing to the token’s upward price movement. The giveaway’s success highlights the effectiveness of strategic marketing in the cryptocurrency market.

Another key development is Coinbase’s announcement that it will list perpetual future contracts for Shiba Inu, BONK, and Floki Inu. These contracts will be available on the Coinbase International Exchange and Coinbase Advanced platforms. The memecoin is set to begin trading on Coinbase on May 30th, signaling strong demand from investors and traders.

The upcoming Coinbase listing is a significant milestone for the memecoin, enhancing its credibility and accessibility. This development has fueled bullish sentiment among investors, anticipating increased trading activity and further price appreciation. The listing aligns with BONK’s recent market momentum, reinforcing its positive outlook. Moreover, investors are actively opening new positions, reflected in a 63.34% increase in Open Interest (OI).

Advertisement

Bonk Inu Bullish Momentum Remains Strong

Technical indicators also support BONK’s bullish outlook. The 24-hour price chart, viewed through the Keltner Channel (KC), shows the memecoin oscillating near the upper boundary, indicating strong buying interest. This suggests potential for further upward movement as the market sentiment remains overwhelmingly positive.

Additionally, the Relative Strength Index (RSI) has risen to 72.26, signaling an overbought condition. While this may typically precede a price pullback, the current bullish momentum suggests continued strength. 

 

Also Read: Bitcoin Price Forecast: BTC Poised To Reclaim $70,000, Rally To $80,000 This Week

Advertisement

Share
Maxwell Mutuma

Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Indian Court Declares XRP as Property in WazirX Hack Case

In a landmark ruling, the Madras High Court in India has declared that XRP and…

October 27, 2025
  • News

Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH

Ethereum’s fundamentals continue to strengthen as major investors and analysts signal renewed confidence in the…

October 27, 2025
  • News

Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000

Bitcoin (BTC) has climbed above $113,000 as optimism grew ahead of President Donald Trump’s meeting…

October 26, 2025
  • News

Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?

Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting.…

October 26, 2025
  • News

White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC

White House crypto czar David Sacks has shown his support for Donald Trump's nomination of…

October 25, 2025
  • News

Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role

Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…

October 25, 2025