Why is Bonk Coin Moving Up While Other Crypto Price Dip Today?

Bonk, a popular meme coin and the 51st biggest cryptocurrency, is riding a bullish price rally, with a mere 8% surge today. More importantly, it is defying the broader crypto market crash, rising up even when BTC, ETH, and the rest of the altcoins decline. In this, its high demand among investors and DeFi milestone must have something to do.

Bonk Coin Price Soars 8% Today

Meme coins, often regarded as utility-less and volatile assets, are attempting a significant comeback this year. Notably, this dog-themed coin is significantly succeeding, at least today, as the BONK price grew 8%, currently trading at $0.00002203 with $1.78B in market capitalization.

More importantly, it’s surging while the rest of the crypto prices crash amid increased market volatility on various macroeconomic events, but Bonk is defying the odds. Its trading volume has hit $632.54M after a staggering 210% gain. It signals high investor interest, hence the price rally.

Why is the Bonk Coin Price Up Today?

Bonk has gone through high volatility this year, similar to other cryptocurrencies, yet it’s among the top meme coins to buy. Additionally, its trajectory also reflects strong institutional demand, technical momentum, and more. Today, the Bonk price is moving up as the investors’ trust in this digital asset rises, connected with its potential reduction in supply, treasury demand, and more.

The Bonk team has announced that they will burn 1T tokens once the wallet count reaches 1M. Notably, they are now just 24,516 (per Solscan) wallets short of accomplishing the milestone, and the Solana meme coins’ demand suggests the possibility of achieving it soon.

As a result, the bullish momentum is building, as scarcity (reduced circulating supply) will boost demand.

We’re getting VERY close to 1 million on-chain holders of $BONK – the biggest Community on Solana 🤝🐕

Most don’t even realize that @bonk_inu will burn 1 TRILLION $BONK to celebrate that milestone

A lot of cool things still awaiting us 👀🔥#RETURNTOBONK ❗️❗️❗️ pic.twitter.com/sDab6sqpzc

— bjoern 🐕 (@bjoernbonk) July 31, 2025

In addition, Nasdaq-listed Safely Short recently allocated $25M to Bonk coin, building demand and an ongoing price surge. The move is bullish because it creates liquidity for the usage of the token among retail traders.

Crypto Market Takes A Step Back, Price Collapses

Crypto market’s performance is highly dependent on the September FOMC Meeting decisions. Investors have been eyeing the Fed’s rate cut since the beginning of the year, but five unchanged rate decisions have brought high volatility, crashing crypto prices multiple times, including today.

The U.S. PCE data (2.6%) added fear to the investors, fueling today’s crash. Bitcoin price has dipped to $108k, ETH is down to $4.3k, XRP to $2.8, and so on, but the Bonk coin is an exception with an 8% price surge. The dip has resulted in the liquidation of $480M long positions from the market today.