Bonk (BONK) Is Back in the Spotlight After an Explosive Rally, Cementing Its Place

Bonk (BONK) is back in the spotlight after an explosive rally, cementing its place as one of the hottest tokens in the market this week.

Bonk (BONK) price is back in the spotlight following an explosive rally that has cemented its place as one of the hottest tokens in the crypto market this week.

As Ethereum (ETH) begins its own recovery, Bonk appears to be reaping the benefits, quickly gaining traction among traders and meme coin enthusiasts.

Currently trading at no.2 across major platforms, BONK has posted a sharp 7% gain over the past 24 hours. The token is also up 24% on the week and has climbed nearly 27% over the past month.

With 24-hour trading volume nearing $200 million, Bonk is once again proving it’s more than just a meme—it’s a movement.

While the broader crypto market is showing renewed bullish momentum—up around 2%—overall trading volume has dipped 15%. The Fear and Greed Index remains in fear territory at 27.

Despite this, Bitcoin (BTC) has climbed back to $85,000, and ETH has now reclaimed the $1,600 mark. This environment has created the perfect setup for Bonk to shine.

In addition to Bonk, another Solana-based meme coin is heating up—Solaxy (SOLX), a project leveraging a Layer 2 solution that has already raised nearly $30 million.

One major reason behind Bonk’s recent 30% surge is the announcement to burn a large number of tokens—280 billion BONK, to be exact. This news, combined with growing investor interest in meme coins, has pushed Bonk to new highs.

The plan to burn 280 billion BONK tokens has sparked strong excitement in the Bonk community. This burn targets exactly 278,393,137,215 BONK and aims to shrink the circulating supply. The DAO collects this amount through its revenue-sharing agreement with BONKBot.

BONKBot, a Telegram trading bot for Solana, charges a 1% fee on every trade. It then sends 10% of that fee directly to the BONK DAO.

Community members see this burn as a smart move to tighten supply and boost long-term growth. While the proposal still awaits final approval, interest in Bonk has soared—pushing price predictions even higher.

From a technical perspective, Bonk is flashing bullish signals. The Relative Strength Index (RSI) currently sits at 78, indicating potential overbought conditions in the very short term.

However, if BONK breaks above key resistance levels and flips the 4-hour 200 EMA into support, the path to new all-time highs may open up.

Bonk’s community remains one of its strongest assets. With nearly 400,000 followers on X (formerly Twitter), the “BONKers” keep the momentum alive by sharing memes, engaging in discussions, and spreading the word. This grassroots energy stays strong, fueled by frequent updates and smart partnerships.

Bonk has now climbed back into the top 100 cryptocurrencies, ranked #63 with a $187 million market cap. Among meme coins, BONK sits just below TRUMP, holding the number five spot with a market cap nearing $600 million.

The sheer momentum behind Bonk speaks volumes about its potential for further gains. With its deflationary mechanics, vibrant community, and favorable market conditions, BONK is quickly becoming the next big play in the meme coin sector.

Crypto is notoriously unpredictable, but Bonk’s upward trajectory is a testament to the shifting tides of investor confidence. If the burn strategy keeps driving demand, then BONK could be setting the stage for a breakout to new all-time highs.

Next Big SOL Meme Coin – Solaxy (SOLX)

Solaxy (SOLX) has already raised over $29.8 million, rapidly becoming one of 2025’s most anticipated presales. Priced at $0.1692 during the current presale stage, $SOLX will see price increases in the upcoming presale tiers, presenting an early advantage to those who join early.

To participate, simply visit the Solaxy website and connect a wallet. For an optimal experience, use Best Wallet. It enables users to preview their $SOLX tokens before launch and offers seamless multi-chain access across Ethereum and Solana.

Those seeking passive income can engage in the $SOLX staking protocol, which promises an estimated APY of 136%. Participants have already collectively staked over 8.4 billion $SOLX tokens. Once the presale concludes, the team plans to list $SOLX on a major Decentralized Exchange (DEX).

Solaxy follows a well-defined tokenomics structure: 25% of the total token supply will be allocated to staking rewards, 30% will fuel