title: Bonk (BONK) is up 5% on Wednesday, with traders anticipating the rally to continue further.

What Happened: Crypto trader Cold Blooded Shiller pointed out that BONK has experienced a massive sweep of the lows, testing a historically significant level.

Bonk, the Solana-based meme coin, saw a 5% rise on Wednesday, with traders anticipating the rally to continue.

What Happened: Crypto trader Cold Blooded Shiller observed that BONK has been engaging in a massive sweep of the lows, testing a historically relevant level in the process.

Stability and confirmation at this point are crucial, setting the stage for confidence to grow and enable a larger move, Shiller noted.

Analyst Crypto Chase mentioned that he still holds 1% of his BONK position, keeping an eye on its interaction with the monthly support level, which has triggered strong rallies in the past.

This marks its first retest in over a year, and he anticipates the meme coin to bounce back towards more than $0.02 gradually.

Why Is It Important: Bonk's price action comes after its recent acquisition of Exchange Art Marketplace, a major platform in the digital art industry.

This integration could expand BONK's real-world utility, strengthen its presence within Solana's creator economy and drive long-term value growth as use cases expand.

Prominent trader Unipcs highlighted Bonk's strength as one of the best performing tokens in the top 100.

Another trader noted that Bonk could reach the $100 billion club, joining Dogecoin and Pepe at the market cycle's peak.