Key Takeaways
BONK has rallied by over 160% thanks to massive growth in BonkFun and SOL staking demand. Will the upcoming 1 trillion token burns fuel the momentum? 😏
In the vast and often chaotic world of cryptocurrencies, BONK has emerged as a beacon of hope and speculation, much like a lighthouse in a stormy sea. The third quarter of 2025 has seen BONK rally by a staggering 160% in the first half of July, reversing nearly all of the losses from the previous year. And yet, beneath this surge, the true story of BONK is one of genuine adoption and strategic planning, not just the whims of market hype or the fear of missing out (FOMO). 🌊
BONK – Adoption and Burns
The BONK team, with the wisdom of seasoned veterans, has announced a plan to burn 1 trillion tokens if the number of overall holders reaches 1 million. As of the latest count, there are 958,362 users, a number that is tantalizingly close to the magic figure. While the removal of 1 trillion tokens from a total supply of 88.7 trillion might seem like a drop in the ocean, the deflationary strategy could have a significant impact on the token’s value in the long run. 🌱
Since the launch of BonkFun, BONK’s memecoin launchpad platform, in April, the project has seen tremendous traction. The team now holds 135.6K SOL in cumulative revenues, with a generous 68K SOL (worth about $11 million) earmarked for token burns. Based on the current price, this would result in the burning of approximately 325.2 billion BONK tokens, still shy of the 1 trillion target. However, the success of BonkFun has been a key driver of BONK’s Q3 rally, even outpacing the once-popular PumpFun. 🚀
But the story of BONK is not just about burns and memecoin launches. The platform’s growth has mirrored the token’s strength on the price charts, a testament to the community’s faith and the project’s execution. 📈
Institutions Jump on BONK SOL Staking
Beyond the memecoin launchpad, BONK’s liquid staking offering, BONK staked SOL, has also seen a surge in interest. The staking pool has grown from 64K SOL to over 115K SOL in just a few weeks, a clear indication of strong investor confidence. 🏦
These catalysts, combined with the overall growth of the BONK ecosystem, have propelled the native token to new heights. When plotted from its November 2024 peak and April 2025’s lows, the current rally is nearly 50% away from last year’s peak. 📊
Technical indicators suggest a strong bullish trend, with the daily RSI crossing into the overbought zone. While this could indicate a short-term cooldown, reclaiming the 50% Fibonacci level ($0.0000035, red zone) as support could confirm further gains. If the bulls prevail, the immediate targets are $0.000042 and $0.00005, offering a potential 18%-43% upside. 📈
However, any pullback that remains above May’s peak at $0.00002 (cyan) could still present a buying opportunity if the bullish catalysts persist. Conversely, a drop below $0.00002 would undermine the bullish structure, invalidate the above thesis, and embolden short sellers. 📉
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2025-07-17 11:11