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BONK, the second-largest Solana-based memecoin, has surged 73% in a week, fueled by rising open interest and a broader crypto market rally. The token’s trading volume and market cap have also seen significant growth, reflecting renewed investor interest.
- BONK's open interest surged 290% to $43.2 million, reflecting increased futures trading activity.
- The memecoin market cap rose 17.5% to $55.51 billion, with top tokens like DOGE and SHIB also posting gains.
- Technical analysis suggests BONK could target $0.000040 if it breaks the $0.00002410 resistance level.
📎 Related coverage from: cointelegraph.com