BONK Price Jumps 60% in a Week, Targets $0.000040 as 1 Million Holders Approach!

Jakarta, Pintu News – In the past week, the price of Bonk (BONK) has surged more than 60%, driven by a series of promising positive developments. The coin has just broken out of a months-long downward trend and is now showing a significant increase. On July 2, BONK managed to break the upper limit and continues to register gains.

Check out the full analysis in this article!

Key Drivers of BONK Price Increase

This increase in Bonk (BONK) price was mainly triggered by the announcement of token burning and ecosystem growth. The Bonk team recently announced plans to burn 1 trillion BONK tokens when the number of holders reaches one million.

Currently, the number of holders has almost reached the target with 950,300 holders recorded on the CoinGecko Terminal. In addition, the Bonk Foundation’s token launch platform, LetsBONK.fun, which launched on April 25, has surpassed Pump.fun in daily revenue.

This is good news for BONK holders as 50% of the platform’s revenue is allocated to BONK buybacks and burns, adding to the token’s deflationary momentum.

Also read: FLOKI, FARTCOIN, and SHIB Volatile in the Crypto Market, Here’s the Analysis!

Technical Analysis and Further Upside Potential

After successfully breaking through resistance at $0.000015, BONK is now testing an important resistance zone at $0.000024, which was the previous local peak in early May. If BONK manages to close above the $0.000024-$0.000025 range, it could validate a larger bullish continuation pattern, possibly a cup-and-handle pattern, with an upside target near $0.000040.

However, with the Relative Strength Index (RSI) above 75, BONK is currently in an overbought condition. This suggests a possible consolidation or short-term price drawdown before resuming the upside.

If the price undergoes a retracement, the zone around $0.000018 might act as support during the pullback, having previously been tested and rejected as resistance.

Also read: Ripple 2025 Price Prediction: CEO’s Testimony in US Senate Sparks Speculation!

Market Outlook and Impact of ETFs

Additionally, Tuttle Capital Management has confirmed that July 16 is the earliest potential launch date for their new suite of leveraged crypto ETFs, including the BONK 2× ETF. This adds to the optimism in the market regarding the adoption and integration of BONK in mainstream financial products.

With more platforms and asset managers recognizing BONK’s potential, its long-term prospects look bright. Recent price increases and ecosystem development suggest that BONK may be more than just a memecoin, with the potential to become an important part of a crypto investment portfolio.

Conclusion

With various positive developments and increasing adoption, BONK shows potential that is not only driven by speculation but also by real adoption in the crypto ecosystem.

Despite the possibility of a short-term correction, the long-term outlook remains bullish. Investors and market watchers will be keeping a close eye on BONK’s price movements in the coming weeks.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Bonk Price Surges 60% in a Week, Eyes $0.00040 as 1M Holder Milestone Nears. Accessed on July 9, 2025
• Featured Image: U Today