BONK Burn Frenzy: 500B Tokens Scorched for 6% Surge – Next?

by

Oh, darling, Bonk – that cheeky little meme coin – has been up to its usual theatrics, pricing itself at a rather precise $0.000034 on July 24. It flirted with highs of $0.000037 and dipped to near $0.000031, all within a 16% intraday rollercoaster that would make even the most seasoned gambler queasy. And after all that drama, it closed just 0.86% down, as if to say, “Was that fun or what?” 😜 With 24h volatility at 5.6%, a market cap of $2.53 billion, and a whopping 24h volume of $2.02 billion, it’s clear BONK is the life of the crypto party.

Solana memecoin sector performance, July 24, 2025 | Source: Coingecko

How positively divine! While the broader market threw a tantrum, seeing Solana memecoin caps plummet 10.2% to $15.1 billion per Coingecko’s gossip, BONK simply refused to join the pity party. Instead, it sashayed up 6% to be the only top 5 Solana meme in the green – quite the diva, isn’t it? All thanks to a rather dramatic burn of 500 billion tokens, funded by fees from its own network. I mean, who needs enemies when you have such self-inflicted excitement? 😂

500,000,000,000 $BONK was just burned based on fees generated at @bonk_fun

You can track fees generated for $BONK buy and burns at

— BONK!!! (@bonk_inu) July 24, 2025

And let’s not forget the derivatives data from Coinglass, which is practically screaming for attention. Volumes surged 54% intraday, open interest jumped 12.5% – all pointing to traders piling into long positions faster than guests at a free cocktail hour. It’s as if they’re whispering, “Darling, this burn might just be the spark for another fabulous ascent.” But with only a 6% spot price tickle, one can’t help but wonder if it’s all a bit overblown. Sarcasm intended, of course. 😉

BONK Derivatives Data Analysis | Source: Coinglass

BONK Price Prediction: Bulls Target $0.000040 After Post-Burn Bounce

The bulls are clinging to that $0.000032 support like a bad habit, thwarting the bears’ every attempt to drag things below the daily mid-Bollinger Band. A cheeky rebound has everyone eyeing $0.000040 with the sort of optimism that usually ends in tears or triumphs. Technical indicators? Oh, MACD’s still above zero, flirting with buyers, and Bollinger Bands are consolidating – no bearish reversal in sight, thank heavens. Break above $0.0000385 with decent volume, and we might waltz to $0.000042. But lose $0.000032, and it’s back to the doldrums at $0.000028. How thrillingly uncertain! 😏

BONK Price Forecast

Solaxy Presale Attracts BONK Traders as Solana Layer 2 Goes Live

BONK’s magnetic charm is pulling traders deeper into Solana’s ecosystem, particularly towards Solaxy, the first Layer 2 chain that’s gone live. With SOL-based memecoins feeling the pinch, everyone’s scurrying to fresher pastures like Solaxy’s SOLX token. The presale is underway, boasting 68% staking rewards and multi-chain compatibility – because who wouldn’t want faster, cheaper transactions for their DeFi dalliances? It’s all very modern and efficient, darling. Pop over to the official Solaxy website if you’re in the mood for a spot of speculation. 💰😂

Solaxy Presale

Read More

2025-07-25 03:56