BONK Turns Parabolic; ETF and Token Burn Fuel Rally
The post BONK Turns Parabolic; ETF and Token Burn Fuel Rally appeared on BitcoinEthereumNews.com.
Key Notes BONK surged 11% as ETF speculation and an imminent 1T token burn ignited bullish momentum. Indicators like RSI, MACD, and BoP all align to support continued upward price action. BONK could target $0.00003474 and beyond, with Fib levels pointing to new all-time highs. . BONK, the Solana-based meme token, recorded a 20.43% surge in its trading volume, while its price rose by more than 20%, hitting a daily high of $0.00001864 before stabilizing around $0.00001855 at the time of writing. Although the token remains 68.71% below its all-time high of $0.00005916, momentum is building rapidly for the fifth-largest meme coin, as per CoinMarketCap data. Fundamentals Align for Liftoff Two major developments are driving the bullish sentiment around BONK. First, there is mounting speculation surrounding a 2x leveraged BONK ETF, with Tuttle Capital Management confirming that the product could launch as early as July 16, pending regulatory approval. Such a listing would mark a milestone for meme tokens, opening up BONK to a broader class of institutional and speculative investors. 🚨 @bonk_inu BONK IS BACK IN BEAST MODE 🚨 • +8% in 24hrs only • Nearing 1M holders → triggers 1T token burn • 2x BONK ETF could launch July 16 • https://t.co/bMgrr6zUxh just flipped https://t.co/jFj0mLD53Z in volume • 50% of platform revenue = BONK buybacks 🔥 What… — Justin Wu π (@hackapreneur) July 3, 2025 Secondly, BONK is approaching a pivotal community milestone: 1 million holders. Once that threshold is crossed, a massive 1 trillion token burn is expected to be triggered. With over 943,000 holders currently, this burn event is imminent and could drastically reduce the circulating supply — a bullish signal that might intensify upside pressure. On the other hand, analyst Unipcs shared bullish thoughts on BONK, highlighting the token’s listing on major platforms, including Robinhood,…
