Bonk released a strong recovery on July 24 and got 6.5% in value from $ 0.0000335 to $ 0.0000357 during the 24-hour window ending 14:00 UTC.
The Solana-based meme token rebound from a previous dip to $ 0.0000311 and recorded an 18% trading area before closing near its daily heights. Price action was run by renewed institutional interest and mounting of traction over the Bonk ecosystem.
The recent proposal for Solana develops to increase the block size by 66% has injected fresh momentum into the Bonk market and amplifies the Meme -took’s bullish course. As Solana’s network scales to meet the rising demand, Bonk – built native on blockchain – is to take advantage of improved flow and lower latency.
This infrastructure upgrade signals long-term confidence in Solana’s capacity to support high-volume applications such as Bonk’s Letbonk platform, which has already caught 64% of Meme token Launchpad market.
Trade volume exceeded 2.1 trillion tokens in the main restore phases, with accumulation patterns clearly at $ 0.000032 support zone. It should be noted that the price pushed against resistance to $ 0.000037 before encountering a profit recording to consolidate about $ 0.0000363.
In the midst of wider crypto market rotation, Bonk’s performance stood out as institutional investors and retailers were about alternative assets. Meme-token’s sustained upward momentum and expanding supply basis suggest resilience as market participants seek exposure to assets with higher beta during periods of macroeconomic uncertainty.
Technical analysis
- Bonk traded between $ 0.0000311 and $ 0.0000363, marking an 18% intraday swing.
- Strong support confirmed nearly $ 0.000032; Resistance solidified near $ 0.000037.
- Volume exceeded 2.1 trillion tokens during improvement and breakout phases.
- Institutional accumulation was visible during key tips throughout the session.
- The late-session tip of 39 billion tokens occurred between 13: 58–14: 01 UTC.
- Trade was narrowed to a 3% tape ($ 0.000035– $ 0.000036) in the last hour’s analysis.
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