Bonk, the Solana-based meme-token, advanced 4% over the past 24 hours and reached $ 0.0000218 before settling around $ 0.0000213.
The strongest push came at. 19:00 UTC Wednesday when Bonk ran 1.9% from $ 0.0000211 to $ 0.0000215, propelled by a 574.8 billion token volume spike. Sellers closed speed to $ 0.0000215, but support consistently reappeared near $ 0.0000212, enhancing token’s resilience.
Bonk traded within an 8% intraday interval, which reflects sustained volatility, according to Coindesk Research’s technical analysis data model.
Institutional confidence in Solana continues to grow. Galaxy Digital, Multicoin Capital and Jump Crypto are at the forefront of a $ 1 billion Solana Investment Fund, supported by Cantor Fitzgerald’s infrastructure. The initiative exceeds existing Solana allocations by 150%and can channel significant liquidity to Solana-native projects with Bonk among the ecosystem’s most actively traded tokens.
Separately, the Beverage Company Safety Shot recently completed a bonk allocation of $ 25 million to finance most of a $ 30 million increase. While the message came earlier this week, it will remain a milestone for Meme coin -recording in Corporate Treasury Management. Together, this development shows how Bonk moves beyond its origin in institutional conversations about liquidity and diversification.
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