{"id":268931,"date":"2025-07-17T09:17:13","date_gmt":"2025-07-17T09:17:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/268931\/"},"modified":"2025-07-17T09:17:13","modified_gmt":"2025-07-17T09:17:13","slug":"burns-adoption-and-how-bonks-price-might-hit-new-price-levels-soon","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/268931\/","title":{"rendered":"Burns, adoption, and how BONK’s price might hit new price levels soon"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways<\/p>\n

BONK has rallied by over 160% thanks to massive growth in BonkFun and SOL staking demand. Will the upcoming 1 trillion token burns fuel the momentum?\u00a0<\/p>\n

BONK<\/a> has seen a strong start to Q3 lately amid massive market interest in its ecosystem. In fact, it has rallied by 160% in the first half of July, reversing nearly all of 2025\u2019s losses.\u00a0<\/p>\n

And yet, underneath the rally, the catalysts driving the memecoin go beyond just hype or FOMO.\u00a0<\/p>\n

BONK \u2013 Adoption and burns<\/p>\n

BONK\u2019s team plans<\/a> to burn 1 trillion tokens if overall holders hit 1 million. According to Solcan, there were 958,362 users at the time of writing.\u00a0<\/p>\n

While the removal won\u2019t do much since there are 88.7 trillion BONK tokens in circulation, the deflationary plan could improve the token\u2019s value in the long run.\u00a0<\/p>\n

Since unveiling its memecoin launchpad platform, BonkFun, in April, has seen massive traction. In fact, the team now holds<\/a> 135.6K SOL in cumulative revenues, with half of it (68K SOL or $11 million) meant for token burns.\u00a0\u00a0<\/p>\n

\"BONK\"<\/a><\/p>\n

Source: LetsBonk<\/p>\n

Based on the press time price, this would burn about 325.2 billion BONK tokens, less than the 1 trillion target.\u00a0<\/p>\n

However, the BonkFun traction has fueled Q3\u2019s rally, too. Notably, the platform surpassed<\/a> even PumpFun recently and mirrored BONK\u2019s strength on the price charts.\u00a0<\/p>\n

Institutions jump on BONK SOL staking<\/p>\n

Beyond the memecoin launchpad, the team\u2019s BONK staked SOL, a liquid staking offering that allows users to earn rewards, saw an uptick recently. <\/p>\n

From 64K SOL to over 115K SOL in a few weeks, the growth highlighted strong investor interest in its staking provision.\u00a0<\/p>\n

\"BONK\"<\/a><\/p>\n

Source: DeFiLlama\u00a0<\/p>\n

Collectively, these catalysts and the ecosystem growth have boosted the native token \u2013 BONK. <\/p>\n

When plotted from its November 2024 peak and April 2025\u2019s lows, the press time rally appeared to be nearly 50% away from last year\u2019s peak.\u00a0<\/p>\n

\"BONK\"<\/a><\/p>\n

Source: BONK\/USDT, TradingView\u00a0<\/p>\n

Technical indicators showed strong bullish leaning with the daily RSI crossing into the overbought zone. While this could signal a likely cool-off in the near term, reclaiming the 50% Fib level ($0.0000035, red zone) as support could confirm further uptrend.\u00a0<\/p>\n

If bulls succeed, the immediate targets would be $0.000042 and $0.00005, offering a potential 18%-43% gain if hit.\u00a0<\/p>\n

However, any pullback that stays above May\u2019s peak at $0.00002 (cyan) could still be a buying opportunity if the bullish catalysts persist. On the contrary, a drop below $0.00002 would dent the bullish structure, invalidate the above thesis, and embolden short sellers.\u00a0<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: ONDO\u2019s triangle breakout \u2013 How high can its price really go?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways BONK has rallied by over 160% thanks to massive growth in BonkFun and SOL staking demand.…\n","protected":false},"author":2,"featured_media":268932,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-268931","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114867827358679927","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/268931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=268931"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/268931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/268932"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=268931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=268931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=268931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}