BONK Rebounds 6% on Institutional Buying as Solana NFT Activity Hits Quarterly Peak

BONK rallied 6% on July 28, reversing earlier losses to trade at $0.000036, amid renewed accumulation from institutional buyers and a surge in Solana network activity.

The Solana-based meme coin experienced a volatile session, swinging within a 12% intraday range between $0.00003276 and $0.00003670. Price momentum peaked between 12:00 and 13:00 UTC, when BONK surged to its daily high on heavy trading volume of 3.8 trillion tokens, according to CoinDesk’s technical analysis model.

A key inflection point came during the 13:32–13:35 UTC window, with trading volumes spiking to 115 billion tokens per minute—activity that likely reflected institutional bid interest amid brief price dips.

The rally was supported by broader strength in the Solana ecosystem. Solana NFT market data showed a Q3 high on July 28, with both total daily sales and unique buyers reaching their highest levels since mid-June, according to SolanaFloor. The uptick in on-chain engagement appears to have reinforced bullish sentiment around BONK.

Technical Highlights:

• BONK traded in a 12% range, between $0.00003276 and $0.00003670.
• Volume topped 3.8 trillion tokens during the midday surge (12:00–13:00 UTC).
• The token rebounded 1% in the final hour, closing at $0.00003629.
• Key support held at $0.000033 amid visible institutional accumulation.
• Highest per-minute volume observed at 115B tokens between 13:32–13:35 UTC.
• Solana NFT activity hit its strongest levels of Q3, per SolanaFloor data.

BONK’s rebound highlights the growing alignment between token momentum and broader Solana ecosystem performance, with institutional flows adding further credibility to the meme token’s positioning within the network.