BONK Surges Past TRUMP to Become Fourth Largest Memecoin Amid Community Rally and ETF Buzz

BONK extended its remarkable rally, gaining 11% over the 24-hour period ending July 8, with trading volume soaring beyond $1 billion.

After dipping to a low of $0.000021124, BONK staged a strong rebound, closing at $0.000022868. The token currently trades near $0.0000228—slightly below its peak but well within bullish territory.

A consolidation range formed between $0.000022848 and $0.000023033, highlighted by a breakout attempt at 10:25 GMT paired with a surge in volume, signaling increasing buying momentum.

Social media activity has mirrored the price action. Posts on X (formerly Twitter) celebrated BONK overtaking TRUMP to become the fourth largest memecoin by market capitalization.

The community-driven bonk.fun platform, now commanding 54.7% market share, has been credited with fueling both user engagement and on-chain buybacks.

Additionally, the token’s vibrant meme ecosystem and plans for upcoming art-based campaigns and NFT-style projects have sparked optimism for new growth avenues.

On the institutional front, speculation around a 2x leveraged BONK ETF from Tuttle Capital, combined with dovish signals from the Fed and tariff delays, have broadened appetite for crypto risk.

With strong volume confirming support levels and a highly active community energizing both meme culture and DeFi participation, BONK appears well-positioned for further gains in the near term.

Technical Highlights

• BONK traded within an 11.49% range on July 8, moving between $0.000021124 and $0.000023862.
• Key support at $0.000021124 was reinforced by a 2.60 trillion volume reversal.
• Price consolidation in the $0.000022848–$0.000023033 band formed late in the session.
• A 41.5 billion unit volume spike at 10:25 GMT indicated fresh buying pressure and a breakout attempt.
• Average volume in the final hour reached 11.2 billion units per minute, sustaining demand.
• BONK’s flip of TRUMP to claim the fourth largest memecoin spot was bolstered by strong social momentum.
• Dominance of the bonk.fun platform and upcoming meme-art initiatives support a positive long-term outlook.

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