BONK (Bonk) rose 10.11% in the last 24 hours

Gate News Bot News, July 15, according to CoinMarketCap data, as of the time of publication, BONK (Bonk) is currently priced at $0.0000295554, with a 10.11% pump in the last 24 hours, peaking at $0.0000298445 and dropping to a low of $0.0000199037. The 24-hour volume reached $1.205 billion. The current market capitalization is approximately $2.39 billion, an increase of $219 million compared to yesterday.

BONK is an ecosystem that includes multiple projects. Its main projects include BONKrewards (a staking rewards platform), BONKmark (on-chain e-cards), Bonk Scooper (a token conversion and account cleaning tool), BONKlive (a token issuance platform), and BONKbets (a sports betting website). The BONK ecosystem also includes Moonwalk (a step challenge app), Exchange Art (an NFT market), BONK Art Masters (artist BONK-themed creations), LETSBONK (a meme token issuance platform), and Buddies for Paws (a charity project), among others.

Important news about BONK recently:

1️⃣ BONK. fun platform trading activity skyrockets Bonk. fun platform has recently performed well, with daily transaction fees exceeding 1 million USD for 6 consecutive days, peaking at 1.27 million USD on July 11. The total accumulated transaction fee income over 7 days reached 7.93 million USD. The platform mechanism shows that 58% of the transaction fees are used for BONK token repurchase, creating structural buying pressure that pushes the BONK price to rise.

2️⃣ Technical breakout of key resistance level The price of BONK has broken through the key historical resistance level of $0.00002626, which previously led to the end of the 2025 April surge. Currently, BONK is above the 200-day exponential moving average, confirming a long-term uptrend. The next target could be $0.0000364, corresponding to a 37% rise.

3️⃣ Institutional capital inflow signs are evident On-chain data shows that major exchanges have a total net outflow of $1.9 million worth of BONK tokens. This indicates that institutional investors and long-term holders are accelerating their accumulation, forming a strong bullish signal. Spot accumulation is countering the overbought pressure from derivatives, which may serve as energy for breaking through key resistance.

On the technical side, the RSI indicator has entered the overbought zone and may face a risk of correction in the short term. Investors should closely monitor the sustainability of the transaction fee revenue from the Bonk. fun platform, as well as whether the RSI indicator forms a bearish divergence structure.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.