$778 Million in Bonk (BONK) in 24 Hours as Price Skyrockets 10%

BONK Rally Triggers Bullish Momentum

Bonk (BONK) is experiencing a surge in investor interest, triggering a strong upward rally. Key metrics indicate a significant increase in trading activity and open interest.

Increased Trading Volume

BONK's trading volume has spiked by 36.8% in the past 24 hours, reaching an impressive $778.9 million. This surge signifies increased trading activity and investor involvement.

Open Interest Jumps

Open interest has also witnessed a notable 19% jump to $332.7 million. This suggests that investors are opening more BONK positions, indicating growing confidence in the meme coin.

Price Rise and Potential

At the time of writing, BONK is trading at $0.00002604, reflecting a 10.91% surge in the past 24 hours. The coin's market capitalization has also climbed by 11.47% to $1.84 billion, making it the 50th largest cryptocurrency.

With its active community and support from Solana enthusiasts, BONK has the potential to continue its upward trajectory, mirroring the success of other popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The current rally holds promise for further price increases and the establishment of a more sustained price surge.