The BONK price skyrocketed to a historic peak of $0.000015, fueled by Coinbase’s official support and a staggering 8,820% surge since October. This meteoric rise has now propelled BONK past PEPE in market capitalization, securing its position as the third-largest meme coin.
BONK’s Unprecedented Rally: Key Drivers
- Coinbase Integration: The Solana-based meme coin gained momentum after Coinbase announced exclusive trading support, boosting investor confidence.
- Market Cap Milestone: BONK flipped PEPE, with its market cap now eyeing SHIBA INU (SHIB)—requiring an additional 800% increase to claim the #2 spot.
- Technical Breakthrough: The price cleared the 2.61 Fibonacci resistance level, though a daily close above it remains pending. A confirmed breakout could propel BONK toward $0.000018 (30% upside).
Technical Indicators to Watch
- RSI Divergence: A bearish divergence on the daily RSI suggests potential short-term consolidation or correction.
- Support Levels: A drop below the current Fib level could retest $0.0000057 (60% decline from the peak).
👉 Discover how BONK compares to other top meme coins
FAQ: BONK’s Surge and Future Outlook
1. Why did BONK’s price surge suddenly?
The rally accelerated after Coinbase’s listing, combined with broader meme coin hype and Solana’s ecosystem growth.
2. Can BONK overtake SHIBA INU?
It would need an 800% increase in market cap—possible but highly speculative given SHIB’s entrenched community.
3. Is BONK’s RSI signaling a downturn?
The bearish divergence indicates overbought conditions, but the price action remains bullish unless key support breaks.
Final Thought: While BONK’s volatility demands caution, its exchange backing and meme coin appeal keep it on traders’ radars. For real-time updates, track BONK/USDT on TradingView.