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Bonk ($BONK) Crypto Forecast: Up 5.1% Today

Morpher AI identified a bullish signal. The crypto price may continue to rise based on the momentum of the good news.

What is Bonk?

A cryptocurrency token called BONK is built on the Solana blockchain, recognized for its status as a meme coin in the market.

Why is Bonk going up?

BONK crypto is up 5.1% on Aug 4, 2025 17:16

  • BONK displayed a significant bullish movement today amid the overall positive sentiment in the cryptocurrency market.
  • The decrease in bearish momentum across the market, particularly noticeable in meme coins like BONK, Pudgy Penguins, and SPX6900, contributed to this upward trend.
  • Despite a recent price pullback in BONK, potentially seen as a short-term correction due to lower funding rates and open interest, the market sentiment and reversal in trends supported its bullish trajectory today.
  • Initially, investor focus on the Federal Reserve interest rate decision may have caused some initial uncertainty, but this did not hinder the positive momentum for BONK and other meme coins based on Solana.

BONK Price Chart

BONK Technical Analysis

BONK News

Solana-based Crypto: Bonk, Pudgy Penguins, SPX6900 brace for further recovery as bearish momentum fades

The broader cryptocurrency market begins the week on a bullish note, with meme coins based on the Solana (SOL) blockchain poised for a trend reversal. Bonk (BONK), Pudgy Penguins (PENGU), and SPX6900 (SPX) edge higher to extend the Sunday gains as bearish momentum fades.

https://www.fxstreet.com/cryptocurrencies/news/solana-based-crypto-bonk-pudgy-penguins-spx6900-brace-for-further-recovery-as-bearish-momentum-fades-202508040515

0 News Article Image Solana-based Crypto: Bonk, Pudgy Penguins, SPX6900 brace for further recovery as bearish momentum fades

Bonk Price Forecast: BONK pullback may continue as funding rates, open interest dip

Bonk (BONK) price is edging lower for a fifth consecutive day, trading at around $0.00002741 on Wednesday, as investors shift focus to the Federal Reserve (Fed) interest rate decision.

https://www.fxstreet.com/cryptocurrencies/news/bonk-price-forecast-bonk-pullback-may-continue-as-funding-rates-open-interest-dip-202507301244

1 News Article Image Bonk Price Forecast: BONK pullback may continue as funding rates, open interest dip

Bonk Price History

17.06.2025 - BONK Crypto was up 19.2%

  • BONK has shown a strong bullish trend, with intraday gains exceeding 12% and a 110% surge over the last 30 days, currently trading around $0.00003377.
  • The positive sentiment towards meme coins, including other Solana-based tokens like FLOKI, has contributed to the bullish movement of BONK.
  • Market analysis and predictions indicate a foreseeable upward trajectory for BONK, buoyed by factors such as high open interest and robust revenue generation.
  • The correlation between the surge of meme coins like BONK and the broader market recovery, particularly driven by Bitcoin reaching new highs, implies that favorable market sentiment is propelling these tokens' gains.

07.06.2025 - BONK Crypto was up 8.3%

  • Bonk (BONK) saw a strong bullish movement today, posting significant gains amidst the broader market recovery.
  • The suspension of BONK redemption for Solana Saga owners may have initially caused some downward pressure on the token's price, but the subsequent recovery suggests that investors are still optimistic about its potential.
  • The surge in Open Interest and the overall positive sentiment in the cryptocurrency market likely contributed to Bonk's bullish movement, signaling renewed interest and potential for further upside.
  • The trend reversal in meme coins like Bonk (BONK) and the double-digit gains in other altcoins such as Celestia (TIA) indicate a shift towards riskier assets as investors seek higher returns in the recovering market.

12.06.2025 - BONK Crypto was down 9.5%

  • BONK experienced a strong bearish movement today, possibly due to the overall decline in momentum among the top altcoins as Bitcoin slipped below $108,000.
  • The bullish momentum that meme coins like BONK had been riding on from the broader market recovery seems to have waned, leading to a bearish trend.
  • The extension of tariff deadlines by US President Donald Trump may have also contributed to the negative sentiment in the cryptocurrency market, impacting the movement of assets like BONK.
  • Despite the recent gains and eyeing further growth, BONK faced selling pressure today, possibly as investors reevaluated their positions amidst the market uncertainties.

15.06.2025 - BONK Crypto was up 6.3%

  • BONK experienced a strong bullish movement, trading around $0.000027 after rallying almost 20% the previous week.
  • The bullish momentum of BONK can be attributed to the overall positive sentiment in the cryptocurrency market, with meme coins like BONK, WIF, and FLOKI benefiting from Bitcoin's recovery and hitting new all-time highs.
  • The high open interest (OI) hitting yearly highs and LetBonk.fun topping Solana launchpad revenue also contributed to the bullish movement of BONK.
  • As meme coins continue to attract attention and Bitcoin's price hits record highs, BONK and other meme tokens are likely to extend their gains further.

04.07.2025 - BONK Crypto was up 5.1%

  • BONK displayed a significant bullish movement today amid the overall positive sentiment in the cryptocurrency market.
  • The decrease in bearish momentum across the market, particularly noticeable in meme coins like BONK, Pudgy Penguins, and SPX6900, contributed to this upward trend.
  • Despite a recent price pullback in BONK, potentially seen as a short-term correction due to lower funding rates and open interest, the market sentiment and reversal in trends supported its bullish trajectory today.
  • Initially, investor focus on the Federal Reserve interest rate decision may have caused some initial uncertainty, but this did not hinder the positive momentum for BONK and other meme coins based on Solana.

09.06.2025 - BONK Crypto was down 5.5%

  • BONK faced bearish trends despite the market's upward trend, contrasting with gains in meme coins and altcoins.
  • Suspending BONK redemption for Solana Saga owners may have fueled negative perceptions of the token.
  • The increase in Open Interest signals some investors' optimism towards BONK's potential growth, despite recent setbacks.
  • US President Donald Trump's announcement on tariff deadlines likely intensified market uncertainty, impacting BONK's downtrend.

02.06.2025 - BONK Crypto was up 6.0%

  • Today's upward movement of BONK could be related to the decision to suspend redemption for Solana Saga owners, potentially easing selling pressure on the token.
  • The token's nearly 4% recovery might have been influenced by a rise in Open Interest, indicating renewed attention and potential buying interest in BONK.
  • The convergence of these factors, combined with the generally optimistic sentiment in the cryptocurrency market, likely fueled BONK's significant bullish momentum today.

22.06.2025 - BONK Crypto was up 5.5%

  • The bullish movement of Bonk (BONK) today can be attributed to the overall positive sentiment towards meme coins in the crypto market.
  • The Golden Cross pattern signaling demand resilience for Bonk may have attracted more investors, contributing to the upward price trend.
  • Despite facing minor fluctuations and wobbling in its uptrend, Bonk's ability to maintain momentum amidst market volatility showcases its strong market presence.
  • The continuous gains and rising market cap of Bonk in July indicate growing interest and investment in the Solana-based meme coin, further propelling its bullish trajectory.

16.06.2025 - BONK Crypto was up 16.3%

  • BONK saw a strong bullish movement today, likely fueled by the overall positive sentiment in the crypto market.
  • Highlights point to the bullish momentum of meme coins like BONK, with increased trading volume and optimistic price forecasts being key drivers.
  • BONK's price rally, hitting yearly highs and showing potential for further gains, reflects a growing investor interest and confidence in the token.
  • Riding on Bitcoin's record high, meme coins like BONK may be benefitting from the broader positive trend in the cryptocurrency market.

19.06.2025 - BONK Crypto was down 7.0%

  • The bearish movement of Bonk today could be attributed to profit-taking by investors after a period of substantial gains.
  • The overall market sentiment towards meme coins may have shifted slightly, leading to a temporary dip in Bonk's price.
  • The recent surge in Bonk's price may have attracted short-term traders looking to capitalize on quick profits, contributing to the downward pressure.
  • It's essential for investors in volatile assets like Bonk to stay updated on market trends and news to make informed decisions amidst rapid price fluctuations.

03.06.2025 - BONK Crypto was up 22.6%

  • The surge in BONK's value is likely linked to the general upswing in the cryptocurrency market, especially with Bitcoin surpassing $109,000. This positive movement had a ripple effect on meme coins such as BONK.
  • Initially, the temporary halt in BONK redemption for Solana Saga holders might have influenced a slight drop in the token's price. However, the subsequent modest recovery indicates that investors are optimistic about BONK's potential.
  • BONK's significant gains signal a change in trends, perhaps driven by a resurgence of interest and positive outlook within the cryptocurrency realm.
  • In sum, today's spike in BONK's value can be attributed to various factors including the market rebound, the suspension announcement, and an increase in Open Interest for BONK.

30.06.2025 - BONK Crypto was down 5.8%

  • The decline in BONK's value could be linked to diminishing funding rates and open interest, reflecting a lack of trust from investors.
  • Market attention on the Federal Reserve's interest rate decision may be shifting focus away from riskier assets such as BONK, contributing to the downward trend in its price.
  • Considering the cautious market sentiment and investors' preference for safer investment opportunities amid economic uncertainties, the downward trend in BONK's price is expected to persist in the near future.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.