Meme Coin BONK Continues to Attract Crypto Whales : Is an Explosion Imminent ?

The memecoin Bonk garners attention with a 4% surge and an 8% rise in open interest in 24 hours. Will it reach the $0.000025 threshold ? Analyzing the potential.

Written by Charles Ledoux

Translated on July 8, 2025 at 11:10 by Marie

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BONK Memecoin Explodes and Attracts All the Whales

The memecoin Bonk has recently experienced strong demand and persistent bullish momentum, hinting at the possibility of crossing the key threshold of $0.000025 in the near future. With a price increase of over 60% in one week and an 8% rise in open interest over the last 24 hours, speculative activity around Bonk appears to be intensifying.

Looking for another +50% on $BONK this week pic.twitter.com/V2xhO9PAaR
— TheS◎Lstice (@The__Solstice) July 8, 2025

Indeed, this growing speculative activity reinforces the market’s bullish dynamics. Although the long-term weekly chart structure remains bearish, requiring support at the $0.000026 level to reverse the trend, the current strong demand could allow this Solana memecoin to surpass the peaks reached in May.

Analysis shows that BONK could well reach the $0.000035 resistance in the coming days. The CMF indicator shows capital inflows not recorded since November 2024, just before its explosion and new ATH two weeks later.

A Bearish Long-Term Structure and a Crucial Resistance

Today, BONK broke through its POC at $0.0000224 and is heading toward the $0.000025 resistance level in the coming days.

However, to restart a bullish long-term structure, the token will need to break through the protected high at $0.000035. A breakthrough of this resistance would signal the potential to reach a new ATH. A rejection at these resistance levels could trigger a pullback to $0.000019.

Although current momentum favors the memecoin, traders and investors should keep in mind that the weekly chart structure remains bearish. Long position traders are advised to take profits around $0.000026 and carefully observe price developments before making their next decision.

How to Bet on Bonk in 2025 ?

If BONK breaks through the $0.000025 resistance, it will likely reach $0.000035 in the following days. This represents a gain of over 35%. To capitalize on this momentum, here are the simple steps to buy Bonk on BitMart :

Create an Account
Visit BitMart, click “Register,” enter a valid email and secure password, then validate through the link.
Verify Your Identity
Log in, access “Identity Verification,” upload an ID document and proof of address.
Add Funds
In “Wallet” > “Deposit,” choose USDT, transfer from a wallet or deposit via card.
Buy
Go to “Spot Markets,” search for BONK/USDT, choose an order type (market or limit), specify the amount, and confirm.

BONK is available on BitMart – Buy it now

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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DISCLAIMER

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