Bonk (BONK) is back in the headlines after a significant token burn reignited investor interest, propelling its price up by 161% over the past month. Over 500 billion BONK tokens were permanently removed from circulation, a move driven by transaction fees collected on LetsBONK.Fun, Bonk’s Solana-based meme coin launchpad. This deflationary action, coupled with increasing demand, has pushed Bonk's market capitalization to nearly $3 billion, making it the fifth-largest meme coin.
Currently, BONK is consolidating within a narrow price range, with resistance at $0.00003600 and strong support at $0.00003300. The robust performance of LetsBONK.Fun, which recently captured 56% of daily revenue among meme coin launchpads on Solana, is a key factor in Bonk's sustained momentum, indicating its growth beyond a typical meme token into a significant ecosystem player.
Meanwhile, a new presale cryptocurrency, Bitcoin Hyper, is attracting considerable attention. This project aims to scale Bitcoin through its own Layer 2 infrastructure, positioning itself as a potential 100x gem and a highly watched presale for Q3 2025.
July 2025, Cryptoniteuae