BONK has rallied 6%, recovering from earlier declines to reach $0.000036. The Solana-native meme coin traded in a wide 12% range, moving between $0.00003276 and $0.00003670, with pronounced volatility offering opportunity for accumulation by strategic buyers.
Price momentum was strongest between 12:00 and 13:00 UTC on July 28, when BONK surged to its daily high of $0.00003670 on exceptional volume of 3.8 trillion tokens, according to CoinDesk’s technical analysis data model.
High-intensity buying also emerged during the 13:32–13:35 UTC interval, where trading volumes topped 115 billion tokens per minute, a move which appeared to signal institutional confidence.
The rally coincided with encouraging network-level data for Solana. Non-fungible token (NFT) trading activity on Solana hit a Q3 high on July 28, with total daily sales and unique buyers rising to their strongest levels since mid-June, according to SolanaFloor. This renewed momentum across Solana’s broader ecosystem likely contributed to BONK’s bullish reversal, reinforcing market conviction in the meme token’s ecosystem positioning.
Technical Analysis
- BONK traded between $0.00003276 and $0.00003670, a 12% intraday range.
- Volume exceeded 3.8 trillion tokens during midday rally from 12:00–13:00 UTC.
- Price rebounded 1% from $0.00003590 to $0.00003629 in the final hour.
- Key support held at $0.000033, with institutional bids during price dips.
- 13:32–13:35 UTC marked the highest minute-by-minute volumes at 115B tokens.
- Solana NFT activity hit Q3 highs on July 28, according to SolanaFloor.
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