BONK Surges 6% as Solana Ecosystem Momentum Sparks Investor Interest

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. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk’s full AI Policy .

Source: CoinDesk