Why Is BONK Up? ETF News Provides a Powerful Catalyst

BONK’s price surged nearly 20% in the last 24 hours. Trading volume exploded by over 315%, signaling strong buyer interest. A potential 2x Long BONK ETF from Tuttle Capital could launch by July 16. The Solana-based meme coin Bonk (BONK) is soaring today, with its price jumping nearly 20% in the last 24 hours. This sharp rally is not random; it’s fueled by a potent combination of speculative ETF hype, bullish technical breakouts, and strengthening fundamentals within the Solana network. The move answers the key question traders are asking today: “Why is BONK’s price up?” The answer points to a convergence of factors that suggest a growing appetite for structured exposure to high-profile meme coins. ETF Filing Sparks Speculative Demand A primary catalyst for the rally is a procedural update from Tuttle Capital Management regarding its proposed 2x Long BONK ETF. While the product is not yet approved, a recent filing specified that the exchange-traded fund could potentially go live as soon as July 16. Related: BONK Leads Altrank List with 66.67% Weekly Gain, Followed by Monero and Sei Besides BONK, the proposed ETF suite includes similar funds for tok… The post Why Is BONK Up? ETF News Provides a Powerful Catalyst appeared first on Coin Edition .

Source: Coin Edition