- Bonk price rose as open interest and derivatives volume jumped.
- The memecoin’s price climbed into double digits and surpassed the $0.000030 level.
- BONK could rally toward $0.00050 as bulls target a renewed uptrend.
The price of Bonk (BONK) surged more than 10% in the past 24 hours, reaching highs of $0.0000305, as the Solana-based memecoin saw a sharp increase in open interest and derivatives activity.
This move follows a broader revival among top memecoins and coincided with Bitcoin breaking above $122,000 in recent days, a development that helped lift many altcoins.
Rising BTC has benefited memecoins such as Dogecoin, Pepe, dogwihat and Bonk. Fresh positive sentiment has also been driven by recent community initiatives and token launches like Pump.fun PUMP, which helped ignite the overall memecoin recovery.
Bonk price jumps as OI rises 9%
As noted, Bonk’s price advanced alongside a notable uptick in market activity.
One key metric is open interest, which climbed 9% to push the total amount wagered on the token to $48.5 million.
Coinglass data shows this increase coincided with a 20% rise in derivatives volume, which exceeded $534 million.
BONK’s 24-hour spot trading volume reached $1.34 billion, up 23% over the same period.
The surge in derivatives activity suggests growing investor confidence, likely supported by community-driven efforts such as a campaign to reach one million on-chain holders.
Bullish sentiment is also tied to plans for a large token burn: the community has proposed burning one trillion BONK once on-chain holders hit one million, which would reduce supply and could add upward pressure to the token’s value.
954,843
What is this number?
The number of on-chain Solana holders of $BONK
Once this number goes to 1,000,000 — one trillion BONK will be burned 🔥
Send some $BONK to your mum, dad, or even your dog
Have you BONKED someone today yet?
— Tendies (@tradefortendies) July 13, 2025
If the burn is executed, the resulting scarcity could increase Bonk’s value.
Bonk price forecast
Most cryptocurrencies have experienced gains in recent weeks, with bullish forecasts for altcoins and memecoins reaching new highs.
Bonk appears to be following a similar trajectory after recent lows near $0.000027.
For bulls, maintaining the $0.000028 level is important while the next upside target sits above $0.000035. With the price traveling in an upward channel in recent weeks, buyers currently seem to have the edge, though indicators give a mixed view of future performance.
On the technical side, the 14-day relative strength index (RSI) is around 76, signaling overbought conditions that could prompt a short-term pullback.
Conversely, the daily moving average convergence divergence (MACD) is showing a bullish signal: the histogram has expanded following a bullish crossover.
The combination of rising open interest, strong trading volume and supportive technical indicators paints a largely bullish picture for Bonk. While the elevated RSI advises caution, the MACD and broader long-term crypto projections favor buyers. Key support levels to watch are $0.000026 and $0.000015.