- Bonk’s price has risen as open interest and derivatives volume increase.
- The memecoin’s price reached double digits to cross the $0.000030 level.
- BONK could surge toward $0.00050 as bulls target a new push.
Bonk (BONK) climbed more than 10% to highs near $0.0000305 in the last 24 hours, as the Solana-based memecoin saw a notable rise in open interest and derivatives volume.
This rally follows a broader rebound in leading memecoins and coincided with Bitcoin’s strong move above $122,000 in recent days, a development that helped spark a bounce across many altcoins.
Bitcoin’s rise has supported memecoins such as Dogecoin, Pepe, Dogwihat and Bonk. Renewed market sentiment — including interest around the Pump.fun token launch — has also helped fuel the recovery among meme tokens.
Bonk price jumps as open interest rises 9%
As noted, Bonk’s price advance has been accompanied by greater market activity.
A key metric, open interest, increased about 9%, bringing total positions in the token to roughly $48.5 million.
According to data from Coinglass, this expansion comes alongside a 20% rise in derivatives volume, which surpassed $534 million.
On spot markets, BONK’s 24-hour trading volume reached $1.34 billion, up about 23% over the period.
The surge in derivatives activity suggests growing investor confidence, possibly supported by recent community initiatives such as the push to reach one million on-chain holders.
Bullish staking activity has also picked up as BONK prepares for a planned token burn of one trillion BONK.
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 that milestone is reached, it would create token scarcity and could boost Bonk’s value.
Bonk price prediction
Most cryptocurrencies have experienced a pickup in recent weeks, with bullish outlooks for altcoins and meme tokens as Bitcoin searches for new highs.
Bonk appears to be following a similar trajectory, with recent lows near $0.000027.
Currently, bulls will likely aim to keep price above $0.000028 and push for a breakout above $0.000035.
With price moving inside an upward channel in recent weeks, buyers may have the edge. However, technical indicators present a mixed picture for Bonk’s near-term performance.
The 14-day Relative Strength Index (RSI) sits at 76, indicating overbought conditions that could lead to a short-term correction.
Conversely, the daily Moving Average Convergence Divergence (MACD) provides a bullish signal: the histogram has expanded following a bullish crossover.
The combination of rising open interest, healthy trading volume and supportive technical signals paints a largely bullish outlook for Bonk.
Despite the overbought RSI suggesting caution, the MACD and broader crypto market projections favor buyers. Key support levels to watch are $0.000026 and $0.000015.