<ul data-eligibleForWebStory="false">BONK, a meme coin on the Solana blockchain, surges 34% in a week amid bullish market developments.Speculations about a 2x leveraged BONK ETF and a 1 trillion token burn contribute to investor confidence.Technical indicators suggest a breakout from the downtrend with potential further upside growth.With the token's increasing availability and ecosystem expansion, BONK is attracting interest from both institutional and retail investors.