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TronWeekly

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BONK Price Skyrockets 22%: But Will the ETF Launch Sustain the Rally?

  • BONK led the cryptocurrency market with a 22% surge in the past 24 hours, driven by anticipation of a 2x Long BONK ETF launch by Tuttle Capital.
  • The ETF filing suggests a potential launch date of July 16, sparking investor optimism and increasing buying activity in BONK.
  • BONK's spot net inflow doubled in the last 24 hours, reaching $1.68 million, indicating strong investor demand and positive market sentiment.
  • BONK's positive funding rate in the futures market, trading above its 20-day EMA, and bullish price sentiment point towards a potential breakout to $0.000018.

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