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.