BONK, a meme coin built on the Solana blockchain, has gained nearly 11% in the past week, showcasing its resilience and hinting at the potential for further upside.
Trading volumes for Solana-based meme coins like BONK and WIF have surpassed $100 million, reflecting growing interest in the sector.
The price of BONK remains stable around $0.00001207, with both whales and smaller holders accumulating the token.
A breakout above $0.0000125 could open the door to $0.000016, backed by a bullish double bottom pattern.