BONK's surge of over 20% is attributed to ETF speculation and the growth in Solana's staking and DeFi ecosystem.
17,599 Saga allocations were claimed as part of the BONK DAO treasury, with unclaimed tokens reverting to the community vault.
The rally in BONK is not only driven by technical movements but also by the anticipation around the 2x Long BONK ETF submitted by Tuttle Capital.
Derivatives trading volume for BONK surged by 185.72% in the past day, reaching $70.41 million, while the open interest for active futures contracts also rose significantly.