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ETF Hype Drives BONK Price Surge Over 20%

  • 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.

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