BONK, a leading dog-themed memecoin on Solana, has surged 58% over the past week, fueled by potential ETF launch news and a booming launchpad ecosystem.
Tuttle Capital Management filed to launch a 2x leveraged BONK ETF, while BonkFun gained momentum as a gamified memecoin launchpad platform, outperforming PumpFun.
BonkFun's market share hit 51%, surpassing PumpFun's 39.9%, indicating a shift in platform dominance. Increased activity on BonkFun leads to greater demand for the BONK token.
BONK hit record trading volumes, reaching $402 million in a day, outperforming other platforms on Solana. Analysts suggest a potential breakout as it breaks resistance levels and shows upward momentum.