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Why Is BON...
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Coinpedia

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Why Is BONK’s Price Surging?

  • 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.

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