Token Burn and Whale Moves Soar BONK 25%: Price Prediction

Bonk has gained 10% in 24 hours and 25% from its 24-hour low to $0.00002596.

Its price is unchanged in a week but up 16% in a fortnight, with its gains today coming as Bonk DAO proposes burning 84 billion BONK.

The meme coin has risen 7,300% in a year, and whales have been accumulating over the last week.

Bonk may increase more since the market seems to have started a medium-term rebound today.

BONK's chart is positive, although a slight correction may be coming.

From 25 yesterday, its relative strength index (purple) rose to 70 today and remains high.

Even more positive is BONK's 30-day average (orange), which crossed the 200-day (blue) late yesterday and is rising, suggesting additional gains over the next day before a pullback.


BONK's trade volume rose from $250 million yesterday to $800 million today, which is positive.

Significant demand in the meme coin may have been driven by bigger trades and whales.

The announcement of an 84 billion BONK burn drives this demand today.


Bonk DAO's X account provided this information, and although no other source has validated it, it would raise BONK, even with a 93.5 trillion supply.

Since BONK and the market have struggled this month, it may rise in the coming weeks.

In recent days, Mt. Gox-related selloffs have caused losses, but things seem to have steadied.

The debut of Ethereum ETFs is also promising for the cryptocurrency sector.

Rate cuts may start in the autumn, boosting cryptocurrency demand, particularly BONK.

Given this and the probability of burns, Bonk might reach $0.00003 in the next weeks and 0.00004 by year's end.

#BONK $BONK