BONK (BONK) has once again grabbed the attention of investors as Bitcoin (BTC) consolidated above $68K, sparking a rally in the memecoin market.

- BONK is up 5.8% on the day and 36% over the past 30 days, with a market cap of $1.71 billion.

- BONK trading volume has grown 76%, reaching $285 million.

- Bitcoin traded steadily, while the total crypto market cap has grown to $2.48 trillion.

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- BONK's partnership with Osprey Funds to launch an ETP has attracted attention.

- Analysts predict continued growth in memecoins.

Read more: BONK jumps 8%, but bears resist at critical levels.