Bonk (BONK) is up 16.4% this week, according to TradingView.

Bonk, the fifth-ranked meme coin on Solana by market cap, is up 30% from its monthly low.

The coin’s latest price surge comes amid rising trading volumes. Yahoo Finance reported $223 million worth of BONK traded across major exchanges on September 26.

This is the largest single-day trading volume since August 6, but the day is not over yet.

Bonk's comeback from September lows coincides with a surge in the crypto market.

Last week, the Fed started cutting interest rates and easing US recession fears have boosted risk appetite.

Risk assets benefit from a new rate-cutting cycle, which should boost global liquidity.

Some people are hoping for a new meme season.

Bonk, a popular meme coin from Solana, could benefit.

This could be the next step for this coin.

What will BONK do next?

BONK chat is not very excited about the new meme season.

However, BONK remains below summer growth.

Bears could see a short term dip to $0.0000028.

BONK's bullish week

The October–December 2023 meme season will be remembered by traders.

Bears were blown out by BONK, up 10x.

Solana meme coin BONK may not 10x again, but it could easily break its record high of $0.0000040.

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