$BONK Crypto Rebound Fuels BONK Rally: Is This Meme Coin Ready for More?

The rally aligns with broader gains in the crypto market, supported by the Federal Reserve's recent interest rate cuts and decreasing concerns about a near-term U.S. recession. Improved liquidity conditions from the new rate-cutting cycle have boosted risk appetite for assets like BONK.

As one of the top meme coins on Solana and the fifth largest by market cap, BONK is now up 30% from its monthly lows. This recent surge is fueled by a sharp increase in trading volume, with $223 million in BONK traded across major exchanges on September 26th alone—marking the highest single-day volume since August 6th.