Coinspeaker
Nov 25, 2025
4 0

BONK Gains 10% as First ETP Launches on SIX Swiss Exchange

BONK's Recent Performance:

  • BONK's price increased by nearly 10% to $0.000009808, with trading volume doubling.
  • Despite the rise, it remains below its all-time high of $0.00005916.

Upcoming Developments:

  • Bitcoin Capital plans to launch the first BONK ETP on the SIX Swiss Exchange on Nov. 27.

Technical Analysis:

  • BONK is forming a bullish falling wedge pattern, signaling potential for a breakout.
  • The RSI stands near 38, indicating bearish control, while MACD remains flat.
  • A breakout could push BONK to $0.00001100-$0.00001300, potentially reaching $0.00002000–$0.00002200 if sustained.
  • Further rally aims at $0.00002800-$0.00003000, signifying over 200% growth from current levels.

BONK daily price action within falling wedge | Source: TradingView

BONK’s Expanding Utility:

  • BONK supports nearly one million holders and integrates with over 400 applications in the Solana ecosystem.
  • Applications include DeFi platforms, NFT marketplaces, payment systems, and gaming environments.

Tokenomics and Institutional Interest:

  • Total supply reduced from 100 trillion to around 88 trillion tokens due to initiatives like BURNmas.
  • Osprey Bonk Trust holds roughly 2.3 trillion BONK, planning an OTCQX listing to increase deflationary pressure.
  • Multiple BONK ETFs, including Osprey and REX products, await SEC review, with leveraged versions considered.