BONK Rallies 6% Amid Rising Solana NFT Trading Activity
BONK increased by 6%, reaching $0.000036 after earlier declines. The meme coin traded within a 12% range, between $0.00003276 and $0.00003670, indicating notable volatility for strategic accumulation.
The peak price occurred on July 28 from 12:00 to 13:00 UTC, hitting $0.00003670 with a volume of 3.8 trillion tokens. A significant buying surge also happened between 13:32 and 13:35 UTC, with trading volumes exceeding 115 billion tokens per minute, suggesting institutional confidence.
This price movement coincided with strong network activity for Solana, as NFT trading reached Q3 highs, with total daily sales and unique buyers at their highest since mid-June according to SolanaFloor. This positive momentum likely influenced BONK's recovery.
Technical Analysis
- BONK traded in a 12% intraday range from $0.00003276 to $0.00003670.
- Volume surpassed 3.8 trillion tokens during the midday rally.
- Price rebounded 1% from $0.00003590 to $0.00003629 in the final hour.
- Key support held at $0.000033, with institutional bids during dips.
- Highest minute-by-minute volumes occurred from 13:32–13:35 UTC at 115 billion tokens.
- Solana NFT activity reached Q3 highs on July 28.