news 
**BONK (BONK) Price: Solana Meme Coin Surges 70% as Bonk.fun Platform Drives Demand**
In a remarkable turn of events, BONK, a meme coin on the Solana network, has experienced an unprecedented surge of 70% over the past 10 sessions. This extraordinary performance has seen the token outperform both Bitcoin and Dogecoin, sending shockwaves throughout the crypto community.
As we delve deeper into this phenomenon, it becomes apparent that Bonk.fun’s platform growth is driving demand for the BONK token. The platform’s launchpad, which allows users to fund their projects, has recorded a staggering $7.93 million in fees over seven days. Moreover, an astonishing 58% of these fees have been utilized for buying back BONK tokens, thus creating sustained demand pressure.
It is essential to highlight that this remarkable growth has not gone unnoticed by investors and analysts alike. According to CoinGecko data, the token has seen a whopping 40.4% gain over the past week, accompanied by a 65.1% increase in trading volume during the same period. As such, it appears that there is sustained investor interest in this Solana-based meme coin.
Notably, BONK now faces a crucial resistance level of $0.00002626, which was previously breached and reversed in April 2025. A successful bounce from this support level would substantiate the breakout strength of the token.
As we examine the charts further, Trader Edge highlights that Fibonacci-based projections suggest potential upside targets within the range of $0.000030 to $0.000032 if the resistance breaks. Additionally, a possible 37% gain to $0.0000364 could also be on the cards if this trend maintains its trajectory.
As we continue to monitor BONK’s price action and sentiment, it becomes clear that Solana-based meme coins are garnering significant attention in the market. This remarkable growth has not only surpassed expectations but also demonstrates a notable shift in investor interest.
Source: coincentral.com
