- $BONK surged 4% in 24 hours, outperforming other Solana memecoins with a 15% monthly gain. Traders remain bullish despite a slight pullback from intraday highs.
- Whales are accumulating, with smart money wallets like one linked to Squads Protocol buying over $936K worth of $BONK. BONK showed positive net inflows while most other memecoins saw outflows.
- Technical indicators suggest a potential breakout, with a double bottom pattern forming and key resistance at $0.0000202. If cleared, $BONK could rally up to $0.000055 based on chart projections.
$BONK just keeps pressing forward. The Solana-based memecoin shot up 4% in 24 hours on May 26, and it’s already up 15% this month. That puts it ahead of rivals like WIF and Popcat, at least for now.
Earlier today, $BONK poked its head above $0.0000217 but pulled back slightly to $0.0000205. Even with the dip, traders aren’t backing down—momentum from the past 30 days has solidified BONK’s spot as Solana’s top memecoin (for the moment anyway).
Whales Are Loading Up on BONK
With a market cap hovering around $1.63 billion, a lot of eyes are glued to this chart. And it’s not just retail jumping in—whales are taking bites too.
According to Stalkchain, which tracks smart money flows, $BONK was the most accumulated token by big wallets over the past week. One wallet tied to Squads Protocol kicked off a DCA spree on May 22, buying nearly $936K worth of $BONK. That same wallet now holds over 85.9 billion tokens—valued around $1.81 million.
What’s especially interesting? This goes against the grain. Most Solana-based memecoins saw capital leaving last week. On May 25 alone, net outflows from top meme tokens hit $3 million. Meanwhile, BONK posted a rare positive flow: +$281K.
Others Falter, But BONK Keeps Climbing
Take WIF for example—it was the most dumped token by smart money over the last 24 hours, with over $250K in outflows. BONK, on the other hand, is defying the trend.
And it’s not just about long-term whales. One sharp trader pocketed $34,760 in profit in just three days flipping $BONK. He scooped up 20.4 million tokens for around $437K and sold into the pump at $472K after it clipped $0.0000217. Clean.
Crypto Twitter’s loving it too. Traders are starting to throw out some big market cap projections. One attendee at a recent Solana event called BONK his “top bet,” suggesting a $15B cap could be on the horizon—a wild 826% leap from here.
Can the Chart Deliver the Goods?
Now for the technical stuff. $BONK’s daily chart is showing signs of a double bottom, which usually signals a bullish reversal. Key neckline resistance sits up at $0.0000327.
It’s bounced nicely off its April lows and seems ready to make a push, but it’s still trading just under a key resistance around $0.0000202. If it clears that with conviction, we could be looking at a sharp move up—possibly even to the $0.000055 range if Fibonacci extensions are on point.
RSI’s sitting at 51.49—neither hot nor cold—so there’s room to run if momentum picks up. That said, it’s not a done deal yet. The rise of fresh memecoins could muddy the waters and split trader attention.
Final Thought
Right now, $BONK is flashing all the right signals—solid whale interest, bullish patterns, and strong market sentiment. But confirmation’s still needed. If it pops above resistance cleanly? We might just be looking at the next major Solana memecoin breakout.
Stay sharp.
