BTC
$116,519.54
–
2.91%
ETH
$3,040.60
+
0.82%
XRP
$2.8899
–
1.93%
USDT
$0.9997
–
0.03%
BNB
$682.71
–
1.46%
SOL
$160.16
–
2.39%
USDC
$0.9999
+
0.01%
DOGE
$0.1921
–
3.58%
TRX
$0.2981
–
0.69%
ADA
$0.7241
–
1.28%
HYPE
$47.50
–
0.47%
XLM
$0.4471
–
2.01%
SUI
$3.9545
+
1.92%
LINK
$15.53
–
2.75%
HBAR
$0.2318
–
3.22%
WBT
$45.04
–
1.77%
BCH
$487.58
–
3.27%
AVAX
$21.16
–
1.49%
LEO
$8.9903
–
0.05%
SHIB
$0.0₄1317
–
1.38%
By Jamie Crawley, CD Analytics|Edited by Sheldon Reback
Jul 15, 2025, 3:18 p.m.
- Institutional interest accelerates BONK’s breakout higher as derivatives volume spikes.
- Community-driven burn of 1 trillion tokens adds deflationary pressure.
- BONK nears 1 million holders, reinforcing long-term ecosystem growth.
BONK saw a 15% breakout, driven by a jump in trading activity and rising on-chain traction.
With open interest increasing 9% and derivatives volume also higher, market participants are signaling increased conviction in the Solana-based meme token’s upside potential, according to CoinDesk Research’s technical analysis data model.
STORY CONTINUES BELOW
Much of the excitement stems from BONK’s evolving fundamentals. The project recently announced plans to burn 1 trillion tokens, a move that could significantly reduce supply and strengthen the case for long-term appreciation.
The community is pushing aggressively toward reaching 1 million on-chain holders, a symbolic milestone for adoption, which will also trigger the aforementioned burn.
The momentum kicked off on July 14 at 13:00 UTC, with BONK rising steadily from $0.000027 and peaking at $0.000031 by 07:00 on July 15. That rally was accompanied by massive activity — over 3.5 trillion tokens were traded during the peak hour, marking a period of institutional-grade breakout volume.
Grayscale’s inclusion of BONK on its asset watchlist further signaled a shift in perception, as meme tokens evolve from speculative plays to legitimate vehicles for market participation.
With deflationary mechanics, deepening liquidity, and growing institutional validation, BONK may be primed for further momentum in the days ahead.
- BONK rallied 15% to $0.000031 (July 14 13:00–July 15 12:00 UTC).
- Trading volume topped 3.5 trillion tokens during the 06:00–07:00 UTC breakout phase.
- Open interest surged 9%, while derivatives activity spiked sharply.
- A planned 1 trillion BONK token burn introduces a deflationary catalyst.
- Price consolidated at $0.000028 following the rally; support held at $0.000026
- BONK spiked 2% in minutes at 12:30 UTC on 75 billion tokens exchanged.
- Current price: $0.0000294, with daily gains of 7.8% and bullish structure intact.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
