Home Crypto Investing & Trading 📈 BONK’s 158% July Surge: Can Buybacks Fuel More Gains? 🔥💸

📈 BONK’s 158% July Surge: Can Buybacks Fuel More Gains? 🔥💸

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The meme coin market is buzzing, and BONK, the Solana-based dog-themed token, is stealing the spotlight. In July 2025, BONK skyrocketed by 158%, driven by a potent mix of community hype, strategic token burns, and a bold buyback program. With its price hovering around $0.000035 and a market cap nearing $2.88 billion, BONK is proving it’s more than just another fleeting meme coin. The recent announcement of a 1% revenue buyback plan by LetsBONK, coupled with a massive 500 billion token burn, has traders and investors wondering: can these moves push BONK even higher? This 800-word guide breaks down BONK’s rally, the mechanics behind its surge, and what’s next for this Solana star.

The Meme Coin That Roared

BONK, launched as Solana’s first dog-themed coin, was designed to be “for the people, by the people,” with 50% of its supply airdropped to the Solana community. Unlike many meme coins tied to toxic tokenomics, BONK’s creators aimed for fairness and fun, distancing themselves from the “Alameda” scandals of yesteryear. This community-driven ethos has resonated, with BONK nearing one million unique holders—a milestone that triggered a celebratory one trillion token burn in May 2025.

July’s 158% rally has put BONK in the spotlight, outpacing the broader crypto market’s modest 0.1% gain. Posts on X are buzzing with excitement, with users like @theunipcs calling BONK “the $HYPE trade re-run” due to its explosive growth and ecosystem developments. But what’s fueling this surge, and can it last?

The Power of Buybacks and Burns

A key driver of BON LEAP’s rally is its aggressive deflationary strategy. In June 2025, LetsBONK, a meme coin launchpad tied to the BONK ecosystem, announced it would redirect 1% of its revenue—$39 million on June 24 alone—to buy back and burn BONK tokens. This move followed a 500 billion token burn worth $16.7 million, aligning with a 50% revenue target for buybacks and burns. By reducing the circulating supply (currently 77 trillion tokens), these actions aim to boost scarcity and drive up value.

The buyback program is a game-changer. LetsBONK’s daily fees hit $1.99 million in July, with 58% of its 15-day revenue ($19.3 million) funneled into buying BONK. This reinvestment model, as noted by BeInCrypto, shifts BONK from speculative hype to sustainable value creation, setting it apart from competitors like Pump.fun. The burn of one trillion tokens planned for when BONK hits one million holders (currently at 943k) could spark another price jump.

BonkFun’s Dominance in the Launchpad Space

BonkFun, the launchpad powering BONK’s ecosystem, has been a major catalyst. Capturing 80.8% of daily launchpad volume in July, it outshone rivals like PumpFun (18.9%) and Launchlab (0.3%). BonkFun’s $13.2 million in fees in the first two weeks of July—compared to $2.21 million in June—shows its growing dominance. Unlike traditional DeFi platforms, BonkFun generates revenue through entertainment-focused features like mini-games and community events, creating a vibrant ecosystem that drives demand for BONK.

This surge in activity has boosted trading volume, with BONK’s 24-hour volume hitting $1.56 billion, up 23.47%. Data from Coinglass shows a 186.24% spike in derivatives volume and a 36% rise in open interest to $45.9 million, signaling strong speculative interest. The long/short ratio of 1.019 reflects bullish sentiment among traders.

Technical Analysis: Can BONK Keep Climbing?

BONK’s price action is turning heads. Trading at $0.00003536 on July 24, BONK broke above a long-standing descending trendline, forming a bullish reversal pattern. On the 30-minute chart, it’s maintaining higher lows in an ascending channel, with a bullish flag pattern hinting at a breakout toward $0.00004. Analysts like Crypto Catalysts predict a potential rally to $0.00006, a 2.5X gain from current levels, if BONK breaches the $0.00004 resistance. Key support lies at $0.00003–$0.000035, and a drop below could signal fading momentum.

The 200-day Simple Moving Average (SMA) is rising, indicating a positive long-term trend, while the 14-day Relative Strength Index (RSI) remains neutral, suggesting room for growth without overbought conditions. However, meme coins are volatile, and a broader market downturn could cap gains.

Why BONK Stands Out

BONK’s rally isn’t just about hype. Its fundamentals—community engagement, buybacks, and burns—set it apart from other meme coins like Shiba Inu or Dogecoin. Listings on major exchanges like Binance, Coinbase, and Gate.io, with BONK/USDT seeing $177.4 million in daily volume, ensure liquidity. The Solana blockchain’s speed and low fees also make BONK accessible to retail traders. Posts on X highlight BonkFun’s revenue surpassing Ethereum’s, underscoring its growing influence.

Unlike Pump.fun, where 90% of the supply is allegedly held by team wallets, BONK’s transparent tokenomics and community-driven burns build trust. The upcoming ETF listings and ETPs could further boost mainstream adoption.

Risks and Challenges

Meme coins are inherently risky. BONK’s 6% drop on July 9 shows volatility, with selling pressure testing support at $0.000021–$0.000022. Regulatory scrutiny, market sentiment shifts, or a failure to sustain BonkFun’s growth could stall the rally. Investors should never risk more than they can afford to lose, as warned by InvestX and CoinDesk.

How to Get Involved

Want to ride the BONK wave? Here’s how:

  1. Set Up a Wallet: Use an EVM-compatible wallet like MetaMask and connect to Solana.
  2. Buy BONK: Trade on Binance, Coinbase, or Gate.io using BONK/USDT or BONK/BTC pairs. Place a market order for quick buys or a limit order for a specific price.
  3. Engage with BonkFun: Participate in community events or mini-games on BonkFun to earn rewards and stay active.
  4. Track Burns: Monitor @bonk_inu on X for updates on burns and holder milestones. Use #LetsBONK to join the conversation.

What’s Next for BONK?

BONK’s 158% surge is impressive, but its buyback program and BonkFun’s dominance suggest more room to grow. Analysts predict a 46% upside to $0.00005 if bullish momentum holds, with long-term forecasts eyeing $0.00007493 by July 2026. However, caution is key—meme coins thrive on sentiment, and a market dip could derail gains. Stay updated via @bonk_inu or @theunipcs on X, and always do your own research.

BONK’s blend of community spirit, strategic burns, and ecosystem growth makes it a standout in the meme coin space. Whether it’s a short-term pump or a long-term bull run, BONK is proving that even dog coins can have serious bite.

Sources:

  • CoinGecko: https://www.coingecko.com[](https://www.coingecko.com/en/coins/bonk)
  • AMBCrypto: https://ambcrypto.com[](https://bitcoinethereumnews.com/tech/bonk-up-158-in-july-but-can-buybacks-push-it-46-higher/)[](https://ambcrypto.com/bonk-up-158-in-july-but-can-buybacks-push-it-46-higher/)
  • Brave New Coin: https://bravenewcoin.com[](https://bravenewcoin.com/insights/bonk-price-prediction-bonk-surges-40-can-the-july-rally-start-a-long-term-bull-run)
  • CoinCodex: https://coincodex.com[](https://coincodex.com/crypto/bonk-token/price-prediction/)
  • BeInCrypto: https://beincrypto.com[](https://beincrypto.com/letsbonk-buyback-bonk-meme-coins/)
  • InvestX: https://investx.fr[](https://investx.fr/en/crypto-news/bonk-up-48-in-3-days-whats-driving-the-surge/)
  • The Market Periodical: https://themarketperiodical.com[](https://themarketperiodical.com/2025/07/25/bonk-price-soars-as-bonk-fun-captures-80-of-launchpad-volume/)
  • CoinDesk: https://www.coindesk.com[](https://www.coindesk.com/markets/2025/07/09/bonk-slides-6-as-sellers-dominate-despite-growth-of-bonkfun)[](https://www.coindesk.com/markets/2025/07/16/bonk-soars-over-15-as-memecoin-momentum-lifts-broader-crypto-market)
  • X Posts: @bonk_inu, @theunipcs, @aixbt_agent
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