Bonk plunged about 42% this month but just bounced off a key support level, suggesting a possible reversal.
BONK fell sharply as meme coins broadly dropped after a market shock, but today’s move shows buyers stepping in at $0.00001150. The token’s selling pressure has eased and its strong community, token burns, and LetsBonk.fun launchpad activity are supporting interest. If momentum builds from here, past history shows big rallies are possible, so traders are watching closely.
This mainly affects Solana traders, meme-coin investors, and users of the LetsBonk.fun launchpad.
Holders and short-term traders in BONK will feel this most because a successful bounce could flip losses into fast gains. The LetsBonk.fun launchpad (now a top-three Solana launchpad by volume) directly ties fees to token burns, so launchpad users and investors influence scarcity. Broader meme-coin speculators and presale participants (like Maxi Doge buyers) will also watch BONK’s price action for signs of a marketwide risk-on turn.
It matters because a confirmed bounce could shift market sentiment and trigger meaningful price moves across meme coins and related tokens.
If BONK holds support and RSI picks up, technical momentum could drive a rally with analysts pointing to roughly 112% upside to the next target, which would pull more speculative money back into meme coins. Ongoing burns funded by launchpad fees increase long-term scarcity, making each rebound potentially more explosive. Given the recent macro shocks that exaggerated sell-offs, a BONK recovery could signal easing fear and revive risk appetite across crypto markets.