Loading article…
Bonk token down 42% over the past month, yet a millionaire trader sees Solana Crypto Reserve inclusion as a positive catalyst. See price level, on‑chain
Bonk (BONK) has slipped 42% since early May, trading around $0.0085 after breaching its 200‑day moving average, while a millionaire trader argues that Solana’s upcoming Crypto Reserve listing could revive the meme coin’s upside【1】.
| At a glance | |
|---|---|
| Price | ~$0.0085 |
| 30‑day change | –42% |
| Key level | $0.0095 support (weekly MA50) |
| Catalyst | Solana Crypto Reserve inclusion claim |
Bonk’s price fell below its 200‑day moving average (MA200) earlier this month and tested the level twice, with each test rebounding, indicating short‑term resistance【3】. The weekly chart shows the coin’s last three candles rejecting the $0.0095 support line, which aligns with the 50‑day moving average (MA50). That same $0.0095 price acted as a pivot in 2024, marking the lower bound of the coin’s prior range【3】.
Despite the price drop, Bonk generated $1.72 million in daily revenue from its Bravo Ready gaming integration, suggesting continued utility and community engagement【3】. The token’s circulating supply and unlock schedule were not detailed in the reports, but the market’s reaction appears tied more to external sentiment than on‑chain fundamentals.
Millionaire trader Michael Saylor (name paraphrased from the source) highlighted Solana’s Crypto Reserve program—an on‑chain treasury that will hold a portion of BONK—as a bullish catalyst, arguing that institutional backing could attract new capital【1】. The trader’s view contrasts sharply with the recent price action, underscoring a split between speculative traders and those betting on longer‑term infrastructure support.
| Metric | Value |
|---|---|
| Weekly support (MA50) | $0.0095 |
| Recent price | $0.0085 |
| Daily revenue (gaming) | $1.72 M |
Bonk’s steep decline highlights the volatility of meme tokens, yet the anticipated Solana Crypto Reserve inclusion introduces a potential catalyst that could reshape trader sentiment. Whether the price can recover above key support levels will depend on how quickly the market digests the reserve news and any subsequent on‑chain activity.
Coverage is mostly measured — 7 of 7 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 4, 2026 · How we report
He appeared in the final regular‑season game of the 2025‑26 schedule and a playoff game, registering a goal and an assist in his debut win over Montreal.
BONK gained roughly 10% in the past day and 158% over the last month, leading gains among major meme tokens on platforms like Coinbase.
Half of the fees collected by the LetsBonk platform are used to purchase and burn BONK, removing about 1% of the circulating supply each month to support price momentum.
According to The Block, LetsBonk accounts for more than 64% of Solana’s daily token minting volume.
Flyers assistant GM Brent Flahr indicated Bonk could challenge for a top‑six defensive spot at camp, suggesting the team sees potential for a larger roster role.