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Bonk (+10% 24h) hits $0.000040 resistance; LetsBonk now holds 64% of Solana token‑mint volume, driving fees and burns that could lift price 50% toward its
Bonk (BONK) rose 10% in the last 24 hours, pushing the token toward the $0.000040 resistance that caps its recent rally from $0.000022 – a move that could trigger a bullish breakout if confirmed on volume [1].
| At a glance | |
|---|---|
| Price (24h) | +10% |
| 30‑day gain | +158% |
| Key level | $0.000040 resistance |
| Catalyst | LetsBonk’s market‑share surge to 64% of Solana mint volume |
LetsBonk, the meme‑coin launchpad that launched in April, now commands more than 64% of Solana’s token‑minting volume, eclipsing Pump.fun’s share, which fell from a record 90% to just 24% [1]. The platform generated over $30 million in fees in July alone, with fee revenue up 215% month‑over‑month when expressed in SOL [1]. Half of those proceeds are used to buy BONK at market price and burn it, translating to roughly $25 million of BONK removed each month—about 1% of the circulating supply every 30 days [1]. This supply contraction, combined with heightened on‑chain activity, underpins the recent price surge.
The shift in minting dominance has also hurt Pump.fun’s native token, $PUMP, which slid 51.8% over the past 30 days—a stark contrast to BONK’s 158% gain in the same period [1]. BONK’s market cap sits at $2.85 billion, and the token is still 38% below its all‑time high of $0.00005916 recorded in November 2024 [1]. The 4‑hour chart now shows a bullish flag pattern; a breakout above $0.000040 with strong volume could replicate the prior rally’s 90% gain, though a more conservative 50% target would place BONK near $0.000057, just shy of its record level [1].
The price action reflects both a technical consolidation and a fundamental shift toward a more deflationary token model, leaving the next few weeks critical for whether BONK can reclaim its November 2024 peak.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 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.