BONK rockets higher with a 4% daily gain on May 26, surging past $0.000021 before cooling at $0.00002051. The Solana-based memecoin is up 15% this month, outperforming rivals like WIF and Popcat in a decisive momentum shift.
Whale Wallets Load Up on BONK
Whale interest is accelerating. According to Stalkchain, BONK topped the leaderboard as the most accumulated token by smart money in the past seven days.
One key wallet associated with Squads Protocol made headlines on May 22 after spending $936,000 via a dollar-cost averaging strategy. The wallet now holds 85.98 billion BONK, valued at approximately $1.81 million—a bullish signal in a sector seeing widespread outflows.
While most Solana meme assets like WIF faced over $3 million in net outflows between May 19–25, BONK defied the trend with $281,000 in net inflows on May 25 alone.
Traders Profit as Analysts Forecast $15B Market Cap
Traders are seizing quick gains, too. One whale flipped 20.4 million BONK in three days for a tidy $34,760 profit—buying in at $0.0000214 and exiting above $0.0000217.
With $BONK sentiment heating up, Crypto Twitter has embraced the coin as a potential next 10x candidate. A prominent trader recently dubbed BONK his “top pick” after attending a Solana event, claiming a $15B long-term target could be in reach—an 826% upside from current valuation.
Technicals Suggest 172% Move on Breakout Confirmation
BONK’s chart shows a possible double-bottom pattern forming on the daily timeframe, with neckline resistance at $0.00003272. A confirmed breakout could launch BONK to $0.00005500, a 172% upside from here.
The RSI at 51.49 remains neutral, suggesting there’s ample room for momentum to build. While the setup is bullish, confirmation is needed. Fresh memecoin launches could split investor attention in the short term.
