Why Is BONK Up? ETF News Provides a Powerful Catalyst
- BONK’s price surged nearly 20% in the last 24 hours.
- Trading volume exploded by over 315%, signaling strong buyer interest.
- A potential 2x Long BONK ETF from Tuttle Capital could launch by July 16.
The Solana-based meme coin Bonk (BONK) is soaring today, with its price jumping nearly 20% in the last 24 hours. This sharp rally is not random; it’s fueled by a potent combination of speculative ETF hype, bullish technical breakouts, and strengthening fundamentals within the Solana network.
The move answers the key question traders are asking today: “Why is BONK’s price up?” The answer points to a convergence of factors that suggest a growing appetite for structured exposure to high-profile meme coins.
ETF Filing Sparks Speculative Demand
A primary catalyst for the rally is a procedural update from Tuttle Capital Management regarding its proposed 2x Long BONK ETF. While the product is not yet approved, a recent filing specified that the exchange-traded fund could potentially go live as soon as July 16.
Related: BONK Leads Altrank List with 66.67% Weekly Gain, Followed by Monero and Sei
Besides BONK, the proposed ETF suite includes similar funds for tok…
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Why Is BONK Up? ETF News Provides a Powerful Catalyst
- BONK’s price surged nearly 20% in the last 24 hours.
- Trading volume exploded by over 315%, signaling strong buyer interest.
- A potential 2x Long BONK ETF from Tuttle Capital could launch by July 16.
The Solana-based meme coin Bonk (BONK) is soaring today, with its price jumping nearly 20% in the last 24 hours. This sharp rally is not random; it’s fueled by a potent combination of speculative ETF hype, bullish technical breakouts, and strengthening fundamentals within the Solana network.
The move answers the key question traders are asking today: “Why is BONK’s price up?” The answer points to a convergence of factors that suggest a growing appetite for structured exposure to high-profile meme coins.
ETF Filing Sparks Speculative Demand
A primary catalyst for the rally is a procedural update from Tuttle Capital Management regarding its proposed 2x Long BONK ETF. While the product is not yet approved, a recent filing specified that the exchange-traded fund could potentially go live as soon as July 16.
Related: BONK Leads Altrank List with 66.67% Weekly Gain, Followed by Monero and Sei
Besides BONK, the proposed ETF suite includes similar funds for tok…
The post Why Is BONK Up? ETF News Provides a Powerful Catalyst appeared first on Coin Edition.
Read More