Meme cryptocurrency Bonk (BONK) explodes 30%

Solana meme cryptocurrency Bonk (BONK) saw explosive movement on Friday (25). Trading at around $0,00001655 earlier in the day, the coin quickly jumped to around $0,00001955

Solana meme cryptocurrency Bonk (BONK) saw explosive movement on Friday (25). Earlier in the day, the coin was trading at around $0,00001655, but quickly jumped to around $0,00001955, accumulating an appreciation of almost 30% in a matter of minutes.

The rally was fueled by the Bonk team's announcement of the launch of Bonk.Fun, a new platform for creating and launching meme tokens, in an initiative that seeks to compete directly with Pump.fun, currently one of the main hubs for meme tokens on the Solana network. The news excited the community and generated strong buying movement, reflecting the enthusiasm around the Bonk ecosystem.

Over 2 years ago, The Dog BONK'd Solana

Now it's time to BONK the trenches 🐾

Introducing @bonk_fun

A new tool for launching memecoins, built by members of the BONK community in collaboration with @RaydiumProtocol ❗❗❗ pic.twitter.com/G5SzrFqqku

— BONK!!! (@bonk_inu) April 25, 2025

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Even after the significant increase, Bonk is still trading around 66% below its all-time high, recorded in November 2024, when it was quoted close to US$ 0,00005825.

Currently, Bonk is ranked 69th in the ranking of the largest cryptocurrencies by market value, with an estimated market capitalization of US$1.523.043.309, according to recent data. The partial recovery, combined with the increasing trading volume, reinforces the interest of investors in speculative assets within the Solana network.

Analysts point out that sudden movements like the one recorded today are common in the memecoin segment, but the launch of BonkFun could open a new front of expansion for the Bonk ecosystem, especially amid the growing popularity of community-launched tokens.