Overview

• BONK’s price has climbed more than 30 percent over the past week, reaching its highest levels in months.
• Trading volume topped 3.5 trillion tokens during peak breakout sessions, while derivatives open interest rose 9 percent.
• BONK’s inclusion on Grayscale’s institutional surveillance list and two ETF filings have bolstered its appeal to institutional investors.
• The project’s planned 1 trillion token burn will occur once on-chain holders reach one million, targeting long-term supply reduction.
• Traders like Degengambleeh and Unipcs say the meme token is evolving into a broader cultural movement with retail and institutional traction.