Bonk (BONK) has surged 30% in the past week, buoyed by ETF filings and its low unit price, sparking bullish sentiment among market observers. Its price is currently at $0.00002874 with a market cap of $2.3 billion, up 29.4%.

Trader Degengambleeh sees BONK transitioning from a meme coin to a cultural movement, expected to be a key market driver. Osemka notes its recent impulsive price action and predicts a retest of the breakout zone between $0.000024 and $0.000026.

Unipcs highlights BONK’s viral retail appeal and strong fundamentals, predicting explosive growth due to its listing on major platforms. With access to vast liquidity and a low unit price, BONK appeals to retail traders dreaming of significant gains.

BONK’s bullish case is reinforced by two ETF filings, potentially leading to a $10 billion market cap. BonkFun’s market share and daily fees point to strong potential revenue. Coinglass data shows a 13% rise in market engagement with BONK.

Statistics show BONK’s potential for substantial revenue through buy-and-burn mechanisms, strategic reserves, and rewards. Market interest in BONK is growing, with a 13% increase in open interest and derivatives volume.

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