Safe Shot (Shot) registered with NASDAQ has acquired 10% of revenue stakes in Bonk.Fun, one of Solana’s largest Memecoin Launchpads. As part of the transaction, SafetyShot will receive $25 million worth of bonks (bonks) from the Treasury, and will directly coordinate the public company with the growth of the platform.

According to Defillama, Bonk.Fun generated more than $35 million in user fees in July, overturning its rival pump.

The platform controls more than 80% of Solana’s daily new token launch market share, with over 20,000 tokens rolling out on peak days, with daily volumes exceeding $100 million.

As part of the transaction, SafetyShot will convert the preferred stock into common stock and reinvest approximately 90% of its bonk.fun revenues in the purchase of Bonk tokens. The company clears its debts and holds more than $15 million in cash.

According to Solscan, Bonk, the fourth-largest Memecoin with a market capitalization of $2 billion and an on-chain holder of 980,000, is integrated into over 400 Solana applications spanning Defi, gaming and consumer products.

Bonk.Fun is consistently ranked among the top 10 distributed applications worldwide in terms of revenue.

CEO Jarrett Boon said the integration is “not just buying cryptocurrency,” but also acquiring stakes in “a highly profitable engine” within digital assets.

This move illustrates the shift from a typical corporate strategy of simply retaining crypto on the balance sheet to a fairness-like exposure in revenue-generating assets. For Safe Shots, you’ll get a repeating revenue stream related to Bonk Ecosystem activity and price performance.

BONK, a Solana-based memecoin, advanced 1.7% in the last 24 hours to $0.00002626.

The token traded within a 4% range, with a high of $0.00002645 and a low of $0.00002485, producing a $0.00000160 spread, according to CoinDesk Research’s technical analysis data model.

The price rebounded from the low at 16:00 UTC on Aug. 7, moving toward the peak during the European morning on Friday. This recovery phase saw total volume surge above 1.09 trillion tokens, greater than the daily average. However, momentum stalled at $0.00002640, where repeated sell orders capped upward moves.

BONK subsequently held above $0.00002600 despite brief dips. A volume spike of 48.86 billion tokens at 12:07 UTC coincided with a failed breakout attempt past $0.00002615, reinforcing the established resistance zone. BONK may have consolidated below $0.00002630 for now, leaving traders focused on whether the token can break higher or face renewed selling pressure.

Market sentiment across memecoins remains cautious amid broader crypto volatility. Institutional flows have shown signs of rotation into more established assets, but BONK’s sustained support at $0.00002550-$0.00002600 suggests buyers remain active.

Technical Analysis

• Trading range of 4% spanned $0.00002485 to $0.00002645.
• Resistance confirmed multiple times at $0.00002640.
• Support zone established at $0.00002550–$0.00002600.
• Volume spike of 1.09 trillion tokens during rally phase.
• Failed breakout at $0.00002615 led to pullback.
• Elevated liquidity observed in the $0.00002580–$0.00002610 band.
• Intraday volatility produced several lower highs after peak.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Author

Hongji Feng

Author

Hongji Feng

About Author

Hongji is a crypto and tech reporter. He graduated from Northwestern University’s Medill School of Journalism with a Bachelor’s and a Master’s. He has previously interned at HTX (Huobi Global),…

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July 24, 2025

As Bitcoin dominance continues to slide in Q3 2025, traders are shifting focus to altcoins with outsized potential. In this altcoin season, previously dismissed tokens are regaining momentum.

Shiba Inu and Bonk represent a renewed wave of meme coin speculation, while Cardano is attracting capital on institutional narratives. Together, the three tokens indicate a market phase driven by a mix of hype, community strength, and real development, where sentiment cycles are moving faster than ever.

Shiba Inu: More Than a Meme

SHIB is trading at $0.00001367 with a market cap of $8 billion and a 24-hour volume of nearly $462 million.

While often still called a meme coin, SHIB has quietly built out an ecosystem. The Shibarium Layer-2 network supports DeFi, NFTs, and dApps. SHIB is also used for gas fees, marking a clear move toward functionality.

Recent community DAO proposals and staking integrations have added to its infrastructure.

Whale wallets have increased holdings by over 600% in recent weeks, according to CryptoRank. On LunarCrush, SHIB recorded 6,400+ mentions and nearly 350,000 engagements in July.

These figures, paired with a 15% monthly gain, suggest that SHIB may be evolving into a hybrid token: part-meme, part-platform. In this cycle, that blend may be what keeps it relevant.

Bonk: Taking Over in Altcoin Season

BONK is trading at $0.000034 with a $2.76 billion market cap and a 24-hour volume of over $1.6 million.

BONK Price (Source: CoinMarketCap)

The token is now integrated into multiple Solana dApps, including Jupiter and native GameFi applications.

Though it began as a meme, BONK’s utility in liquidity provisioning and in-game use cases has grown. Exchange support has expanded, and burn campaigns have supported scarcity narratives.

Social activity remains high, with whale wallets rotating in and out, suggesting both speculation and trend-based trading.

It has gained nearly 140% in the past 30 days, and despite volatility, BONK appears to be maturing in tandem with Solana’s broader ecosystem rebound. If the altcoin season truly returns in the second half of 2025, BONK could deliver competitive performance.

Cardano: Utility Anchored in Narrative

ADA is trading at $0.81 with a $29 billion market cap and $2.4 billion in daily volume.

Cardano’s market position is supported by fundamental upgrades. The Hydra Layer-2 scaling protocol is operational, and the Mithril fast-sync update is now live. Voltaire governance milestones are also progressing, giving token holders greater control.

Stablecoin activity is increasing. Djed and USDA are both active, contributing to on-chain liquidity.

Unlike meme coins, ADA benefits from long-tail trust, and its current breakout mirrors their trend, showing how retail and institutional flows can align.

Altcoin Season: Attention is Allocation

SHIB, BONK, and ADA sit at different points on the speculation-to-utility spectrum. But all are benefiting from renewed flows in a fast-rotating market. Meme energy, protocol upgrades, and community activation have all contributed. As altcoin season accelerates, attention is proving to be a proxy for momentum. And for now, these three tokens have it.

Retail enthusiasm is rising alongside deeper on-chain activity, suggesting this altseason is no longer limited to quick pumps. Instead, even legacy tokens are evolving under market pressure, blending narrative, utility, and engagement.

When volatility returns, SHIB, BONK, and ADA show the different ways tokens can stay relevant. Whether driven by community, use case, or trader momentum, they remain in rotation—at least for now.

A widely followed crypto analyst says that one Solana (SOL)-based altcoin that has already seen massive gains looks poised to skyrocket further while updating his outlook on two other popular memecoins.

In a new strategy session, pseudonymous crypto trader Bluntz tells his 325,100 followers on the social media platform X that the native asset of the Pudgy Penguins (PENGU) non-fungible token (NFT) collection appears ready to spark a rally despite already gaining 300% this month.

“Nice 18% dip here on PENGU, that should be more than enough in a strong uptrend like this. Should start pushing into fresh highs again from around here [in my opinion].”

The trader’s chart indicates that PENGU could rise to $0.038 during the next few days. The digital asset is trading for $0.0309 at time of writing, a 7.7% decrease on the day. On July 16th, PENGU reached its weekly high of $0.034, a 68% gain from its seven-day low of $0.0184.

According to the trader, PENGU feels like a “silent underperformer” as it has been the strongest meme asset during the last two weeks.

“Seeing PENGU up 143% in two weeks, has also been the best performing large cap meme (over 1 $billion market cap), I’d think more people would be talking about it. Maybe it’s my own echo bubble but feels like a silent outperformer.”

Moving on to the dog-themed meme asset Floki (FLOKI), Bluntz says that it has more room to grow before breaking its resistance level around $0.000123.

“Nice moves on Floki so far but still plenty of juice left in the tank. Breaking that $0.000123 resistance is inevitable [in my opinion].”

It appears that Bluntz’s prediction came true as FLOKI is trading for $0.000142 at time of writing, a 29% increase on the day.

Concluding his analysis with Bonk (BONK), another SOL-based memecoin, Bluntz says it appears as if it has much more room to grow despite rising 96% since the beginning of July.

“Well that was quick. BONK already +96%, and still looking like it has much higher to go.”

BONK is trading for $0.000036 at time of writing, a 4.9% increase on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A widely followed cryptocurrency analyst and trader is suddenly turning bullish on altcoins.

The analyst, pseudonymously known as Bluntz, tells his 322,200 followers on social media platform X that the Bitcoin dominance (BTC.D) metric is flashing a bearish divergence, setting the stage for alts to outperform the flagship crypto asset.

A bearish divergence occurs when the price is recording higher highs and higher lows while an indicator such as the Relative Strength Index (RSI) is recording lower highs. The RSI indicator is a momentum oscillator used to determine oversold or overbought conditions.

“The three-day BTC dominance bear divergence ended up rolling into a weekly bear divergence, too. The time to be long alts is here in my opinion.”

BTC.D is a metric that calculates how much of the crypto market cap belongs to Bitcoin. A bearish BTC.D chart indicates that altcoins are printing gains faster than BTC.

BTC.D is 65.34% at time of writing.

Next up, the trader says that the Solana (SOL)-based memecoin Bonk (BONK) may more than double in price after breaking out of a descending trendline on the five-day chart.

“Really not too sure about ATHs, but pretty confident BONK is going at least 100-130% higher.”

He also says that alts similar to BONK are starting to enter uptrends as well.

“BONK ecosystem coins going pretty crazy right now to be honest…

Can’t be long BONK ecosystem without being long BONK to be honest.”

BONK is trading for $0.00001614 at time of writing, up 9.7% in the last 24 hours.

Lastly, the trader says Useless Coin (USELESS), a SOL-based memecoin, could hit the level around $0.50 as it remains in a strong uptrend.

“USELESS dips still getting bought up every day constantly despite already being up big. $500 million market cap looks within reach.”

USELESS is trading for $0.248 at time of writing, down 7.6% in the last 24 hours. With a market cap of $247.5 million, the memecoin is the 256th largest crypto project.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/kkssr

As bitcoin

hovers near a fresh all-time high, the Solana-based memecoin, BONK , is leading the major altcoin rally.

The surge coincides with renewed optimism in risk assets following bitcoin’s recovery above $110,000, which has triggered widespread gains across established cryptocurrencies.

BONK’s momentum appears sustainable as numerous crypto analysts express bullish sentiment, citing significant upside potential remaining.

Adding to BONK’s bullish case, the BONK foundation’s token launchpad, LetsBONK.fun, recently surpassed competitor Pump.fun in daily volume with a 126% increase. This development benefits BONK holders as 50% of the platform’s revenue is allocated to buying and burning BONK tokens, creating additional positive price pressure in a market already anticipating the upcoming 1 trillion token burn when the project reaches 1 million holders.

Meanwhile, Tuttle Capital Management confirmed July 16 as the earliest possible launch date for its suite of leveraged crypto ETFs, including a 2× BONK ETF, fueling bullish sentiment.

Technical analysis highlights

• The BONK-USD pair experienced increased buying pressure during the last 24 hours, from July 2, 16:00 UTC, to July 3, 15:00 UTC. It surged from $0.0000147 to a peak of $0.0000175, representing a 10.4% range, according to CoinDesk Research’s technical analysis model.
• A significant volume spike to 2.9 trillion at midnight on July 3 established strong support at the $0.0000157 level, while high-volume buying at the $0.0000168 level during the 05:00 UTC hour propelled prices higher despite late session profit-taking, the model showed.
• However, during the last 60 minutes from July 3 at 14:50 to 15:49 UTC, BONK-USD experienced significant volatility, dropping from $0.00001666 to a low of $0.00001619 before recovering to $0.00001624.
• A notable volume spike of 86.9 trillion at 15:35 coincided with the price bottoming at $0.00001619, establishing a key support level. The subsequent recovery formed an ascending trendline with increasing volumes, particularly at 15:49, where 22.5 trillion in volume pushed prices up by 2.7% from the session low, according to the model.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Bonk, the Solana Meme Coin, is an interesting moment in his presence. The project boasts strong community and a 50% price increase over the past month. Recently, Bonk has integrated with Bravo Ready Games, earning 1.72M daily for several days this month. Technical analysis reveals some contradictory points, but it was considered the most purchased project with Smart Money.

I believe at the same time $ bonk I’m going to create a massive new high this year

Best Solana Beta + Cracked Marketing Team + Huge Normy Appeal

My bag is absolutely packed pic.twitter.com/jlicorvahc

– Champion (@champtgram) May 28, 2025

People like champions think that there is still “bread” left in the coin. He also points out some good basics. I’m not always saying my technical analysis is correct. However, even if long-term prices are expected to create new ATHs, I think it is also important to consider multiple scenarios.

Discovered: Top Solanamime Coins to buy in May 2025

Will Bonk jump or dive? Technical analysis speaks

(bonkusd)

Bonc chart for weekly time frames. For simplicity, I use 1000bonkusdt with Bibit. Let’s start with a simple moving average and market structure. At the end of 2023, there will be a massive run.

The majority of the price range for 2024 was spent, falling below the previous low (orange line) this year, with the last three candles being rejected from a level consistent with the MA50. The two bottoms in this top range are the same price of $0.0095. That’s an important level of support.

Discovered: Top 20 Cryptography to Buy in May 2025

(bonkusd)

Next, we examine the daily time frame for analysis. Here, Bonk prices are around the moving average. This month I tested the lower side twice, below the MA200, but both were rejected.

For a move to a high, you must regain that level. The MA50 and MA100 are potential support that sits a little higher than the $0.0095 level. What can be scary (or exciting) for traders is this huge free space after a huge pump at the end of 2023.

Conclusion of thoughts about Bonk Price Action

(bonkusd)

Finally, we will analyze the 4H chart. Here, the MA50 and MA100 rejected the price. And now it’s being destroyed under MA200. Go back and look at the previous chart and the RSI levels on this chart. It seems you can go there either way every week. It is still in the bullish area every day, but rejection from the MA200 and breaking below that in the 4H time frame could be a short r:R entry. The foundation is strong, but sometimes there’s a price boost, and that might be time for a bunch.

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24 hours volume

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Price 7d

It’s just below the ATH and is ready to print a new one. Traders can look scary when they see red colours and -%, but they are time to pay attention to your important levels and run well. No fear, just good risk management!

$ bonk Looks like one of the powerful meme coins with multiple fake outs of BTC breakouts.

Bouncing off the key level. It won’t rise in the straight, but it is doomed due to new highs due to deflation mechanisms, assuming Bonk’s fun continues to steal mindshare… pic.twitter.com/jydrfqreri

– Herro (@herrocrypto) May 19, 2025

The point of hero is actually good. Opening BONK against the BTC Daily Chart reveals that the pair’s market structure is bullish, with highs and higher and lowers.

Also, revisit the last article discussing Bonk pricing. This was $0.015!

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

bonk crypto lead for leg #2: chart analysis time

(Bonkusdt)

BONK in the daily time frame not only creates higher and higher lower values ​​than BTC, but also higher for USD. However, it’s a little more impressive for BTC. Since then, I will emphasize this, Bitcoin is below the last resistance before the new Ass. This means, of course, you can reject it with resistance. When the coin behaves as expected, it’s exciting! Look out for the MA50 and MA100.

Discover: Buy Now 12+ Hottest Crypto-Precels

(Bonkusdt)

Now let’s take a look at the 4H time frame. Before that, I would like to note that even if BTC drops from here, Bonk can perform strongly against it and create new heights. This chart has two wicks on price targets from the previous article. Anyone who caught that move – it was 50% of the foot, so congratulations! Clear rejection and SFP were seen in this time frame. Now we are looking at these two important zones, the MA200 and $0.017.

Discover: Best New Cryptocurrencies to Invest in 2025

(Bonkusdt)

The hourly time slot is here! The RSI has been reset and prices are currently in range. Ideally, it would be $0.017 and I would like to make sure that level doesn’t become a frontrunner. If that happens, those who have that low order will have to buy more. MAS retrieval is something we want to see now, whether it touches either green circle or not. Then again a $0.025 test, and ultimately a break at that level.

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Post-bonk preparing for the next leg up: The latest TA Insights first appeared in 99Bitcoins.

Breaking The Long-Term SMA: Why This Level Matters

In a recent update on X, popular crypto analyst CryptoS6 pointed out that BONK is flashing signs of a significant technical shift. The price is currently testing the 200-day SMA at $0.0000238, an area widely regarded as a major trend-defining level. Reclaiming this zone would mark BONK’s first serious bullish reversal since early Q1, signaling that buyers are regaining control after months of sideways or bearish pressure. Such a shift in control could ignite renewed investor interest and set the stage for an extended rally.

What makes the setup even more interesting is the minimal resistance standing between the current price and the 0.5 Fibonacci retracement level at $0.0000348. According to CryptoS6, this area often becomes a magnet for breakout-driven momentum, creating room for swift upward moves. If BONK can firmly close above the 200-day SMA, the probability of a stronger rally increases dramatically, as traders are likely to pile in behind the move.

CryptoS6 didn’t hold back from making a bold projection either. He suggested that BONK’s chart is setting the stage for what could be a “God Candle” explosive move, a vertical price move that would rapidly push he token from $0.000025 to $0.00004. 

BONK 3-Way Confirmation: Volume, Trend & History Say ‘Go’

CryptoS6 firmly emphasized that a combination of growing volume, strong trend alignment, and striking historical pattern symmetry reinforces the case for a major breakout in BONK.  The recent surge in volume is not just noise; it reflects increasing market participation and suggests that accumulation is underway, often a precursor to a significant price move. Meanwhile, BONK’s price action is aligning with key moving averages, particularly as it eyes a reclaim of the 200-day SMA, a critical indicator of long-term trend shifts.

In conclusion, CryptoS6 described the setup as “clean,” meaning the chart offers a well-defined structure and reliable levels for both entry and risk management. With momentum continuously building and minimal resistance ahead, the risk/reward profile remains highly favorable.