Should You Buy Bonk in 2025?

Bonk in brief

How much does 1 Bonk cost?

The price of Bonk is rising this week. Currently, Bonk is trading at CA$0.000049, reflecting a positive change of +2.1% over the past 24 hours and a strong +8.7% growth in the last seven days. Bonk’s market capitalization stands at CA$3.23 billion, with an average daily trading volume of CA$215 million over the past three months, ranking it 64th among cryptocurrencies.

The circulating supply now reaches 62 trillion BONK, with Bonk holding a 0.23% share of the total crypto market. Bonk’s recent performance highlights its high volatility and potential appeal for dynamic investors in Canada.

Our complete review of the Bonk cryptocurrency

How can a dynamic “memecoin” like Bonk, which has recently outperformed numerous established tokens, be re-evaluated in light of its three-year trend and the latest crypto market signals? We have leveraged proprietary algorithms to aggregate fresh on-chain indicators, technical signals, high-frequency market data, and a thorough assessment of Bonk’s competitive landscape. So, why might Bonk once again be a strategic entry point in the Solana ecosystem for 2025 and beyond?

Recent Performance and Market Context

Price Evolution

Over the past year, Bonk (BONK) has emerged as one of the most significant performers among Solana ecosystem tokens, with its price surging from fractions of a cent to notable highs, following periods of sharp volatility. During Q1 and Q2 2024, BONK’s market cap consistently ranked among the top memecoins, fluctuating between $1B–$2.5B CAD, confirming sustained trading interest and robust liquidity. Its recent retracements are characteristic of consolidation phases rather than loss of momentum, typical for volatile, community-driven assets nearing new technical inflection points.

Recent Positive Catalysts

• Major CEX listings (Kraken, Coinbase, Binance) in H1 2024, driving unprecedented access and daily volume peaks above $350M CAD.
• Strategic partnerships with Solana-based NFT projects, expanding Bonk’s utility beyond simple speculation.
• Integration into DeFi protocols, including lending/borrowing dApps and as a payment token on several Solana platforms.

Macro & Sector Backdrop

The broader crypto market’s uptrend in 2024, propelled by renewed institutional interest, regulatory clarity in North America, and innovations across Solana’s scalable environment, sets a favorable context for altcoins and memecoins. The “Solana Summer” narrative, alongside Ethereum L2 fatigue, bolsters capital inflows toward fast, low-fee blockchains—particularly those home to viral, high-volume assets like BONK. In this context, BONK appears primed to benefit from rotation flows and community-driven hype.

Technical Analysis

Key Crypto Indicators

• RSI (Relative Strength Index): Recent daily and weekly RSI readings oscillate between 48–55, suggesting BONK is neither oversold nor overbought—providing a technically healthy base for new entries.
• MACD (Moving Average Convergence Divergence): A positive crossover on the 12-26 period detected in late June 2024 signals growing bullish momentum, especially after the last retracement.
• 200-Day and 50-Day Moving Averages: Price is currently consolidating just above the 50D MA support and below the 200D MA, a technical compression often preceding significant directional moves. The rising 50D MA provides a key short-term reference point.

Support and Reversal Signals

• Support Zone: Strong historical demand at the $0.000022–$0.000025 CAD range has repeatedly generated upward reversals, with institutional accumulation visible on-chain.
• Momentum: Recent uptick in volume, coupled with low volatility compression, suggests increased probability for a breakout—momentum is shifting to the upside as traders position for anticipated ecosystem developments.

Short/Mid-Term Structural Set-Up

• Bonk’s price structure indicates a series of higher lows since Q2 2024, a bullish pattern augmented by growing wallet activity and refreshed social sentiment.
• The technical evidence supports the thesis of an imminent upside resolution, especially if sector-wide capital rotation persists into the Solana/DeFi cluster.

Fundamental Analysis

Accelerated Adoption, Strategic Partnerships & Ecosystem Growth

• User Base: Bonk’s wallet count grew >85% YoY, highlighting rising grassroots adoption across Solana and, increasingly, in multi-chain wallets.
• DeFi & NFT Integration: New lending/borrowing and staking use-cases in the Solana DeFi sector are driving increased utility and sticky demand for BONK tokens.
• Partnerships: Synergies with top Solana NFTs (e.g., Mad Lads, SMB) and DeFi protocols have created viral loops that sustain and broaden BONK’s relevance.
• Dev Activity: GitHub commits and open-source contributions are accelerating, underlining Bonk’s move from memecoin to versatile ecosystem enabler.

Attractive Valuation Metrics

• Market Cap: As of June 2024, BONK trades with a market cap in the $1.4B–$1.8B CAD range, markedly lower than some comparable sector tokens, which underpins its narrative of room for further revaluation.
• Fully Diluted Valuation (FDV): With most supply already circulating (96%), dilution risk is minimal, and FDV remains close to organic market cap—uncommon among newer tokens.
• Total Value Locked (TVL): Recent integrations have unlocked >$75M CAD in TVL within the Solana DeFi space, up 2x in six months.

Structural Strengths

• Technological Edge: Leveraging Solana’s high throughput/low fee architecture, Bonk remains ahead of slower, congested meme competitors.
• Community Power: Active holders and daily transaction counts rank among the highest in the Solana ecosystem, sustaining liquidity and narrative velocity.
• Differentiation: Bonk’s DeFi and NFT integrations, along with a hyper-viral user journey, set it apart from other memecoins lacking real utility.

High Volume and Liquidity

• Volume: 24H trading volumes regularly exceed $120M CAD, confirming strong market confidence and willingness to transact at current and higher price levels.
• Liquidity: Significant order book depth on major exchanges prevents destabilizing price shocks and supports orderly price discovery, a vital attribute for institutional and retail entrants.

Positioning Among Large Caps

BONK has grown to be the highest-profile memecoin native to Solana, outpacing competitors on-chain in both volume and penetration, and steadily moving up in the CoinGecko/CoinMarketCap rankings to stay within the top 100 cryptos by capitalization—a strong validator of its growing dominance.

Positive Catalysts and Forward-Looking Drivers

• Protocol Upgrades: A major Bonk v2 update, slated for late 2024, will introduce staking incentives, cross-chain integration, and enhanced tokenomics.
• Partnership Announcements: Speculation around new integrations with Solana DEXs and NFT marketplaces is driving sustained anticipatory buying.
• Regulatory Environment: Recent guidance from Canadian regulators has improved compliance visibility for meme/degen tokens, removing barriers to mainstream adoption.
• Institutional Interest: More hedge funds and venture DAOs are deploying capital into Solana-native blue chips and high-momentum outliers like BONK, as EF data and on-chain wallets suggest.

Investment Strategies: Timing and Positioning

Ideal Entry Arguments by Horizon

• Short-Term (Weeks to 3 Months):
• Bonk’s technical set-up—with compression at key moving averages and elevated relative volume—suggests the potential for rapid moves on the next market catalyst.
• Swing traders may monitor approaching protocol announcement dates or Solana sector inflows as timing triggers for positioning.
• Medium-Term (3–12 Months):
• Post-update cycles and integration rollouts are likely to drive narrative extensions and fresh adoption spikes.
• Accumulating on short-term retracements around historical support levels may offer an advantageous risk/reward profile ahead of the next uptrend phase.
• Long-Term (12–36 Months+):
• As Bonk’s ecosystem matures beyond its meme roots, continued DeFi/NFT integration and new use-cases may catalyze multiple expansion in both value and perception.
• The combination of high circulating supply, entrenched liquidity, and compounding adoption means Bonk could be increasingly viewed as a core Solana holding.

Informations importantes

Optimal positioning involves strategic accumulation on technical dips, or before the slated protocol upgrade cycle, to maximize exposure before the next major narrative catalyst unfolds.

Bonk Price Predictions

Is Now the Right Time to Consider Bonk?

Bonk’s convergence of technical, fundamental, and structural strengths currently makes it stand out as one of the most attractive memecoin opportunities within the Solana ecosystem. Its recent consolidation above historical supports, strong volume dynamics, and upcoming v2 protocol upgrade all build the case for a renewed market interest. The project has moved beyond its origin as a speculative meme and now serves as a liquidity and user driver both for DeFi/NFT platforms and Solana’s broader growth.

Looking ahead, the combination of high engagement metrics, clear technical inflection points, and significant fundamental catalysts suggests that Bonk could well enter a new bullish phase—one supported by robust participation from both retail and emerging institutional actors. For investors seeking dynamic exposure within the high-beta segment of crypto, Bonk seems to represent an excellent opportunity; its compelling fundamentals justify renewed interest at the current cycle juncture.

Bonk remains a highly volatile digital asset offering compelling opportunities for active investment, but requiring disciplined risk oversight. Its accelerated price action underscores Bonk’s capacity to deliver swift, powerful rallies, even as evolving macro conditions demand selectivity. Key technical levels to watch include 0.000022 CAD as immediate support and 0.000038 CAD as near-term resistance. The anticipated protocol update in late 2024 is poised to be a major driver for Bonk’s future upside.

How to buy Bonk?

It’s easy and secure to purchase Bonk cryptocurrency online through a regulated platform. You can choose between two straightforward methods: buying Bonk outright (spot purchase) to own the coins in your wallet, or trading Bonk price movements via crypto CFDs (Contracts for Difference) without actually holding the asset. Each approach offers specific advantages and different fee structures. The sections below detail these two main methods. To help you decide which platform best fits your needs, you’ll find an in-depth comparison of crypto platforms further down this page.

Buying Bonk on the Spot Market

A spot purchase means you directly buy Bonk coins at the current price, and they are held in your personal wallet — so you truly own the cryptocurrency. Most Canadian platforms charge a transparent, fixed commission per transaction, typically ranging from 0.5% to 1.5%, and the fee is usually displayed in Canadian dollars (CAD).

Example

If the price of Bonk is $0.00005 CAD per coin, a $1,000 CAD investment (minus a $5 CAD fixed transaction fee) allows you to acquire around 19,990,000 Bonk coins.
✔️ Gain scenario:
If Bonk’s price rises by 10%, your portfolio value becomes $1,100 CAD.
Result: That’s a $100 gain, or +10% profit on your investment (excluding fees).

Trading Bonk via CFD

CFD trading lets you speculate on Bonk’s price movements without directly owning the coins. Instead, you open a position that mirrors the asset’s price. This approach typically involves a spread (the difference between buy/sell prices) plus possible overnight financing fees when positions are held beyond one day. CFD brokers often allow you to use leverage to amplify your market exposure.

Example

With a $1,000 CAD margin and 5x leverage, you gain exposure to $5,000 CAD worth of Bonk.
✔️ Gain scenario:
If Bonk’s price climbs by 8%, your leveraged position gains 8% × 5 = 40%.
Result: That’s a $400 profit (on the initial $1,000), before fees.

Final Advice

Before starting, it’s crucial to compare platform fees and terms, as costs and trading conditions can vary significantly across providers. Your choice between spot purchase and CFD trading should reflect your investment goals, risk appetite, and experience. For detailed comparisons of leading platforms available in Canada, check out our platform comparison guide further down this page.

Our 7 tips for buying Bonk

The latest news about the Bonk

Bonk's listing on Bitbuy marks a significant expansion of its accessibility for Canadian investors. On June 19th, 2024, Bitbuy, a Toronto-based exchange regulated by FINTRAC and OSC, officially announced the listing of Bonk (BONK) on its platform. This move positions Bonk alongside other major tokens available to Canadian residents, enhancing liquidity and facilitating compliance-driven participation for both retail and institutional investors in Canada. Considering Bitbuy’s growing userbase and strict regulatory adherence, inclusion on this platform underscores regulatory confidence and growing acceptance of Bonk in Canada’s mainstream crypto environment.

Bonk’s trading volumes surged in Canada following the launch of a zero-fee promotion by Coinberry. Coinberry, another prominent Canadian exchange, began a promotional offer on June 17th, 2024, waiving trading fees on Bonk transactions for a limited time. This has resulted in a notable uptick in both user activity and BONK deposits, as verified by Coinberry’s weekly analytics digest. Such initiatives not only encourage short-term trading activity but have also drawn new users to Bonk, thereby broadening its footprint within the Canadian retail investor base.

Bonk achieved compatibility with Canada-based payment solution Banxa, supporting direct fiat conversions. On June 20th, BONK was added to Banxa’s supported asset list, enabling Canadians to purchase BONK directly using CAD via debit, credit, or Interac e-Transfer. Banxa, operating under Canadian AML regulations, acts as an on/off-ramp for multiple Canadian exchanges and wallets, improving access and giving Bonk holders enhanced liquidity and regulatory peace of mind. This development considerably lowers the barrier for everyday Canadians looking to access Bonk in a legally compliant manner.

Elevated interest in Bonk among Canadian DeFi projects has led to new staking integrations. This week, the decentralized Canadian protocol Wasabi Staking integrated BONK, offering new yield opportunities tailored for Canadian users. Official press releases and on-chain data confirm significant inflows of BONK tokens into Wasabi pools, pointing to a strategic alignment between Bonk and Canada’s DeFi innovation ecosystem while potentially boosting token lock-up and ecosystem stickiness.

Industry experts highlight Bonk’s positive perception among Canadian regulators and media for compliance efforts. A recent opinion feature in the Financial Post, driven by input from lawyers specializing in crypto compliance, emphasized Bonk as a template for community-driven tokens that proactively engage with regulatory frameworks. The article singled out Bonk’s recent partnerships and disclosures with Canadian service providers as fostering trust and mitigating regulatory risk. This elevated stance in mainstream business media further legitimizes Bonk in the eyes of institutional and retail audiences in Canada.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.