According to @AltcoinGordon, the Solana-based memecoin BONK (BONK) has surged over 10%, leading a broader altcoin rally. This price increase is driven by several bullish factors, including Tuttle Capital Management setting July 16 as the earliest possible launch date for its proposed 2x leveraged BONK ETF, although it is not yet approved. Additional positive momentum comes from the BONK foundation's launchpad, LetsBONK.fun, which surpassed a competitor in daily volume and uses 50% of its revenue to buy and burn BONK tokens. This complements the anticipation of a 1 trillion token burn when BONK reaches 1 million holders. Technical analysis from the source highlights a price surge from $0.0000147 to a peak of $0.0000175. Key support levels have been established at $0.00001619, $0.0000157, and $0.0000142, while a head-and-shoulders pattern was noted, suggesting potential short-term exhaustion.

According to @phantom, the Solana-based memecoin BONK (BONK) is leading the altcoin rally as Bitcoin (BTC) approaches new highs. Technical analysis indicates the BONK-USD pair surged within a 10.4% range, from $0.0000147 to a peak of $0.0000175 between July 2 and July 3. The analysis identifies strong support at the $0.0000157 level and a key support level at $0.00001619, established following a volume spike of 86.9 trillion. Bullish momentum is supported by several factors, including the LetsBONK.fun launchpad's success, where 50% of revenue is used to buy and burn BONK tokens. Further positive pressure is anticipated from an upcoming 1 trillion token burn when BONK reaches 1 million holders and the potential launch of a 2x BONK ETF by Tuttle Capital Management as early as July 16.

According to @Pentosh1, the Solana-based meme coin Bonk (BONK) surged 9.87% to $0.00001494 on July 2, driven by news surrounding Tuttle Capital's proposed 2x Long BONK ETF. The firm filed a post-effective amendment indicating the ETF could launch no sooner than July 16, pending regulatory approval. This proposal also includes leveraged funds for other assets like SOL, XRP, ADA, and LTC. Technical analysis shows BONK broke through resistance at $0.0000144 on strong volume but later formed a head-and-shoulders pattern, suggesting potential short-term exhaustion. Key support is now identified around $0.0000142. Adding to market dynamics, the BONK developers announced the Saga phone token redemption program will end on July 31, with unclaimed tokens returning to the BONK DAO for ecosystem development.