BONK Price Surge: Can It Extend Its Rally by Up to 46%

BONK has emerged as one of the memecoins making a strong case for itself over the weekend, alongside Bitcoin's approach to the $64K local supply zone. In contrast to BTC's slow gains, some altcoins have recorded their own short-term increases.

BONK is among these altcoins, with its price rising by just over 10% in the last 24 hours. The coin also saw a significant spike of 152% in daily trading volume, lending substance to this rally.

A look at BONK's Open Interest reveals a surge of 33.9%, indicating strong speculative demand and spot volume that may propel the price upwards in coming days.