Bonk, a memecoin based in Solana (BONK), has risen by 160% during the past month. Over the past few weeks, memecoins have outperformed many other top projects. According to CoinGecko’s BONK statisticsSince July 2024, the price of the stock has risen by 0.6% on the daily chart, 3.2% on the weekly chart, 31.3% on the 14-day chart, and 25,8% overall. We’ll see if Solana’s BONK is able to reach a new high for August 2025.
How high can BONK reach in August 2025
Memecoins have a high level of volatility. They fluctuate in price depending on the online buzz. It is not clear if BONK will continue to rally in the next few days, given their volatility. Memecoin has fallen by 40% from its highest point of $0.00005825. If Solana’s BONK coin continues its upward trajectory, it may reach a peak as early as August 2025.
CoinCodex BONK analysts I do not believe the Solana memecoin will be able to sustain its rally. BONK will likely face a large correction at the beginning of next month. CoinCodex’s projections place the memecoin at a price of $0.00002416 by August 7, 2025. A fall to $0.00002416 will result in a 31.32% correction.
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Investors are likely to be looking forward to the Federal Open Market Committee’s (FOMC) upcoming meeting, which will add to CoinCodex’s bearish forecast. It is very unlikely that the Federal Reserve would cut interest rates for this month. Investors may have been encouraged to invest in risky assets by a rate reduction. Memecoins rank among the most risky assets on the market. BONK, and other memecoins may face a steep drop if the Federal Reserve doesn’t cut interest rates.
In contrast, crypto markets have remained steady in recent months without any interest rate cuts. Bitcoin’s (BTC) upward trend could lead to other assets following suit. BONK may continue its upward trend if Solana’s (SOL), follows BTC. BONK’s fate will be determined by the way the markets unfold over the coming days.
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Source: watcher.guru
