Workflow
BONK crypto
icon
Search documents
BONK Crypto Blasts Back: Why is Crypto Going Up? Is BONK Best Memecoin to Bid in 2026?
Yahoo Finance· 2026-01-07 10:00
Market Overview - Bitcoin and major altcoins have experienced a price increase, with Bitcoin trading near $93,445 and Ether around $3,287, while Solana is close to $140.83 [2][3] - BONK crypto has seen a significant rebound, trading near $0.000012 with a 24-hour volume of approximately $503 million and a market value of about $1.04 billion [2][4] Institutional Interest - Morgan Stanley has filed with the US Securities and Exchange Commission to list exchange-traded funds (ETFs) tied to Bitcoin and Solana, indicating a growing interest from major financial firms in crypto as a legitimate investment product [3][4] - The introduction of institutional products like ETFs is anticipated to attract more traditional investors into the crypto market, adding legitimacy to the sector [4] Technical Analysis - A crypto analyst has noted a sharp breakout in BONK after a period of decline, with the token rising to around 0.00001374, indicating a bullish trend [5] - Prior to this breakout, BONK was trading within a narrow consolidation range of 0.00000750 to 0.00000820, following a downward trend through November and December [6]