Bond
increased 9.87% to $ 0.00001494 on July 2, extending recent profits through the Token space of Meme de Solana, according to the technical analysis model of Coindesk Research.
The measure occurred in the middle of new attention to the 2x long ETF Bonk proposed by Tuttle Capital, which has taken a procedure step, but still does not approval.
Tuttle Capital originally presented a N-1A form on January 27, for an aired ETF set, including a long 2x bonk product. On July 1, the firm presented a post-effective amendment indicating that ETF could enter into force on July 16. This means that the product could launch after that date, waiting for regulatory authorization and operational preparation. The presentation includes similar exposure funds from 2 times to 2 times for other assets, including Sol, Trump, Melania, XRP, ADA and LTC.
This update has revived the interest of investors in BONK, which reflects a broader appetite for exposure to structured memes coins through traditional financial instruments. However, the ETF is not yet approved, and the date of July 16 only marks the earliest possible activation under the procedures of the current sec.
On the other hand, Bonk developers announced that the Saga Telephone Tokens Redemption Program will officially end on July 31. Of the 20,000 assignments, approximately 17,599 have been claimed. The not claimed tokens will be returned to Bonk Dao and will go to the future development of the ecosystem. This change coincides with the launch of the Solana Seeker phone, indicating a transition in the Mobile Solana device cycle.
Meanwhile, the Solana network continues to grow. Defi Development Corp has joined as validator, which increases the decentralization of infrastructure. The widest network has now exceeded the 350 integrations in the chain, increasing the visibility and usefulness of tokens as Bonk in cases of use of defi and web3.
TECHNICAL ANALYSIS
- Bonk rose from $ 0.0000136 to a peak of $ 0.00001524, 12.1%more, before closing at $ 0.00001494.
- The price broke the resistance to $ 0.0000144 during the UTC time of 16:00 in a strong volume of 1.38 billion.
- A head and shoulder pattern formed between 4:48 p.m. and 17:47 UTC, indicating a potential exhaustion.
- Below below $ 0.00001500 saw a large sale, with 73.9 billion in volume during candle 17:39.
- The support is now seen around $ 0.0000142, reinforced by the purchase of high volume during 1:00 p.m.
- Volatility and volume remain high, which suggests continuous short -term speculation.
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