Can Bonk Blast Off Like Fartcoin? Traders Smell a Surge

After Fartcoin’s unexpected 500% rally shocked the meme coin market earlier this month, all eyes are now on Bonk, another canine-themed crypto asset, as traders speculate whether it could be the next to skyrocket.

Bonk, originally launched as a lighthearted Solana-based meme token, has recently seen a surge in trading volume and social media buzz. Over the past 48 hours, the token has climbed over 30%, breaking out of a month-long consolidation range.

Momentum traders are paying close attention.

“The chart patterns we’re seeing on Bonk are eerily similar to what preceded Fartcoin’s parabolic move,” said Sasha Lin, a crypto analyst with AltWave Research. “There’s a clear uptick in volume, retail engagement is ramping up, and sentiment across social platforms is shifting quickly in Bonk’s favor.”

Fartcoin, known for its absurd branding and viral marketing, took off largely due to coordinated buying and a flurry of TikTok and X (formerly Twitter) mentions. While many dismissed it as a flash in the pan, it sparked renewed interest in low-cap meme coins.

Now, Bonk is being viewed as a prime candidate to ride the same wave.

Adding fuel to the fire is renewed momentum in the altcoin market more broadly. With Bitcoin holding steady above $65,000 and Ethereum gaining ground, meme coins are once again drawing speculative capital.

However, not everyone is convinced.

“Bonk has potential, but it’s still a high-risk play,” cautioned analyst Reece Mendoza. “Traders chasing another 500% return should remember how quickly meme coins can reverse. What goes up in this space often comes down even faster.”

Still, the buzz is undeniable. Bonk’s community has ramped up marketing, and decentralized exchanges are seeing record liquidity for the token. If momentum continues, a short-term spike isn’t out of the question.

As always, investors are reminded to do their own research, and to treat meme coin rallies with both curiosity and caution.