Key Insights:
- To reach $1, the BONK would need to surge over 4,699,000%, which appears to make it nearly impossible.
- On-chain metric reveals that exchanges have recorded a significant outflow of over $18.07 million.
Bonk (BONK), the popular Solana-based meme coin, is gaining significant attention from traders and investors. With strong upward momentum and impressive recent performance, many are now asking, Will BONK Coin reach $1? In the ever-unpredictable world of cryptocurrency, anything is possible—whether it’s a meme coin skyrocketing to $1 or facing a sharp correction.
BONK’s Price Momentum
At press time, BONK was trading near $0.00002057 and has registered a price surge of over 4.10% in the past 24 hours. During the same period, its trading volume surged by 5%, indicating heightened participation from traders and investors than the previous day.
Will BONK Coin Reach $1?
The meme coin launched in 2023, and since then, it has surged over 42,800% at its peak of $0.0000606. It is now trading at $0.00002057. To reach $1, the meme coin would need to surge over 4,699,000%, which appears to make it nearly impossible for BONK to achieve the $1 mark.
Expert Bullish View For BONK
Besides the goal of reaching $1, investors and experts are increasingly showing interest in the BONK meme coin.
Recently, an advisor at OKX, a cryptocurrency exchange, shared a post on X (formerly Twitter), stating that seeing BONK hit a new all-time high would be beautiful. In the post, the expert included a daily chart, showing that the meme coin has recently broken out of a descending trendline, which had acted as strong resistance since November 2023.
BONK is currently in an uptrend, consistently finding support along an ascending trendline. At the moment, the BONK price is sitting at the trendline support, indicating a potential price reversal and upside momentum.
BONK Price Action and Technical Analysis
According to expert technical analysis, the answer to the question “Will BONK reach $1?” is no — it is unlikely to ever reach the $1 mark in the future.
Currently, the meme coin is moving in an uptrend and appears bullish, with the potential to continue its upward momentum in the coming days. However, there is a catch. Based on the daily chart, BONK has been trading within an ascending trendline, moving between the lower and upper boundaries since the beginning of April 2025.
BONK Price Prediction
Following the recent market dip, the price has touched the lower boundary. Based on recent price action and historical momentum, if the meme coin holds this lower boundary and maintains a price above $0.0000194, there is a strong possibility that it could continue its upward momentum.
Moreover, if the upside momentum continues and BONK’s price breaches and closes a daily candle above the $0.0000264 level, there is a strong possibility that it could soar by 125%, potentially reaching $0.000059 or even setting a new all-time high.
On the other hand, if BONK’s price fails to hold the ascending trendline support and closes a daily candle below $0.0000194, it could drop by 25%, with the price potentially falling to the $0.0000148 level in the future.
As of now, BONK’s Relative Strength Index (RSI) stands at 50, indicating neutral market momentum. This suggests that BONK is neither overbought nor oversold, leaving room for a potential move in either direction depending on upcoming market activity and investor sentiment.
$18 Million Worth of BONK Outflow
So far, investors and long-term holders have shown strong interest in the meme coin, as they have been actively accumulating it since late April 2025, according to data from the on-chain analytics tool Coinglass.
Data from spot inflow/outflow reveals that exchanges across the crypto landscape have recorded a significant outflow of over $18.07 million worth of BONK meme coin in the past week.
This substantial outflow of BONK in the current market conditions indicates potential accumulation, which could create buying pressure and support further upside momentum.