BONK Price Surges Over 10%: Key Drivers Behind the 24-Hour Rally

The price of Solana-based meme coin BONK has experienced a significant surge, climbing more than 10% within the past 24 hours. This notable increase is fueled by strong bullish momentum across the broader cryptocurrency market, with particular strength observed in the meme coin sector. Analysts point to increased trading volume and positive market sentiment as primary catalysts for the jump. The rally highlights the volatile yet opportunistic nature of altcoins, as BONK outperforms many major assets in the short term. Traders are closely monitoring key resistance levels to gauge if the upward trend for BONK can sustain its current pace.