Major BONK Purchase via DAT Announced: Rally Inbound?

Source: CryptoNewsNet Original Title: Major BONK Purchase via DAT Announced: Rally Inbound? Original Link: https://cryptonews.net/news/analytics/32083172/

Key Notes

• BONK.fun has redirected 51% of its fees toward BONK accumulation through the BNKK DAT.
• BNKK seeks to secure 5% of BONK’s circulating supply as a strategic reserve.
• A breakout above $0.00001100 could trigger bullish momentum for BONK.

Overview

BONK.fun, a Solana meme coin generator, has announced major changes to its fee structure. The protocol revealed that 51% of its fees will shift toward BONK accumulation through the BNKK Decentralized Autonomous Treasury (DAT).

The 51% fee distribution will come from the prior 35% of Buy/Burn, 4% SBR and 2% from BONK rewards categories and will be added to the existing 10% currently being used for the BNKK DAT.

This change maintains identical net buy pressure on BONK, yet redirects resources for a larger aim. The BNKK team now focuses on a target of 5% of BONK’s circulating supply for its strategic reserve. However, operations and community budgets stay untouched.

Market Performance

According to CoinMarketCap data, BONK trades at $0.000009924, down 14% in the past month. However, the meme token still holds a valuation above the $800 million market cap with a trading volume of $93 million.

Additionally, a subsidiary of Bitcoin Capital issued a BONK ETP to give traders regulated access to the meme coin. The ETP went live on Switzerland’s SIX Swiss Exchange.

Price Analysis

The BONK chart shows that the meme coin is trading deep inside a descending channel that began after the late-summer peak. Current price hovers near $0.00000974 with upper and lower Bollinger values at $0.00001098 and $0.000008576.

Price remains close to the lower Bollinger Band, a zone that often shows exhaustion. The channel lines converge near current prices, hinting at a possible break attempt.

RSI sits at 44.54 while MACD shows values near 0.0000002185 on the signal zone with light positive separation. Volatility stays low as ATR shows 0.0000008307.

Outlook

From this structure, a bullish breakout would only materialize if BONK breaks out above $0.00001100 and then tests $0.00001500. If BONK crosses above the channel with strong volume, the mid-summer highs may come back into view.

On the other hand, failure to hold $0.00000850 may trigger a drop toward $0.00000700. However, with 51% of fees now directed toward BONK acquisition and BNKK moving toward its 5% supply goal, BONK remains a notable meme coin in the market.