BONK (Bonk) rose 5.36% in the last 24 hours.

Gate News Bot news, September 12, according to CoinMarketCap, as of the time of writing, BONK (Bonk) is currently priced at $0.0000245978, with a 5.36% rise in the last 24 hours, reaching a high of $0.0000247692 and a low of $0.0000197521. The 24-hour volume has reached $403 million. The current market capitalization is approximately $1.996 billion, an increase of $102 million compared to yesterday.

BONK is a community-driven project based on Solana, focusing on the development of multiple key projects. These include the BONKrewards platform, which provides rewards for users who lock BONK tokens, and the BONKmark project, which serves as an electronic greeting card aimed at helping users easily introduce their friends and family to the blockchain world. In addition, BONK has developed the BONKscooper tool for converting tokens in wallets to BONK and closing unused accounts. The BONK ecosystem also includes a curated token issuance platform, BONKlive, and a sports betting site, BONKbets.

Important news about BONK recently:

1️⃣ Nasdaq-listed companies invest in BONK A Nasdaq-listed company has announced the launch of a $25 million BONK treasury investment plan, a move that demonstrates institutional investors' confidence in the BONK project and is expected to attract more funds, driving the BONK price rise.

2️⃣ BONK price reaches key support level After experiencing a large-scale sell-off, the BONK price has successfully held its key support level, indicating that the market still has some confidence in the token. This price resilience may attract more buyers to enter the market, laying the foundation for future rise.

3️⃣ Solana ecosystem activity rise As an important project in the Solana ecosystem, BONK benefits from the increased activity of the entire Solana network. Recently, Solana-related projects have performed well, driving the prices of ecosystem tokens like BONK to rise.

From a technical perspective, the BONK price is currently testing the important resistance level of $0.000026. If it can break through this level, it may trigger a new round of rise. However, investors should be aware that as a meme token, BONK's price fluctuations can be quite volatile.

This message is not intended as investment advice; investors should be aware of market volatility risks.