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The Bonk price jumped 12% in the last 24 hours to trade at $0.00002466 as of 4:49 a.m. EST on a 41% surge in daily trading volume to $866 million.
The BONK price increase happened against the backdrop of news that the US and China have ended high-stakes trade talks on a positive note, with American officials touting to have clinched a ‘deal’ to reduce the trade deficit, while their Chinese counterparts said an ‘important consensus’ was reached.
American levies on Chinese goods will drop from at least 145% to a base levy of 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods for the same period.
Breaking overnight..
US-China trade deal terms are now out..
The US will lower tariffs on Chinese goods to 30% for 3 months..
China will lower tariffs on US goods to 10% for 3 months..
A huge victory for everyone in my opinion..— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) May 12, 2025
The US-China trade deal news is massive because it signals potential economic stability, which often pumps up risk-on assets like crypto. BONK, being a Solana-based meme coin, thrives on hype, and this news is giving it the juice to break out.
Bonk Price Eyes 110% Extended Gains After 12% Jump In A Day
The daily chart for BONK/USD shows some interesting technicals. The BONK price just broke above the 200-day Simple Moving Average (SMA) at $0.00002382, which is a bullish signal.
The 50-day SMA at $0.000014861 is also trending up, showing short-term momentum. BONK is currently sitting at $0.00002446, right at the 127% Fibonacci extension level after breaking out of what looks like a double bottom pattern early on in May.
If it holds above the 200-day SMA, investors could see the Bonk price gunning for the next resistance at $0.00002797 (the 161.8% Fib level). This would be another 13% pump from the current price.
The Relative Strength Index (RSI) at 71.70 is in overbought territory, so market participants might see a little pullback soon. The Moving Average Convergence Divergence (MACD) indicator also shows bullish momentum. Nevertheless, traders will want to keep an eye out for a potential crossover if the hype cools off.
BONK/USDT Chart Analysis (Tradingview)
Looking ahead, if the price of BONK clears $0.00002797, the next target is 0.000055, which will be a 110% surge from current levels. However, if the euphoria around the US-China trade deal fade, support at $0.00001487 (50-day SMA) could come into play.
As the Bonk price looks to keep rising, investors are also piling into the presale for Solaxy (SOLX). Influential crypto YouTube channel 99Bitcoins, with over 725K subscribers, says SOLX has the potential to soar 100X after its launch.
Solaxy Presale Soars Past $34.7M — Next 100X Crypto?
Solaxy, a pioneering layer-2 scaling solution for the Solana blockchain, is racing towards the $35 million mark in its ongoing presale. This is an indication of robust investor confidence in the project’s mission to tackle Solana’s persistent network congestion.
Solana, renowned for its high-speed transactions and low fees, processes approximately 4,500 transactions per second (TPS), dwarfing Ethereum’s 15 TPS. However, its success, driven by meme coin frenzies like WIF and TRUMP, has led to network strain, and sometimes even transaction failures.
Solaxy addresses that by processing transactions off-chain, bundling them via rollup technology, and settling them on Solana’s mainnet, ensuring faster, cheaper, and more reliable transactions.
POV: Someone tries to tell you about something other than $SOLX. 🛸🥴#solaxy #SOLAXY_Agent pic.twitter.com/rPRjJCZ6pY
— SOLAXYTOKEN Agent (@SOLAXY_Agent) May 11, 2025
Beyond scalability, Solaxy is building a bridge to Ethereum, merging Solana’s speed with Ethereum’s deep liquidity. This cross-chain functionality positions SOLX as a multi-chain token, enhancing its utility for developers building decentralized applications (dApps) in DeFi, NFTs, and GameFi.
Investor enthusiasm is palpable, with over 9.9 billion SOLX tokens staked at a dynamic 116% APY.
Solaxy’s testnet and block explorer also recently went live, with the team now optimizing node synchronization and targeting 10,000 TPS for their sidechain.
Investors can purchase SOLX through the widget on its website using ETH, USDT, BNB, or bank card. However, buyers will want to act swiftly to lock in current rates.
With the SOLX token priced at $0.001722, early adopters are rushing to secure tokens before the next price hike in around 31 hours, as the project edges closer to a potential mid-June 2025 launch on tier-1 exchanges.
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