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The Bonk price surged 17% in the last 24 hours to trade at $0.00001617 as of 10:40 p.m. EST as investors rush to buy the meme coin.
The sharp rise in the BONK price comes as the project announced a 1 trillion token burn campaign. On X, the project said that the total token supply will be slashed once the number of on-chain BONK users hits 1 million.
In a July 3 update, the Bonk team revealed that the total number of on-chain BONK users currently stands at around 943K.
Just a reminder:
The Dog will be doing a 1,000,000,000,000 $BONK burn when this number hits 1,000,000👇 pic.twitter.com/nkzo1QO65y
— BONK!!! (@bonk_inu) July 2, 2025
Bonk Price Heads For A Major Resistance, Will It Break Through?
Daily chart for BONK/USD (Source: GeckoTerminal)
The Bonk price is nearing a resistance level at $0.00001823, data from GeckoTerminal shows. Should the meme coin break above this technical barrier in the next few days, it could then extend its rally in the short term and rise towards the next major resistance level at $0.00002177.
However, traders opting to realise their profits from the recent run or a sudden bearish shift in the overall crypto market could invalidate the bullish thesis. In this alternative scenario, the Bonk price might end up correcting to the nearest support level at $0.00001406.
In an extreme case, BONK could end up falling below that point and plunging to as low as $0.00001107 if bulls don’t step in.
Bulls Might Keep Pushing The Bonk Price Up In The Short Term
Technical indicators, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), point to a continuation of BONK’s positive trend.
In the last 48 hours, the MACD line started to break away above the MACD Signal line. As the gap between the two lines grows, traders might identify the widening margin as an indication of increasing bullish strength.
RSI readings have also risen throughout the last 48 hours, signaling growing buyer strength as well. Recently, the indicator broke above the neutral 50 mark, which suggests buyers have gained the upper hand against sellers.
If the bullish signs presented by the MACD and RSI influence traders’ decision making, then the Bonk price might end up attempting a challenge at the $0.00001823 barrier soon.
As the Bonk price tries to extend its rally, investors are also buying into the presale for Snorter Token (SNORT). According to popular YouTuber and analyst Jacob Crypto Bury, who has over 56.9K subscribers, SNORT could soar 100X on launch.
Snorter Turns Telegram Into The Ultimate Trading Dashboard
The crypto trading scene is known to be dominated by crypto whales, who announce their next moves at secretive groups and often perform trades at the expense of smaller retail traders. Snorter Token, with its new crypto trading bot, aims to level the playing field.
With the Snorter Bot, users can snipe new tokens, perform sub-second swaps, copy other top traders and monitor their portfolio in real-time. In addition to this, the bot comes with advanced rugpull and honeypot scam detection as well, and has shown an 85% success rate in protecting users from these threats.
Unlike its competitors that often require users to download browser-based tools, Snorter offers all of that functionality straight from the popular messaging app, Telegram.
SNORT token holders also get to enjoy competitively-low transaction fees. Anyone that holds the meme coin while using the bot will reduce their trading fees from 1.5% to 0.85%. This is much lower than that of other trading bot solutions like Bonkbot, Trojan and others.
The team will initially launch the bot on Solana, which means traders can trade new tokens that are launched through Pump.fun and other token launchpads on the Solana chain. In the project’s roadmap, the team has revealed that Snorter bot will soon offer support for Ethereum Virtual Machine (EVM) chains as well.
Investors Bet Big On SNORT’s Future
With everything the Snorter Bot has to offer, it’s easy to see why investors have pumped more than $1.49 million into the project’s ongoing presale so far.
Interested investors can take part in the ICO and acquire SNORT tokens through the simple buy widget embedded on the project’s website. Selling for $0.0969, SNORT can be bought with both crypto or bank card. Tokens can also be staked for an attractive 235% APY.
Anyone that wants to buy will want to hurry, because SNORT’s price will undergo multiple staged increases as the ICO progresses. The next price hike is set to take place in around 7 hours.
Visit the official Snorter Token website.
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