Why BONK’s Temporary Slump Is the Hidden Catalyst Behind Its Explosive 51% Surge—Don’t Miss This Critical Insight!

While BONK’s OI remained strong, other derivative metrics show a more mixed picture.

Funding Rates have surged to 0.0329, at press time – still elevated, though slightly down from recent highs – indicating that long traders are paying a premium to stay in position.

Source: Coinalyze

This suggests continued bullish sentiment, but it’s also a sign of overheated conditions that could invite short-term volatility.

Meanwhile, Total Derivatives Volume dropped by over 41% to $929.37 million in the past 24 hours, hinting at some exhaustion among intraday traders.

In short, the momentum is alive, but it’s getting more expensive to ride the wave.

BONK still leads weekly gains as memecoins stage a comeback

It’s been a strong week across the memecoin board. BONK surged over 51% in seven days, outperforming heavyweights like Dogecoin [DOGE] and Shiba Inu [SHIB].

Even newer entrants like Pudgy Penguins [PENGU] and Official Trump [TRUMP] tokens posted over 50% and 4.5% weekly gains respectively, showing renewed speculative interest.

Source: CoinMarketCap

Despite BONK’s daily dip, its chart reflects a steep and sustained uptrend, suggesting it still commands the narrative.

With capital rotating back into high-risk assets, memecoins are once again proving to be early beneficiaries of sentiment shifts, particularly those with strong community backing and fresh catalysts.