{"id":6767,"date":"2025-08-05T08:07:09","date_gmt":"2025-08-05T08:07:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-letsbonk-fun-token-burns-drive-bonk-price-up-60-back-to-its-july-peak\/"},"modified":"2025-08-05T08:07:21","modified_gmt":"2025-08-05T08:07:21","slug":"can-letsbonk-fun-token-burns-drive-bonk-price-up-60-back-to-its-july-peak","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-letsbonk-fun-token-burns-drive-bonk-price-up-60-back-to-its-july-peak\/","title":{"rendered":"Can LetsBONK.fun token burns drive BONK price up 60% back to its July peak?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BONK price is holding a critical support level, setting the stage for a potential 60% surge as continued token burning reinforces cautiously bullish technicals.<\/p>\n<div id=\"cn-block-summary-block_9e3d4ca38310848ea705d11d7498e29f\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>BONK is holding above a key support zone around $0.000025, aligning with the EMA 50, signaling potential rebound.<\/li>\n<li>A move above EMA 20 could trigger a rally toward $0.000032\u2013$0.000035, with $0.00004075 as the upside target.<\/li>\n<li>Significant token burning from LetsBONK.fun\u2014300 billion BONK recently burned\u2014adds strong deflationary pressure.<\/li>\n<li>Continued strong trading volume and burn-backed tokenomics support a potential 60% price surge from current levels.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bonk (BONK) price appears to be staging a reversal following its sharp 40% drop from peak of the recent parabolic rally, which began from the June 22 low of $0.00001143 and peaked at $0.00004075 on July 17, marking a staggering 256% gain. During this pullback, BONK price slipped below the EMA 20 and kept falling until the price bottomed at $0.00002411 on August 2. However, the EMA 20\/50 bullish crossover remains intact, signaling continued upward momentum despite this correction.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14402734\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/skYOuuO6\/?symbol=BINANCE%3ABONKUSDT\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>Currently, BONK price is consolidating firmly above the EMA 50. The memecoin\u2018s price is also holding at a key horizontal level \u2014 previously resistance, now acting as support \u2014 around $0.000025 \u2013 $0.000026. This zone is significant because:<\/p>\n<ul class=\"wp-block-list\">\n<li>It marks a prior breakout level where BONK faced multiple rejections in late 2024 and in May this year. The recent rally only took off after this resistance was cleared.<\/li>\n<li>Volume profile around this zone has historically shown strong accumulation, indicating that buyers consistently stepped in here.<\/li>\n<li>The EMA 50 is aligning with this range, which adds confluence to the horizontal level and strengthens the case for a potential rebound from it.<\/li>\n<\/ul>\n<p>If BONK price holds this support and reclaims the EMA 20 at around $0.000028, it would confirm a short-term shift in momentum back to the upside. A clean move above that could trigger a run toward the $0.000032\u2013$0.000035 range, with the July high at $0.00004075 as a potential upside target.<\/p>\n<p>Invalidation would come on a confirmed breakdown below $0.000024 on strong volume, which could open the door to deeper retracements toward $0.000017, where the next structural support lies.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">BONK token burning as key catalyst<\/h2>\n<p>One fundamental catalyst that can help BONK price launch from this level to previous peaks is the continued burning of BONK tokens. The team just <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/bonk_inu\/status\/1952453769796673865?t=vnV9iLGGtwsGvNeN08PIbQ&amp;s=19\" target=\"_blank\">announced<\/a> that 300 billion BONK was burned from fees generated at LetsBONK.fun, adding significant deflationary pressure at a critical technical support.<\/p>\n<p>According to the platform\u2019s dashboard:<\/p>\n<ul class=\"wp-block-list\">\n<li>50% of all revenue is allocated to Buy\/Burn, where BONK tokens are purchased on the open market and permanently removed from supply.<\/li>\n<li>On August 2, over 141,868.67 SOL was used just for burning, out of a total 283,736.33 SOL in platform revenue \u2014 showing that half of the income is actively used to drive deflation.<\/li>\n<li>With a 24-hour volume of $126.85M and $1.06M in fees generated, BONK continues to benefit from strong trading activity feeding into the burn mechanism.<\/li>\n<\/ul>\n<p>To sum up, BONK is not just relying on technicals \u2014 it\u2019s backed by solid tokenomics. If the burn momentum continues and price reclaims the EMA 20, a move back toward the July 17 peak of $0.00004075 becomes a real possibility. From the current level, this would mark a 60% gain. <\/p>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14402733\"><source type=\"image\/webp\" ><\/source><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"2028\" height=\"1236\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/08\/1754381229_632_Can-LetsBONKfun-token-burns-drive-BONK-price-up-60-back.png\" alt=\"Can LetsBONK.fun token burns drive BONK price up 60% back to its July peak? - 2\">\n<\/picture><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/revenue.letsbonk.fun\/\" target=\"_blank\">revenue.letsbonk.fun<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BONK price is holding a critical support level, setting the stage for a potential 60% surge as continued token burning reinforces cautiously bullish technicals. Summary BONK is holding above a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6767"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6767\/revisions"}],"predecessor-version":[{"id":6769,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6767\/revisions\/6769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6768"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}