The Solana-based meme coin, BONK, is demonstrating notable resilience at the end of October 2025, successfully defending a key support level amidst a significant surge in trading activity. This price action has captured the attention of the market, highlighting both the token’s volatile nature and a growing layer of institutional interest.
A Defensive Stand at a Key Level
After testing its upper trading range near $0.000015, BONK experienced a pullback, with its price dipping below the $0.000014 mark during trading on October 30th. This decline, however, was met with a strong wave of buying interest. The defense of this support level occurred alongside a dramatic 71% surge in daily trading volume, with over 1.13 trillion tokens changing hands. This spike in activity signals active repositioning in the market, suggesting traders are closely watching the battle between bullish and bearish forces at this psychological and technical price anchor.
The Institutional Backing Beneath the Surface
Records from the period show that 749.86 billion tokens were exchanged, which explains the 71% increase in volume. In a single day, the asset fluctuated between a 2.4% drop to $0.00001488 and a 5.21% rebound to $0.000015. Although BONK operates on the Solana blockchain, it leverages Solana’s dual Proof of History (PoH) and Proof of Stake (PoS) design, keeping fees low and throughput high.
BONK’s total market value stands near $1.3 billion, with an approximate ranking of 60 on CoinMarketCap, keeping it among Solana’s leading memecoins.
Navigating the Path Ahead
For traders and investors, the immediate future of BONK hinges on its ability to maintain its current footing. Technical analysis suggests that a decisive close above $0.0000143 could signal renewed upside momentum, potentially paving the way for a retest of higher resistance levels. Conversely, if selling pressure intensifies and the price breaks below the $0.0000139 support, the next downside target could be near $0.0000137. The recent volatility underscores the inherent risks in meme coin trading, where prices can be swayed rapidly by market sentiment and the actions of large holders.
In summary, BONK finds itself at a critical juncture. Its successful defense of a key support level, coupled with record trading volume and groundbreaking institutional investment, creates a compelling narrative. The market will be watching closely to see if this combination of technical strength and fundamental backing is enough to fuel its next significant move.
