BONK Surges as Whales Accumulate and First ETP Debuts on SIX Swiss Exchange

BONK, the Solana-based memecoin, has broken out of a prolonged downtrend, rallying 13.25% in the past day to hit $0.00001007 after reaching a local low of $0.00000844 four days ago. Volume surged 111% to $194 million, indicating robust capital inflows, with buy orders totaling 4.3 trillion over three days and a positive Buy-Sell Delta of 300 billion, signaling aggressive spot accumulation.

Whales have taken charge, with large entities driving buyer dominance, as evidenced by Spot Taker CVD data from CryptoQuant showing sustained demand over the past week. Exchange netflow turned negative to -$385.6k, highlighting increased outflows from exchanges. Technical indicators support the bullish momentum, with Stochastic RSI at 68 and the Relative Vigor Index making a bullish crossover, suggesting potential trend continuation towards $0.000011 or even $0.000013.

Adding to the optimism, Bitcoin Capital is set to launch the first BONK ETP on the SIX Swiss Exchange on November 27, 2025, offering regulated access across Europe. BONK's utility is expanding beyond its meme origins, with nearly 1 million holders and integration across over 400 applications in the Solana ecosystem, including DeFi platforms, NFT marketplaces, and gaming environments.

Deflationary mechanisms are actively reducing supply, from 100 trillion to around 88 trillion tokens, fueled by burns from apps like BonkBot, which has generated over $87 million in lifetime fees. Institutional interest is growing, with the Osprey Bonk Trust holding roughly 2.3 trillion BONK and plans for more ETFs from Osprey and REX under SEC review. If demand persists, BONK could target a 200% rally to $0.00002800-$0.00003000, though a drop to $0.000009 is possible if profit-taking emerges.