In the first 3 days of June 2025, the altcoin market has bullish vibes, and even the memecoin market is excited, especially the BONK price.
After hitting an ATH of $0.00005900 in Q4 2024, the first quarter of 2025 was pessimistic for the BONK price, as it shattered over 80% gains and marked a low of $0.00000910. The memecoin was growingly seen as rubbish in this quarter, but Q2 is changing the perspective once again on the optimistic side, and memecoin traders are jumping back again.
More to it, the BONK crypto has outpaced itself, as in June, it has become more than a Solana-based meme coin. It has officially rolled out its first licensed game ever, Bonk Arena, which is developed by Bravo Ready.
As a result of the launch, BONK price has gained new. Over the last day, the token has increased by 8%, and trading volume has risen by almost 30% to exceed $215 million.
Keep reading to know more.
Was Smart Money Aware Of BONK Arena Before the Retail Crowd?
As the price experienced a slow increase and trader participation in meme coins lagged behind that of utility-backed altcoins, BONK came with a plan.
Their plan involved launching a “Kill-to-Earn” game aimed at boosting adoption and re-establishing BONK as a prominent meme in the crypto community. It appears that savvy investors anticipated this strategic move, as they began accumulating during the dips in the days leading up to the game’s launch.
An account on X has highlighted that over some period, buying activity by whales are tracked, and they are positioning for a bigger move ahead.
If this game becomes a strong catalyst and its adoption rises then its price action could explode northwards. On the weekly chart, its clear that it is holding at May’s support zone, and a rise in bullish pressure would lead to a retest at $0.00002962 by June end.
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