Bonk up 158% in July, but can buybacks push it 46% higher?

BONK experienced a significant rally of 158% in July, driven by a robust deflationary strategy. The team burnt 500 billion tokens to bolster the coin’s price and introduced a buyback program using 1% of revenues from the BONKfun launchpad.

Market sentiment remains bullish among traders. If BONK can maintain support at 0.000036 USD, it has the potential to rise to 0.000052 USD. However, if the support falters, a pullback to 0.000025 USD may occur.