BONK Price Could Still Rally 74%, but a Pullback May Be Needed First

Key Insights:

• BONK price strength comes from rising active wallets and early whale accumulation, not hype alone.
• Whale buying slowed after adding 9.41 billion BONK, showing caution at higher prices.
• Price can still move higher if it holds above $0.000010 and clears $0.000012.

BONK has moved higher very quickly this week. BONK price is up about 46% in the last seven days, which is stronger than most meme coins. But price alone does not explain what is happening. When we look deeper, we can see more users joining, early buying from large wallets, and a price pattern that still allows more upside. At the same time, the move may slow down for a short period before continuing.

This is not about price going up every day. It is about whether buyers stay active after the first big move.

BONK User Activity Is Rising Along With Price

One important metric to watch is active addresses. Active addresses show how many different wallets are sending or receiving BONK each day. When this number rises, it usually means more people are actually using or holding the token, not just trading it for a few minutes.

At the start of January, BONK had around 4,700 active addresses. By Jan. 5, this number increased to almost 13,000. That is a large jump in a very short time.

This matters because many meme coin rallies fail when only traders are involved. When wallet activity rises like this, it shows wider interest. Even if the BONK price pauses for some time, growing activity helps support the trend.

So far, BONK’s usage has grown along with the price, which is a healthy sign.

Large Wallets Bought Early, Then Stopped Adding

Another thing to watch is whale behavior. Whales are wallets that hold large amounts of a token. In BONK’s case, we look at wallets holding between 100 million and 1 billion BONK.

Since Dec. 31, these wallets increased their holdings from about 2.7227 trillion BONK to around 2.7321 trillion BONK. That means they added roughly 9.41 billion BONK during the early part of the rally.

After that, their total holdings stopped increasing. This does not mean they are selling. It means they are no longer buying at higher prices.

This is common behavior. Large holders often buy early and then wait when the price rises fast. They prefer calmer price action before making new decisions.

Right now, there is no strong sign that whales are exiting. They appear to be holding what they bought earlier.

BONK Price Structure Still Allows More Upside

BONK price chart shows a pattern where the price moved up fast and then started moving sideways. This usually happens when buyers take a short break after a strong rally.

As long as BONK stays above $0.000010, this price structure remains intact. If the price moves above $0.000012, it would show that buyers are still in control. A dip under $0.000010 could invalidate the entire bullish theory.

Based on the size of the earlier move, the chart allows a possible upside of around 74% if the BONK price continues higher over time.

However, the money flow index, or the MFI metric, also hints at a pullback. This dip buying force measuring metric recently moved to the overheated zone and has flatlined for a while. That hints at price dip expectations, with more traders joining in at a lower price.

An analyst watching the meme coin also pointed out an important confirmation level. If BONK moves above $0.00001687, it would signal that the next upward move may begin. Until then, small price dips or sideways movement are not a problem.

Short-term support sits near $0.00001069, which also aligns with the TCR price chart. If the price moves closer to this level without breaking lower, it would still be considered normal BONK price behavior after a fast rally.