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BONK maintains strong weekly gains despite 7% dip

BONK has dropped 7% in the last day but shows over 50% gains this week.

July 18, 2025 at 03:03 PM

BONK news: Here's why a short-term dip won’t stop its 51% rally

BONK dips 7% from recent highs but holds strong weekly gains.

BONK shows resilience despite recent price dip

BONK has seen a decline of nearly 7% over the past day, which has drawn attention from traders. However, it is important to note that the cryptocurrency remains one of the strongest performers this week, showing more than 50% gains overall. The rise in Open Interest and Funding Rates indicates that many investors continue to support BONK’s momentum despite the recent dip. Following the addition of BONK to Grayscale's tracking list, there is renewed optimism among traders, reflecting a robust appetite for risk within the crypto market.

Key Takeaways

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BONK dropped 7% recently but retains over 50% weekly gains.

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Open Interest remains significantly high at $54.7 million.

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The dip may be a healthy correction rather than a trend reversal.

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Investors show renewed interest following BONK's addition to Grayscale's list.

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The overall crypto market sentiment appears to be improving.

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Traders are still actively betting on BONK's momentum despite fluctuations.

"Despite a 7% slip, BONK’s overall performance remains impressive this week."

This highlights the resilience of BONK in maintaining investor interest.

"Investors are clearly still betting on BONK’s momentum after the slight pullback."

Shows that market sentiment is not significantly dampened by short-term fluctuations.

Even with the recent price decrease, BONK's continued rise in Open Interest suggests that investor confidence is not wavering. The cryptocurrency has displayed strong short-term performance, indicating that market sentiment may favor a temporary pullback rather than a long-term decline. Grayscale's inclusion of BONK could also boost its credibility among potential investors, suggesting that the hype surrounding this memecoin is still very much alive. This could mean BONK is poised for further gains as traders seek out opportunities in a recovering crypto landscape.