BONK, the Solana-based meme token, advanced 4% in the last 24 hours, reaching $0.0000218 before settling around $0.0000213.

The strongest push came at 19:00 UTC on Wednesday, when BONK jumped 1.9% from $0.0000211 to $0.0000215, propelled by a 574.8 billion-token volume spike. Sellers capped momentum at $0.0000215, yet support consistently re-emerged near $0.0000212, reinforcing the token’s resilience.

BONK traded within an 8% intraday range, reflecting persistent volatility, according to CoinDesk Research’s technical analysis data model.

Institutional confidence in Solana continues to grow. Galaxy Digital, Multicoin Capital, and Jump Crypto are spearheading a $1 billion Solana investment fund, supported by Cantor Fitzgerald’s infrastructure. The initiative exceeds existing Solana allocations by 150%, and could channel significant liquidity into Solana-native projects, with BONK among the ecosystem’s most actively traded tokens.

Separately, beverage company Safety Shot recently completed a $25 million BONK allocation to finance the majority of a $30 million raise. While the announcement came earlier this week, it remains a milestone for meme coin adoption in corporate treasury management. Together, these developments demonstrate how BONK is moving beyond its origins into institutional conversations about liquidity and diversification.

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