Solana-based Memecoin Bonk (Bonk), has grown by more than 160% since last month. Memecoin has made significant profits over the past few weeks, surpassing many top projects. According to Bonk Statistics at Coingecko, its prices have risen by 0.6% on the daily chart, 3.2% on the weekly chart, 31.3% on the 14-day chart, and 25.8% since July 2024. Let’s discuss whether Solana-based Bonks can always reach their highest in August 2025.
Will Bonk reach a new peak in August 2025?
Memokine is affected by a large amount of volatility. Their prices fluctuate depending on the topic and popularity online. Given their instability, it is unclear whether Bonk’s gathering will remain in place for the next few days. MemeCoin is currently down 40.6% from its all-time high of 0.00005825. If Solana-based Bonk Coin can continue its upward momentum, it could reach a new peak in August 2025.
CONCODEX BONK analysts do not believe Solana-based Memecoin will be able to maintain the rally. The platform expects Bonk to face a massive fix early next month. Cincodex forecasts that Memecoin priced at $0.00002416 on August 7, 2025. A drop from the current price level to $0.00002416 requires a correction of about 31.32%.
To add to Coincodex’s bearish outlook, it is likely that investors are looking forward to the upcoming Federal Open Market Committee (FOMC) meeting. It is very unlikely that the Federal Reserve will cut interest rates this month. Rate cuts could have boosted investors’ confidence by putting money into risky assets. MemeCoins is one of the most dangerous assets on the market. If the Federal Reserve does not cut interest rates, Bonk and other Memecoins could face a big dip.
Meanwhile, the crypto market has remained stable for the past few months without interest rate cuts. If Bitcoin (BTC) continues its rise, other assets can follow their trajectory. Bonk can maintain the rally if Solana (Sol) follows the BTC’s pass. How the market will unfold over the next few days will determine Bonk’s future.
(TagStoTRASSLATE)BONK(T)SOLANA
