Bonk (BONK), a Solana-based memecoin, surged 7.8% in the last 24 hours, driven by a broader crypto market rally led by Bitcoin reclaiming $69,000. Despite the recent upswing, BONK has suffered significant losses over the past month and since February 2025, with analysts forecasting a potential 28.75% price correction soon. The memecoin's recovery is heavily dependent on the overall crypto market's stability and macroeconomic conditions, which remain uncertain.

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