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BONK Price Surges as Solana Memecoins Rally After Upbit Exit

BONK rallied with WIF as Solana memecoin trading accelerated on September 22. Strong volume supported both moves. However, BONK still faces MA-200 resistance and continued liquidity pressure after Upbit ended KRW and USDT trading markets.

Written By : Yusuf Islam
Reviewed By : Manisha Sharma

BONK rose on September 22 as Solana memecoins strengthened across the market, while heavy trading volume supported the move. One market snapshot placed BONK at USD 0.0000036 after a 17.92% daily gain. WIF also climbed 21.7% to USD 0.2483, extending a broader rise across dog-themed tokens.

The rally came despite continued pressure from BONK’s removal from Upbit’s KRW and USDT markets on September 7. Upbit kept withdrawals open until October 7, giving holders time to transfer assets. At the same time, BONK moved above key short- and medium-term averages but remained below its long-term trend level.

The session also featured gains beyond Solana. DOGE, PEPE, and SHIB traded higher in the BSCNews update, while BONK and WIF outpaced broader market averages. This wider move placed Solana memecoins inside a broader day of strength across several major meme tokens.

BONK Breaks Above Key Short-Term Technical Levels

BONK moved above its 20-day moving average at USD 0.00000337 and its 50-day average at USD 0.00000316. The token also traded above the Ichimoku Kijun level at USD 0.00000331, which now marks nearby support.

Momentum indicators also strengthened during the move. Both MACD and ADX showed Buy signals, while RSI reached 66.6. Bull/Bear Power pointed to stronger buying pressure, and the Awesome Oscillator confirmed positive momentum.

Still, several indicators moved into stretched territory. Stoch RSI and CCI entered overbought zones, which raises the risk of a short-term pullback. BONK also remained below its 200-day moving average at USD 0.00000462, leaving this level as major resistance.

Solana Memecoins Gain as Trading Volume Expands

The move extended beyond BONK. WIF traded at USD 0.2483 after gaining 21.7% over 24 hours, while its intraday range stretched from USD 0.2009 to USD 0.2512. This performance placed WIF among the stronger Solana memecoin movers during the session.

CoinGecko data in the supplied market snapshot showed BONK volume at USD 106.733 million. WIF volume reached USD 152.799 million, equal to nearly 61% of its market capitalization. This turnover showed a sharp increase in trading activity around both tokens.

Another intraday update from BSCNews showed slightly different readings. It reported WIF up 17.5% at USD 0.2383 and 23% higher over the week. The same post showed BONK gaining 12.7% on the day and 21% for the week, with volume above USD 116.9 million.

The broader memecoin market also moved higher. DOGE, PEPE, and SHIB traded in positive territory in the same update. Their gains showed that the day’s strength extended beyond Solana-based assets.

Also Read: Bitcoin Inflows, Bonk Declines 8%, and Strategy BTC Sale

Upbit Delisting Keeps Liquidity Risk in Focus

BONK’s rally followed its removal from Upbit’s KRW and USDT markets on September 7 after an unresolved review process. The decision cut BONK’s direct trading access on one of South Korea’s largest exchanges.

However, Upbit continued to support withdrawals until October 7. This window allows holders to move tokens elsewhere rather than facing an immediate transfer deadline. Even so, the delisting continues to affect where BONK liquidity can concentrate.

The different intraday snapshots also show how quickly memecoin pricing can shift during high-volume sessions. BONK readings ranged from an 11.8% gain in one CoinGecko snapshot to a 17.92% rise in another market reading.

Indian crypto traders can continue tracking BONK and WIF through major global exchanges. The latest data shows both tokens outperforming broader market averages during the session, while volume and technical levels remain central to the next price moves.

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