BONK Surges on Meme Coin Rally as Leveraged ETF Filing Triggers Trader Speculation

The Solana-based meme coin BONK has surged 22% in the past 24 hours, driven by renewed investor interest following a potential launch of a leveraged exchange-traded fund (ETF) tied to the digital asset.

Tuttle Capital filed a post-effective amendment with the SEC for its proposed 2x Long BONK ETF, which could go live as early as July 16. The filing has reignited enthusiasm around BONK among retail and institutional traders, who are piling into positions based on speculation that the ETF will attract additional capital inflows.

BONK's spot net inflow has surged over 100% to $1.68 million, indicating growing investor demand. The meme coin broke above its 20-day exponential moving average, signaling short-term bullish momentum.