BONK Surges 17.83% Amid $7.42 Million Liquidations, Second Only to ETH in 24-Hour Market Activity

On July 6, Coinglass reported that BONK’s total network liquidations surpassed $7.42 million within 24 hours, highlighting significant market volatility. Long positions accounted for approximately $1.82 million in liquidations, while short positions faced a more substantial impact with $5.6 million liquidated. This liquidation volume ranks BONK just behind Ethereum (ETH), underscoring its growing influence in the crypto derivatives space. Market data from HT indicates BONK is currently trading at $0.00002135, reflecting a notable 24-hour price increase of 17.83%. These figures emphasize the heightened trading activity and risk exposure associated with BONK, making it a key asset to monitor for investors and traders focused on altcoin market dynamics.