BONK increased nearly 10% as the 2x leveraged ETF may launch on July 16.

The meme coin BONK on the Solana network has risen to the sky nearly 10%, reaching $0.00001494 on July 2nd, after Tuttle Capital filed an amendment, stating that their 2x leveraged ETF fund could be activated as early as July 16th if approved by the SEC.

This move has attracted significant attention from investors, although the ETF has not yet been officially approved. On the technical chart, BONK has formed a head-and-shoulders reversal pattern near the peak of $0.00001524, indicating the potential for a short-term correction.

In addition, the BONK development team announced that the Saga token exchange program will end on July 31, with 17,599 out of a total of 20,000 slots already received. Unexchanged tokens will be returned to the DAO for ecosystem development.

The Solana ecosystem is also experiencing significant growth as DeFi Development Corp joins as a validator, bringing the total number of on-chain integrations to over 350, supporting the expansion of BONK's application in DeFi and Web3.

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