Bonk (BONK/USD) surged 154% in July, significantly outperforming Dogecoin's 48% and Shiba Inu's 24% gains. The impressive rise is driven by aggressive token burns, strong community engagement, and consistent buybacks. Despite sell pressure from a fund's forced liquidation, Bonk maintained its value, reflecting robust demand. Crypto trader Pentoshi suggests Bonk may retest its all-time high, while analysts Zer0 and Altcoin Sherpa foresee a potential breakout. Coinglass data shows a 9.5% increase in open interest and a 33.7% rise in derivatives trading volume. On July 24, Bonk burned 500 billion tokens, valued at approximately $18.5 million, to boost long-term value. LetsBONK.fun plans to redirect 1% of its revenue into buybacks.