Solana-based memecoin BONK ($BONK) is drawing intense attention after rising over 4% on May 26, with traders targeting a breakout above the $0.000021 level. With a 15% monthly gain and whales continuing to accumulate, BONK appears poised to extend its rally and challenge sector leader Dogwifhat ($WIF).

Whales Fuel $BONK Momentum as Smart Money Accumulates

Blockchain analytics from Stalkchain reveals that BONK was the top purchase among smart money addresses last week. A wallet associated with Squads Protocol notably spent $936,000 DCA’ing into BONK, now holding nearly 86 billion tokens valued at $1.81 million.

While broader Solana memecoins saw net outflows exceeding $3 million between May 19–25, BONK stood out with a net inflow of $281,000 on May 25. In contrast, $WIF was the most sold token by whales in the last 24 hours.

Profitable Swings and Price Action Signal Confidence

Traders have capitalized on BONK’s volatility. One whale flipped 20.4 million BONK for a $34,760 profit within just three days. The growing interest has spilled onto Crypto Twitter, where analysts speculate that BONK’s market cap could rise from $2 billion to $15 billion—a projected upside of over 800%.

Chart Analysis: Double Bottom Targets 172% Breakout

Technically, BONK’s daily chart shows a double bottom pattern with neckline resistance near $0.00003272. A breakout above this level could trigger a rally toward $0.00005500, based on historical patterns and Fibonacci extension targets.

Currently trading near $0.00002051, BONK has rebounded from its April lows and is testing key resistance. The RSI at 51.49 signals neutral momentum, suggesting potential room for upward continuation.

BONK vs. WIF: A Shift in Solana Memecoin Leadership?

While $WIF continues to dominate headlines, smart money is shifting toward BONK. With rising demand, on-chain strength, and bullish technicals, BONK could soon overtake its rival—especially if the broader memecoin market regains steam.