Bonk Leads Altcoin, Soaring 19% as ETF Proposal Will Take Effect

Coingecko data records the daily performance of the digital crypto asset Bonk (BONK) leading the altcoin market with a surge of up to 19.6%, making it now worth US$0.00001653 in the last 24 hours. This comes after Tuttle Capital has submitted a proposal for the Exchange Traded Fund (ETF) for Bonk that will be effective this month.
In detail, this event brought its market capitalization to $1.2 billion with a transaction volume of $396,000. The crypto asset briefly reached $0.00001371 during the same period.
It is known that the memecoin has a total supply of 88 trillion BONK, with a circulating supply of around 77 trillion BONK. The all-time highest price reached was US$0.00005825, achieved in 2024.
As information, Tuttle Capital's investment service has submitted a proposal for the Exchange Traded Fund (ETF) that involves leverage. It includes the memecoin BONK with 2x leverage on the Long position and it is rumored that this ETF will take effect on July 16.