Solana-based memecoin, Bonk (BONK), has rallied by more than 160% over the last month. The memecoin has made significant gains over the last few weeks, outshining many top projects. According to CoinGecko’s BONK statistics, its price has rallied 0.6% in the daily charts, 3.2% in the weekly charts, 31.3% in the 14-day charts, and 25.8% since July 2024. Let’s discuss if Solana-based BONK can hit a new all-time high in August 2025.

Can BONK Hit A New Peak In August 2025?

Memecoins are subject to heavy volatility. Their prices fluctuate depending on online buzz and popularity. Given their volatile nature, it is unclear if BONK’s rally will sustain over the coming days. The memecoin is currently down by 40.6% from its all-time high of $0.00005825. If the Solana-based BONK coin can continue its upward momentum, there is a chance it could hit a new peak in August 2025.

CoinCodex BONK analysts do not think the Solana-based memecoin can sustain its rally. The platform anticipates BONK to face a massive correction early next month. CoinCodex projections put the memecoin’s price at $0.00002416 on Aug. 7, 2025. Falling to $0.00002416 from current price levels will entail a correction of about 31.32%.

Also Read: Binance Validates PEPE & BONK—What’s Next for Holders?

To add to CoinCodex’s bearish outlook, investors are most likely looking forward to the upcoming Federal Open Market Committee (FOMC) meeting. There is a very small chance that the Federal Reserve will cut interest rates this month. A rate cut may have given a confidence boost to investors to pour money into risky assets. Memecoins are among the riskiest assets in the market. If the Federal Reserve does not cut interest rates, BONK and other memecoins could face a big dip.

On the other hand, the crypto market has held steady over the last few months without an interest rate cut. If Bitcoin (BTC) maintains its upswing, other assets could follow its trajectory. BONK could maintain its rally if Solana (SOL) follows BTC’s path. How the market unfolds over the next few days will determine BONK’s future.