Why BONK is closer to its ATH than you might think

Why BONK is closer to its ATH than you might think!
With traction surging, is BONK primed for a breakout toward an ATH?

Key Takeaways
BONK owns 82% of all launchpad volume and is closing in on 1 million holders. Could that kind of traction be the spark it needs to bounce back from its 50% dip and take a real shot at a new ATH?

Bonk’s [BONK] July breakout had a familiar feel. Just like its post-election move, it popped over 100% and snapped out of a long consolidation, sliding right back into the spotlight.
That said, it still hasn’t tagged its Q4 high near $0.00006, so a chunk of holders are still sitting in the red.
On-chain, realized profits haven’t blown past the $100 million mark, which usually signals stronger hands are still holding and not taking profits just yet. That divergence points to strong holder conviction.