Solana Holdings giant Sharps Technology partners with Bonk: Will the BONK price experience a rise of 400%+?

As the fourth largest SOL holder in the Solana ecosystem, Sharps Technology announced plans to stake part of its assets through Bonk's liquid staking solution bonkSOL. This move not only brings strong institutional support to the BONK ecosystem but also triggers bullish expectations in the market regarding its price. Driven by multiple favourable information such as institutional adoption, a surge in trading volume, and technical breakout, BONK is gaining momentum and is expected to experience significant rise.

Strategic Layout of Sharps Technology

Sharps Technology currently holds over $400 million worth of 2 million SOL tokens. By converting part of its assets into bonkSOL, the company will earn passive staking income from its massive asset pool. The company’s strategic advisor, James Zhang, stated that Sharps Technology is proud to continue supporting the most vibrant and productive teams and communities within the Solana ecosystem.

bonkSOL is a liquid staking solution that allows token holders to earn rewards while retaining full control over their staked assets. This means they can use their tokens for trading or deploying to other Solana-based dApps without missing out on staking rewards. According to Solana Compass, over 218,472 SOL are currently staked through bonkSOL, providing an attractive annual percentage yield (APY) of 6.93%.

BONK Price Prediction: Institutions Ignite the Rise Momentum

Although BONK has only risen by 1% in the past 24 hours, its volume has surged by 12%, currently accounting for nearly 20% of its circulating supply, indicating that market activity is significantly heating up.

The partnership decision of Sharps Technology is a key signal adopted by institutions in the Bonk ecosystem, which not only enhances the credibility of Bonk but may also trigger a new wave of institutional asset inflow, thus increasing the demand for BONK. As market interest in Solana continues to rise, Bonk is fully prepared for the next major pump.

Technical Analysis: Breakthrough of Downward Triangle, Aiming for 421% Rise

From a technical chart perspective, BONK has cleanly and decisively broken through the descending triangle consolidation pattern. If this momentum is maintained, BONK may first retest its recent high of $0.000040. Once it successfully breaks through this resistance level, its next target will be $0.00012, representing a potential rise of up to 421% from the current level. Although the current price of BONK is still far from the $1 target, these recent upward targets make it one of the most promising Solana-related investments this year.

Conclusion

The collaboration between Sharps Technology and BONK is another important example of the fusion of institutional capital and Web3 culture in the cryptocurrency market. This initiative not only brings substantial liquidity support to BONK but also sends a strong bullish signal to the market. For crypto investors, the future direction of BONK is worth close attention; whether it can truly achieve a breakthrough in price with this institutional enthusiasm will be key to validating its value and potential.