Top Analyst Declares BONK the Safest Meme Coin This Cycle: Here’s What He Sees

BONK, following its launch, quickly became one of the most talked-about tokens on the Solana blockchain. Over the past month, the BONK price has surged by 144%, and this has reignited investor interest across the board. But while many are watching the charts, crypto analyst Bags Only believes there’s more to BONK than just short-term hype.

In a video posted on his YouTube channel, which now has over 30,000 subscribers, Bags Only explained why he thinks BONK might be the “safest” meme coin to hold during this bull cycle. He made it clear that no cryptocurrency is truly safe because of the volatile nature of the market. However, compared to other meme tokens, BONK seems to have built a solid price floor and strong alignment with Solana’s momentum. That, he said, makes it stand out.

BONK Price Mirrors Solana’s Growth

According to Bags Only, BONK’s chart closely resembles the Solana chart, just like how Turbo mimics Ethereum. This similarity suggests that BONK’s growth could track Solana’s rise if the broader altcoin season gains steam. While Solana has risen 29% in recent weeks, BONK’s 144% move is proof of how meme coins often react more aggressively once momentum builds.

The analyst emphasized that BONK didn’t exist during Solana’s last explosive rally in 2021. Back then, Solana’s market cap went from $3.2 billion to $69 billion in just seven months. If something similar happens this time, he believes BONK could benefit from the trickle-down effect, as meme coins typically follow their native chains during bull runs.

He also pointed out that BONK reached a $3.72 billion market cap during its all-time high in December last year, which lined up closely with Solana’s peak. If Solana once again surges past $200 billion in market cap, it’s not far-fetched to imagine BONK following with its own major move.

Why Bags Only Sees BONK as a Safer Bet in the Meme Coin World

Bags Only said BONK’s current floor gives it a much stronger base than most other meme tokens. He acknowledged that while 10X or 15X predictions might sound ambitious, the token’s prior run and current momentum make such gains possible in a strong bull market.

He also shared that BONK is getting positive attention on platforms like Nasdaq, where meme-related news and strategic narratives are starting to emerge. A recent update mentioned that BONK, along with other meme tokens, could play a role in EBZT’s public listing strategy. While not official partnerships, these kinds of developments add legitimacy to BONK’s presence in the market.

Bags Only also mentioned that BONK was recently highlighted by Webtrend.co as the strongest market mover. This kind of recognition, he said, helps solidify the token’s reputation during a time when the market is filled with hype-driven launches and pump-and-dump cycles.

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Even though BONK is already significantly up from its recent lows, he believes it still has a lot of room to grow. He compared it to PEPE, noting that if BONK were to match PEPE’s all-time high market cap of around $11 billion, it would represent a 4X from its current level. And if the bull market plays out the way many expect, he thinks a 10X or even 15X is not out of reach.

Bags Only finished the video by reminding his viewers that BONK is still part of a highly speculative niche. Still, he believes its current performance, strong link to Solana, and growing market confidence give it a unique edge among meme coins.

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