According to @AltcoinGordon, the Solana-based memecoin BONK (BONK) is leading the altcoin rally, buoyed by Bitcoin's (BTC) strength and several bullish catalysts. Key drivers for BONK include its launchpad, LetsBONK.fun, surpassing a competitor in daily volume, with 50% of its revenue used to buy and burn BONK tokens, creating positive price pressure. Further optimism is fueled by an upcoming 1 trillion token burn when the project reaches 1 million holders and the potential launch of a 2x leveraged BONK ETF by Tuttle Capital Management as early as July 16. Technical analysis identified a surge from $0.0000147 to $0.0000175, with strong support established at $0.0000157 and a more recent key support level at $0.00001619. Concurrently, the market is observing the largest-ever transfer of "Satoshi era" Bitcoin, with over $8.6 billion in BTC moved from wallets that were dormant for over 14 years. The on-chain analysis firm Arkham suggests a single entity may own these wallets. Traders are monitoring these movements closely, as any large sale could signal a shift in market sentiment from early crypto believers, though the owner's identity and intentions remain unknown.