BONK Meme Coin Lands on Swiss TradFi Markets: Will ETP Boost BONK Price Prediction?

[Ben Graham]

Solana-based memecoin Bonk is now trading on Switzerland’s SIX Swiss Exchange after Bitcoin Capital AG launched a regulated exchange-traded product tied to the token.

The listing puts the memecoin on one of Europe’s main stock markets. Investors can buy exposure to Bonk through standard brokerage accounts. There is no need to set up a wallet or hold the token directly.

Bonk is a dog-themed token built on Solana. It launched on Christmas Day in 2022 through a community distribution. The project often calls itself  “the first Solana dog coin for the people, by the people.”

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How Big Is BONK’s Move From Crypto Markets to Wall Street-Style Trading?

By Thursday morning, the token had risen about +2.8%. Even with that move, it is still roughly -83% below its all-time high from November 2024.

Market Cap

24h 7d 30d 1y All Time

The ETP structure means Bonk can now sit alongside stocks and traditional funds on a regulated venue. For many investors, that changes how they access a memecoin. 

It moves the trade from crypto platforms into the same place where they buy shares and bonds.

For Bonk, the listing is another step into the mainstream. For the exchange, it adds a high-risk digital asset to a market better known for blue-chip stocks and structured products.

Bitcoin Capital AG is based in Switzerland and issues exchange-traded products backed by cryptocurrencies. 

The firm focuses on giving investors access to digital assets through regulated market products.

BONK’s entry into European markets follows Grayscale’s launch of a Dogecoin exchange-traded fund in the United States earlier this week. 

That fund recorded about $1.4M in trading on its first day. 

The figure was well below the $12M some had expected, according to Bloomberg ETF analyst Eric Balchunas.

$GDOG (first Doge ETF) saw $1.4m volume on Day One.. solid for an avg launch but low for a 'first-ever spot' product. Not too surprising tho, we actually made a rhyme a while ago predicting this: 'The further away you get from BTC, the less asset there will be.' pic.twitter.com/ermlOcID1J

— Eric Balchunas (@EricBalchunas) November 25, 2025

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BONK Price Prediction: Can BONK Clear Wedge Resistance After Months of Losses?

On the chart, Bonk is moving inside a multi-month falling wedge. Traders often see this pattern near the later stages of a decline. It can point to a possible shift if the price breaks above the upper trend line. Price action this year has stayed under pressure. Since its earlier peak, BONK has made lower highs and lower lows. 

At the same time, the gap between those trend lines has continued to shrink. That narrowing range shows selling may be losing strength as price swings grow smaller.

At the time the chart was shared, BONK was trading close to the top edge of a multi-month falling wedge. 

(Source: X)

That puts the token in a clear test zone, where traders usually look for signs of either a breakout or another rejection after weeks of weak and sideways price action.

Both the 50-day and 200-day moving averages were still sitting above the price, which means the wider trend had not yet turned positive. 

The structure remained bearish on paper. Still, the distance between price and the longer-term average was shrinking, a sign that selling pressure was easing and downside momentum was losing strength.

Trading volume stayed light during the consolidation. That is typical for this type of pattern, but it also means any upside move would need a sharp rise in activity to carry weight. Without that, a breakout would likely struggle to hold.

Momentum indicators showed a mixed picture. The relative strength index hovered near the midpoint, pointing to a market with no clear bias in either direction. 

Buyers were not in control, but sellers were no longer pressing hard either.

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