Bonk Inc., a blockchain-focused company listed on the NASDAQ as BNKK, witnessed a significant increase in its stock price on Thursday following news of a strategic collaboration with TenX Protocols, a company specializing in blockchain infrastructure solutions.
TenX Protocols has secured approximately 219.7 billion BNKK digital tokens through this agreement, acquiring them at an average per-unit price close to $0.00001138. This large-scale purchase represents a strong institutional endorsement of the Bonk ecosystem. The company positioned this move as evidence of growing acceptance of BONK assets within regulated financial entities.
The partnership aims to amplify educational efforts and expand TenX’s staking services within evolving blockchain environments. According to Jarrett Boon, CEO of Bonk, TenX's substantial capital commitment underscores increasing institutional interest and validates the ecosystem's relevance in the blockchain space.
Alongside the strategic partnership, Bonk Inc. has reported a marked acceleration in financial fundamentals at the start of 2026. A corporate update issued on Wednesday revealed that the BONK.fun platform generated revenue exceeding $1.5 million within the initial eleven days of the year. This corresponds to an average daily revenue of roughly $136,000, surpassing internal forecasts by 36 percent and setting a new higher base for ongoing revenue expectations.
The management team attributed this surge to a broader "flight to quality," suggesting that content creators and traders are increasingly aligning with Bonk's community-focused business model. Financially, Bonk holds near $29 million in liquid assets, which includes an estimated $25 million in BONK tokens. Forecasts indicate that the BONK.fun platform alone could produce more than $18 million in annualized cash flow.
Despite these positive developments, market valuation metrics suggest the shares remain undervalued compared to Bonk's expanding asset base and its ability to generate cash. Bonk's executives maintain that if the company continues its current execution trajectory, the stock could experience multiple expansions.
Examining the stock’s technical indicators provides a nuanced view. BNKK is trading roughly 44.2% above its 20-day simple moving average (SMA), reflecting short-term momentum. However, its price remains about 6.4% below the 50-day SMA, indicating some resistance in the medium term. Year-over-year performance shows a decline of 63.7%, as the price sits nearer to its 52-week lows than highs, highlighting more persistent challenges.
The Relative Strength Index (RSI) currently stands at 37.17, which is commonly interpreted as neutral, while the Moving Average Convergence Divergence (MACD) remains above its signal line, signaling bullish momentum. This combination reflects a mixed momentum landscape for BNKK shares.
Key technical levels investors are monitoring include a resistance mark at approximately $4.50 and a support threshold near $3.00.
At the time of reporting on Thursday, BNKK shares had surged by 49.28%, reaching a price near $4.16 according to real-time trading data. This upward movement appears to be driven by the recent partnership announcement and encouraging revenue results from BONK.fun.
While these developments signify a notable inflection point for the company, stakeholders should remain mindful of the mixed technical signals and the stock’s historical volatility as Bonk continues to navigate its growth trajectory within the competitive blockchain sector.