BONK, the Solana-based meme token, endured sharp price swings during the last 24 hours, reflecting both selling pressure and large accumulation. The token moved within an 8% range between $0.0000197 and $0.0000212, ultimately consolidating near $0.0000205.
The heaviest selling occurred during the Aug. 25 evening, when BONK fell about 5% from $0.0000208 to $0.0000197 on trading volume exceeding 1.8 trillion tokens, substantially above daily averages, according to CoinDesk Research’s technical analysis data model.
Buyers reentered at these levels, building technical support around $0.0000197 and driving prices back into a narrow consolidation band between $0.0000203 and $0.0000205.
Corporate participation helped reinforce market confidence. Safety Shot Inc., a Nasdaq-listed company, confirmed a $30 million financing arrangement on Aug. 25, with $25 million denominated in BONK tokens. The deal reflects rising interest in meme coins as part of broader corporate finance strategies, underscoring BONK’s role as a key Solana-based alternative to established meme assets.
BONK showed signs of resilience on Tuesday, edging from $0.0000203 to $0.0000204 (a modest 0.3% gain). Notably, between 11:49 and 11:56 UTC, trading activity accelerated, with more than 17.5 billion tokens exchanged, suggesting liquidity remains robust even during periods of consolidation.
This balance between institutional adoption and heightened volatility positions BONK as a closely watched meme token within the Solana ecosystem.
Technical Analysis
- Range: $0.0000197–$0.0000212 (8% volatility).
- Correction: 5% decline during the evening of Aug. 25.
- Volume Spike: 1.81 trillion tokens exchanged during selloff.
- Support Zone: Established near $0.0000197.
- Consolidation: Prices held between $0.0000203–$0.0000205.
- Momentum: 1% gain during rally supported by 17.5B tokens.
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