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Why did the price of BONK fall?

Bonk (BONK) dropped 3.57% in the last 24 hours to $0.000023, underperforming the overall crypto market, which rose 0.53%. Here’s why:

  1. Institutional profit-taking – $18.75 million worth of BONK was moved to exchanges, increasing selling pressure.
  2. Technical breakdown – The price fell below an important support level at $0.000024.
  3. Meme coin rotation – Investors shifted funds to newer Solana-based tokens like Fartcoin.

Deep Dive

1. Institutional Selling (Bearish Impact)

Overview:
On September 19, a wallet connected to Galaxy Digital transferred 510 billion BONK tokens (valued at $18.75 million) to major exchanges Binance and Coinbase. This came after Safety Shot’s $25 million treasury purchase in August, which had initially boosted confidence but now seems to signal profit-taking.

What this means:
Large holders are cashing in on BONK’s impressive 92% gain over the past 90 days, creating immediate selling pressure. The inflow of BONK tokens to exchanges (+2.3 trillion in 24 hours) suggests more tokens are being sold. Historically, such moves often lead to 5-10% price corrections in meme coins.

What to watch:
Bonk.fun has a revenue-sharing system where 35% of platform fees are used to buy back BONK tokens. If daily revenue stays above $34 million (currently $28 million), these buybacks could help balance out selling pressure.

2. Technical Weakness (Mixed Impact)

Overview:
BONK’s price fell below the key 61.8% Fibonacci retracement level at $0.000024, a support level that held steady through August. The Relative Strength Index (RSI) is neutral at 51, but the MACD indicator shows a negative trend.

What this means:
Traders sold after the price broke this support, aiming for the next support level at $0.000022, which aligns with the 200-day exponential moving average (EMA). However, the 30-day simple moving average (SMA) at $0.00002248 suggests the mid-term outlook remains positive if this level holds.

Key level:
A close above $0.000025 (the 23.6% Fibonacci level) could indicate a recovery.

3. Solana Meme Coin Competition (Bearish Impact)

Overview:
Newer Solana-based meme coins like Fartcoin (down 10%) and Dogwifhat (down 8%) attracted investment despite overall sector declines. Bonk.fun’s share of new Solana token launches dropped from 64% in July to 55%.

What this means:
BONK is facing increased competition in its niche. While it remains a leader, its early advantage is fading as traders look for fresh opportunities. The total market value of Solana meme coins fell 7.2% amid a broader pullback in alternative cryptocurrencies.

Conclusion

BONK’s recent price drop reflects profit-taking by early investors and a shift toward other tokens, combined with technical weaknesses. Its strong ties to the Solana ecosystem and buyback program offer some support, but short-term momentum favors sellers.

Key watch: Will Bonk.fun’s daily revenue bounce back above $30 million to support buybacks? Keep an eye on the $0.000022 support level—if it breaks, losses could accelerate toward $0.000019.


What could affect the price of BONK?

BONK’s price swings between hype from meme culture and real use within its ecosystem.

  1. Ecosystem Growth – BonkFun leads Solana memecoin launches, driving buybacks.
  2. Token Burns – Burning 1 trillion BONK tokens at 1 million holders could reduce supply by about 1.2%.
  3. ETF Speculation – Tuttle Capital’s proposed 2x leveraged BONK ETF adds interest from institutional investors.

Deep Dive

1. Ecosystem Utility & Burn Mechanics (Positive Outlook)

Overview: BonkFun, the launchpad for BONK memecoins, is responsible for 55% of all token launches on the Solana blockchain, generating roughly $17 million in fees every month. Half of these fees are used to buy back and burn BONK tokens, which helps reduce the total supply. When BONK reaches 1 million holders (currently at 950,000 as of July 2025), a burn of 1 trillion tokens—about 1.2% of the total supply—will be triggered.
What this means: Because BonkFun dominates Solana’s memecoin launches, BONK’s demand is closely tied to activity on the platform. The token burns help reduce selling pressure by lowering supply. However, the growth in new holders has slowed recently (2.1% weekly in August compared to 5.4% in July), which could delay the burn event (CoinMarketCap).

2. Institutional Moves & ETF Hype (Mixed Impact)

Overview: Safety Shot, a company listed on Nasdaq, invested $25 million in BONK and bought a 10% stake in BonkFun, linking its business success to BONK’s ecosystem. At the same time, Tuttle Capital has filed to launch a 2x leveraged BONK ETF, potentially starting as early as July 16, 2025. This could attract traders looking for leveraged exposure.
What this means: Institutional involvement adds credibility but also brings volatility. For example, Safety Shot’s stock price dropped 50% after the announcement. Plus, the ETF is not guaranteed to be approved. Recent trading data shows $859,000 in liquidations within 24 hours, highlighting the risks of speculative trading (OKX).

3. Solana’s Fragility & Memecoin Rotations (Downside Risks)

Overview: BONK’s price fell 7% on August 2 during a broader selloff in meme coins (DOGE down 8%, SHIB down 6%). New Solana-based tokens like Fartcoin and PENGU are drawing attention away from BONK. Additionally, Solana faces legal challenges, including a $1.5 billion lawsuit involving Pump.fun, which could negatively affect the network.
What this means: BONK’s price is sensitive to the overall mood around Solana and the fast-changing popularity of meme coins. BONK’s price moves closely with Solana’s native token (correlation of 0.87 over 30 days), so any drop in Solana’s price could lead to bigger losses for BONK (Cointelegraph).

Conclusion

BONK’s future depends on balancing its real-world use within the ecosystem against the unpredictable swings of meme coin hype. The upcoming 1 million holder token burn and BonkFun’s revenue-sharing model provide positive momentum. However, delays in ETF approval or challenges facing Solana could cause setbacks. Keep an eye on the $0.000025 support level—if BONK falls below this, it could signal a deeper price correction. The key question remains: will BONK’s deflationary features outlast the typical hype cycles of meme coins?


What are people saying about BONK?

The BONK community is divided between excitement and caution as token burns approach while large holders sell off. Here’s what’s happening:

  1. Ecosystem grants and a new Huobi exchange listing sparked a 25% price increase
  2. A major token burn of 1 trillion BONK is close, triggered when the holder count hits 1 million (currently at 950,000)
  3. Short sellers are aiming for a price drop to $0.000025 amid weakening market signals

In-Depth Look

1. @genius_sirenBSC: Grants program boosts BONK’s use and value 🚀 positive outlook

"Bonk’s $50 million Community Grants 2.0 led to a 60% jump in project proposals and a 137% increase in trading volume after the Huobi listing. 200,000 NFTs were staked within hours."
– @genius_sirenBSC (16.2K followers · 284K impressions · 2025-07-06 14:41 UTC)
View original post
What this means: This is a positive sign for BONK. The growing ecosystem attracts developers and reduces token supply through NFT staking, but there are still risks in how well these plans will be executed.

2. @johnmorganFL: 1 trillion token burn coming soon – supply could tighten 🔥 mixed feelings

"BONK plans to burn 1.2% of its total supply once it reaches 1 million holders (currently at 950,000). Combined with buybacks funded by BonkFun’s 50% fee share, this could help stabilize the often volatile memecoin market."
– @johnmorganFL (89K followers · 1.1M impressions · 2025-07-08 16:41 UTC)
View original post
What this means: The token burn is generally good for reducing supply, but since the number of holders is growing slowly (about 7,000 per week), the timing of this event is uncertain.

3. CoinMarketCap Post: Bears target $0.000025 price level 🐻 cautious outlook

"BONK’s price fell 5% after a large sale of 59.77 billion tokens. The Relative Strength Index (RSI) is at 42, and the MACD indicator has been negative since July 30. The next support level is $0.000025, with resistance at $0.0000285."
– @DerivativesKing (42K followers · 678K impressions · 2025-08-01 16:17 UTC)
View original post
What this means: Short-term outlook is bearish. Data shows an increase in short positions and trading volumes are down 38% compared to July highs, signaling weakening momentum.

Conclusion

The outlook for BONK is mixed. On one hand, ecosystem growth through grants and upcoming token burns offer positive support. On the other, technical signals and large holder sell-offs create risks. Keep an eye on the holder count moving from 950,000 to 1 million—reaching this milestone could trigger the burn and boost the price, while missing it might lead to further declines. Also, watch if BONK’s expanding validator network can balance out the fading competition with Pump.fun.


What is the latest news about BONK?

BONK is experiencing a mix of big investor interest and meme-driven price swings. Here are the key updates:

  1. Safety Shot Partnership (September 1, 2025) – A Nasdaq-listed company invested $25 million in BONK and linked its revenue to BONK’s ecosystem growth.
  2. Coinbase Adds BONK as Collateral (September 5, 2025) – BONK can now be used as collateral for perpetual futures trading on Coinbase, increasing its market liquidity.
  3. Price Jump & Increased Trading (September 9, 2025) – BONK’s price rose nearly 8% alongside a surge in trading volume, fueled by interest in Solana-based meme coins.

In-Depth Look

1. Safety Shot Partnership (September 1, 2025)

What happened:
Safety Shot, a beverage company listed on Nasdaq, invested $25 million in BONK tokens and took a 10% share of revenue from Bonk.fun, a platform that helps launch memecoins on the Solana blockchain. In July 2025, Bonk.fun earned $35 million in fees, with most of that money used to buy back BONK tokens, supporting the token’s value.

Why it matters:
This partnership is a positive sign because it shows institutional investors are taking BONK seriously and creates ongoing demand for the token. However, Safety Shot’s stock price dropped by half after the announcement, indicating some investors are cautious about companies moving into crypto.
(OKX)

2. Coinbase Adds BONK as Collateral (September 5, 2025)

What happened:
Coinbase International now accepts BONK as collateral for perpetual futures trading, joining other meme coins like PEPE. This allows traders to use BONK to leverage their positions without converting it to stablecoins first.

Why it matters:
This move is generally positive because it improves BONK’s liquidity and makes it easier for institutional traders to get involved. On the flip side, trading derivatives can increase price swings, especially if the market turns down.
(BTCC)

3. Price Jump & Increased Trading (September 9, 2025)

What happened:
BONK’s price jumped 7.9% in one day to $0.00002326, with trading volume rising 86% to $230 million. This rally happened alongside gains in other Solana meme coins like WIF and RTX.

Why it matters:
This shows growing speculative interest in smaller Solana tokens. However, BONK’s price is still 60% below its all-time high from 2024 ($0.00005916), and it faces resistance around $0.000028, where some investors might take profits.
(XT Blog)

Conclusion

BONK’s future depends on a balance between strong institutional partnerships, wider exchange support, and the unpredictable nature of meme coin trading. While platforms like Bonk.fun and Coinbase’s backing provide solid support, the token’s heavy reliance on speculative trading and large holders (whales) adds risk. The big question is: Can BONK’s built-in token scarcity outpace the fast-changing trends in the meme coin market?


What is expected in the development of BONK?

Bonk’s roadmap is centered on reducing token supply, growing its ecosystem, and adding gaming features.

  1. 1 Trillion Token Burn (Q3 2025) – An automatic burn will happen once Bonk reaches 1 million holders (currently 950,300 as of July 2025).
  2. BonkFun DeFi Integrations (Q4 2025) – Plans to connect more deeply with Solana-based decentralized finance (DeFi) platforms like Jupiter and Raydium.
  3. Bonk Arena Updates (September 2025) – New team battles, NFT weapons, and a system where part of the game’s revenue helps burn more BONK tokens.

Deep Dive

1. 1 Trillion Token Burn (Q3 2025)

Overview: BONK will burn 1 trillion tokens, which is about 1.2% of the total supply, once it reaches 1 million holders, according to CoinMarketCap. Growth in holders slowed to 2.1% per week in August 2025, so the burn might happen a bit later than expected.
What this means: Burning tokens reduces the total supply, which can increase the value of remaining tokens if demand stays strong. BONK’s daily active users are up 37% year-over-year, which is a positive sign. However, slower growth in holders could delay these benefits.

2. BonkFun DeFi Integrations (Q4 2025)

Overview: BonkFun controls 55% of new Solana memecoin launches and plans to integrate more with Solana DeFi platforms like Jupiter and Raydium. Currently, it uses half of its fees (about $17 million per month) to buy back BONK tokens.
What this means: This is generally positive because stronger connections with popular DeFi platforms can increase BONK’s use and demand. However, some users have switched platforms recently (23% left Pump.fun in July, according to Dune Analytics), which could be a challenge.

3. Bonk Arena Updates (September 2025)

Overview: The “kill-to-earn” game Bonk Arena will add new features like team battles and NFT weapons, as reported by Bravo Ready. Half of the game’s revenue will continue to be used to burn BONK tokens.
What this means: Adding gaming features can increase demand for BONK by giving it real-world use. However, memecoins like BONK can be very volatile, which might limit the impact of these gaming updates.

Conclusion

BONK’s roadmap aims to reduce supply through token burns while expanding its ecosystem with DeFi and gaming. These deflationary steps could help balance out the usual ups and downs of the memecoin market. Success will depend on reaching holder milestones and keeping users engaged in DeFi and gaming. The question remains: will Solana’s momentum in late 2025 boost BONK’s usefulness, or will the typical volatility of memecoins take over?


What updates are there in the BONK code base?

The BONK ecosystem is growing with new validator partnerships, token burns, and gaming features.

  1. Validator Partnership (May 2025) – BONK teamed up with DeFi Development Corp to help make the Solana network more decentralized.
  2. Bonk Arena Launch (June 2025) – Introduced a “kill-to-earn” game where part of the revenue is used to burn tokens.
  3. 1 Trillion Token Burn (Q3 2025) – A big token burn will happen once BONK reaches 1 million holders.

Deep Dive

1. Validator Partnership (May 2025)

Overview: BONK joined forces with DeFi Development Corp, a company listed on Nasdaq, to run a validator node on the Solana blockchain. This helps improve the network’s security and decentralization.

BONK holders can earn rewards by staking their tokens, while also supporting Solana’s validator network. This partnership aims to attract more serious investors by combining BONK’s fun, community-driven vibe with a regulated infrastructure.

What this means: This is positive news for BONK because it makes the Solana network stronger and could increase demand for BONK as a useful token. (Source)

2. Bonk Arena Launch (June 2025)

Overview: BONK launched a new game called Bonk Arena, where players earn rewards by “killing” opponents. Half of the game’s revenue goes toward burning BONK tokens and supporting charity.

The game, developed by Bravo Ready, requires players to stake BONK tokens to join, creating a real use for the token. After launch, BONK’s price rose by 5%, and daily trading volume increased by 40%.

What this means: This is somewhat positive for BONK because gaming adds value to the token, but the success depends on players staying active. (Source)

3. 1 Trillion Token Burn (Q3 2025)

Overview: BONK has a plan to automatically burn 1.2% of its circulating tokens once it reaches 1 million holders (currently about 950,300 as of July 2025).

This burn is controlled by smart contracts and helps reduce the number of tokens available, which can lower selling pressure. Along with monthly buybacks of $17 million through LetsBonk.fun, this creates scarcity for BONK.

What this means: This is good news for BONK because reducing supply while demand grows could push the price higher, assuming more people keep joining. (Source)

Conclusion

BONK is evolving from just a meme token into a broader ecosystem with validator partnerships, gaming revenue, and token burns. While these improvements come from outside partners rather than changes to BONK’s core technology, they add real value. The big question is whether LetsBonk.fun’s influence and upcoming token burns will help stabilize BONK’s price amid the usual meme coin ups and downs in the last quarter of the year.