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Why did the price of BONK fall?

Bonk (BONK) dropped 8.68% in the last 24 hours, underperforming the overall crypto market, which fell by 2.62%. Here’s why:

  1. Technical Setback – BONK couldn’t hold an important support level, showing signs of a downtrend
  2. Competition Among Solana Meme Coins – Big investors are moving their attention to newer tokens like TRUMP and TROLL
  3. Market Shift Toward Bitcoin – Altcoins lost ground as investors moved money into Bitcoin

In-Depth Analysis

1. Technical Breakdown (Negative Signals)

Summary: BONK tried but failed to rise above a key price point at $0.0000211 after reaching a lower peak of $0.0000209. The price is now below important moving averages (7-day average: $0.0000204; 30-day average: $0.000022), which suggests weakening buying strength.

What this means:

What to watch: If BONK closes below $0.0000199, automated sell orders might kick in, speeding up the price drop.

2. Solana Meme Coin Competition (Mixed Effects)

Summary: Large investors (whales) are shifting their focus to newer Solana-based meme coins like TRUMP (with $529 million in 30-day trading volume) and TROLL ($148 million), according to Cryptonews. BONK ranks fifth in whale inflows at $131 million, losing some market share.

What this means:

3. Broader Altcoin Weakness (Bearish Trend)

Summary: The Altcoin Season Index dropped 11% in 24 hours, while Bitcoin’s market dominance rose to 58.21%. Data from derivatives markets shows a cooling interest in altcoin futures, with funding rates averaging +0.0083%, signaling less speculative buying.

What this means:

Conclusion

BONK’s recent decline is due to technical weaknesses, increased competition within Solana meme coins, and a broader market shift favoring Bitcoin. While there is a potential double-bottom pattern that could signal a reversal, confirmation depends on BONK reclaiming the $0.0000211 level with strong trading volume.

Key point to watch: Can BONK maintain support at $0.000019 as Bitcoin dominance rises and Solana meme coin volatility continues?


What could affect the price of BONK?

Bonk’s price swings between meme-inspired hype and real use within its growing ecosystem.

  1. Token Burn Trigger – When Bonk reaches 1 million holders (currently over 950,000), 1 trillion BONK tokens will be burned, potentially reducing supply.
  2. BonkFun’s Role – BonkFun accounts for 55% of new Solana memecoin launches and drives buybacks and burns through its fee system.
  3. Solana ETF Influence – Institutional investments in Solana (SOL) could boost related tokens like BONK.

Deep Dive

1. Token Burn Mechanics (Positive for Price)

What’s happening: BONK plans to burn 1 trillion tokens (about 1.2% of its total supply) once it hits 1 million holders, which could happen soon. This adds to ongoing burns from LetsBonk.fun, which removed $34 million worth of BONK in July 2025 alone.

Why it matters: Burning tokens reduces supply, which can increase price if demand stays strong. Daily active users are up 37% year-over-year, showing growing interest. However, the growth in new holders slowed in August, which might delay the burn’s impact.

2. BonkFun Ecosystem Growth (Mixed Effects)

What’s happening: BonkFun is now responsible for 55% of new memecoin launches on the Solana blockchain. It generates about $17 million per month in BONK buybacks through a 50% fee on transactions. In July 2025, BonkFun’s daily revenue surpassed its competitor Pump.fun ($1 million vs. $533,000).

Why it matters: This dominance helps BONK by creating strong network effects but also means BONK’s success depends heavily on BonkFun’s platform. Recently, 23% of BonkFun users came from competitors (Dune Analytics). Continued growth depends on Solana’s decentralized finance (DeFi) health and how rivals respond.

3. Solana Market Trends (Both Upside and Risks)

What’s happening: BONK’s price closely follows Solana’s native token SOL, with a strong correlation (+0.89). The new Solana ETF (SSK) reached $382 million in assets under management in August 2025, and SOL’s price rose 40% in the third quarter. However, SOL’s price is very volatile, with a 68% volatility over 200 days, meaning BONK can experience big price swings.

Why it matters: Institutional interest in Solana could lift BONK’s price, but risks like network outages or ETF withdrawals could hurt it. BONK acts like a high-risk, high-reward indicator of Solana’s ecosystem health.

Conclusion

BONK’s short-term outlook depends on reaching the 1 million holder milestone to trigger the token burn and BonkFun’s ability to keep buybacks strong amid Solana’s ETF-driven growth. Technical indicators look positive (double bottom pattern, RSI at 62), but meme coins remain fragile — BONK dropped 10% on August 2 during a $427 million sell-off in the sector.

What to watch this week: Will BonkFun’s daily fees stay above $1 million? Can BONK hold its $0.000018 support level if Bitcoin dominance rises?


What are people saying about BONK?

The Bonk community is divided between excitement about its growing ecosystem and concerns about the risks of meme coins. Here’s what’s currently happening:

  1. Optimistic bets on prices above $0.00005, driven by BonkFun’s strong presence and ongoing token burns
  2. Large sell-offs by big holders causing panic, with over $18 million in sales leading to 6% price drops during the day
  3. Rumors of ETFs face challenges due to a $1.5 billion lawsuit involving Solana

In-Depth Look

1. @genius_sirenBSC: “$50M Grants Turbocharge BONK” – Positive Outlook

“$BONK rose 25.7% today after Community Grants 2.0 and Huobi exchange listing”
– @genius_sirenBSC (12.3K followers · 189K impressions · July 6, 2025)
See original post
What this means: This is good news for BONK. Increased funding for the ecosystem and new exchange listings improve adoption and liquidity. The grants program led to a 60% jump in on-chain project proposals, showing strong developer interest.

2. @johnmorganFL: “1 Trillion Burn = Moon?” – Mixed Signals

“Bonk Price Prediction – Will Burning 1 Trillion Tokens Push Prices Higher?”
– @johnmorganFL (89K followers · 2.1M impressions · July 13, 2025)
See original post
What this means: This is cautiously optimistic. Burning tokens reduces supply (about 1.2% of tokens in circulation), which can help prices rise. However, the plan depends on reaching 1 million holders (currently 950,000 as of July 25), and missing this target could cause selling pressure after the news.

3. CoinMarketCap Community: “Whales Dump $18M BONK” – Negative Impact

“A wallet linked to Galaxy Digital moved 510 billion BONK tokens to Binance and Coinbase”
– CoinMarketCap Community Post (366K views · July 25, 2025)
See original post
What this means: This is a bearish sign in the short term. Large sales caused the price to drop by 6.34% and raised concerns about more institutional investors exiting. However, high daily trading volume ($165 million on LetsBonk) helped reduce some selling pressure.

Summary

The outlook for BONK is mixed. On one hand, the Solana ecosystem is growing, with BonkFun capturing 64% of the launchpad market. On the other hand, meme coin price swings and regulatory risks—like the $1.5 billion lawsuit against Solana Labs—create uncertainty. Keep an eye on the number of holders: if it surpasses 1 million, the planned 1 trillion token burn could spark price rallies. But if it falls short, it might trigger more selling. Technical traders are watching the $0.000025 price level closely as a key support point.


What is the latest news about BONK?

Bonk is navigating big investor moves and technical price rebounds while looking toward gaining legitimacy through potential ETFs. Here’s the latest update:

  1. Big Investors Focus on Solana Meme Coins (October 6, 2025) – BONK is among the top Solana meme coins attracting large investments from whales, even though everyday retail buyers show less interest.
  2. Double Bottom Pattern Appears (October 3, 2025) – BONK is holding a key price level, suggesting a possible upward trend if buying volume increases.
  3. ETF Filing Sparks Interest (October 1, 2025) – Tuttle Capital’s application for a BONK ETF adds credibility and could bring more institutional money.

In-Depth Look

1. Big Investors Focus on Solana Meme Coins (October 6, 2025)

Summary:
According to CryptoNews, BONK ranks fifth among Solana meme coins in terms of whale investments over the past 30 days, with $131 million flowing in. However, the number of unique retail buyers is lower compared to competitors like FARTCOIN, indicating that large investors are driving most of the activity.

What this means:
This situation is mixed for BONK. While whale investments can lead to bigger price swings, the lack of retail interest may slow down organic growth. However, listings on exchanges like Huobi could make BONK more accessible to everyday investors.

2. Double Bottom Pattern Appears (October 3, 2025)

Summary:
BONK’s price has stabilized around $0.0000199, forming what technical analysts call a “double bottom” — a pattern that often signals a potential price rebound. If BONK can break above $0.0000209, it might rally toward $0.000032 to $0.000040, according to Crypto.news.

What this means:
This is cautiously positive for BONK. The pattern depends on continued buying pressure. If BONK fails to break resistance, the price may stay flat for a while. Notably, whales have recently bought 80 billion BONK tokens, which could help push the price up.

3. ETF Filing Sparks Interest (October 1, 2025)

Summary:
Tuttle Capital has filed for a leveraged BONK ETF, similar to strategies used with Bitcoin ETFs. While the U.S. Securities and Exchange Commission (SEC) has not yet set a timeline for approval, this move shows growing institutional interest, as reported by CoinGape.

What this means:
This is a positive sign for BONK because ETF approval could bring in new investment from institutions. However, regulatory challenges and the reputation of meme coins could slow down progress in the near term.

Conclusion

BONK is balancing volatility driven by large investors, technical signs of a price rebound, and excitement around a potential ETF. While whales currently dominate and retail interest is low, the ETF application and growth in the Solana ecosystem provide reasons for optimism. The big question remains: will everyday investors jump back in if the ETF gets approved, or will whales continue to control the market’s next moves?


What is expected in the development of BONK?

Bonk's roadmap is centered on reducing the total number of tokens in circulation and growing its ecosystem through three main projects:

  1. 1 Trillion Token Burn (Q3 2025) – Automatically burns tokens when the number of holders reaches 1 million.
  2. BonkFun DeFi Integrations (Q4 2025) – Expands partnerships with Solana-based decentralized finance (DeFi) platforms.
  3. Bonk Arena Team Battles (September 2025) – Adds team-based gameplay with NFT weapons and shares game revenue to support token burns.

Deep Dive

1. 1 Trillion Token Burn (Q3 2025)

Overview:
BONK plans to burn 1 trillion tokens, which is about 1.2% of all tokens currently available, once the number of holders hits 1 million. As of late July 2025, there were around 950,300 holders (CoinMarketCap Community Post), so this milestone could be reached soon.

What this means:
Burning tokens reduces supply, which can increase the value if demand stays strong. Daily active users have grown by 37% year-over-year, which is a positive sign. However, growth in new holders slowed down in August, creating some uncertainty about the exact timing of the burn.

2. BonkFun DeFi Integrations (Q4 2025)

Overview:
BonkFun controls 55% of new memecoin launches on the Solana blockchain and plans to deepen its connections with popular DeFi platforms like Jupiter and Raydium. Half of the platform’s monthly fees (around $17 million) are used to buy back and burn BONK tokens.

What this means:
This is generally positive because stronger partnerships can increase BONK’s use and value. However, 23% of users switched over from a competing platform, Pump.fun, in July (Dune Analytics), which shows there is some risk of users moving away.

3. Bonk Arena Team Battles (September 2025)

Overview:
The upcoming “kill-to-earn” game mode will introduce team battles and NFT-based weapons, according to developer Bravo Ready. Half of the game’s revenue will continue to support BONK token burns.

What this means:
This could increase BONK’s utility and attract more users, which is a positive sign. But memecoin prices are known to be very volatile, and the success of this game depends on how well it keeps players engaged after launch.

Conclusion

BONK’s roadmap aims to reduce token supply while expanding its ecosystem through DeFi partnerships and gaming. The project’s success will depend on reaching holder milestones and how well Solana’s DeFi platforms perform. Keep an eye on holder growth and BonkFun’s fee revenue as key indicators of BONK’s future potential.


What updates are there in the BONK code base?

Bonk’s recent software updates focus on improving tools and integrations within its ecosystem.

  1. Rewards Tracking Update (October 2, 2025) – Improved tracking of staking rewards for better transparency.
  2. AMM Integration (August 6, 2025) – Added support for decentralized finance (DeFi) features through automated market makers.
  3. Wallet Cleanup Tool (February 18, 2025) – Simplified token management for Solana wallets by cleaning up small balances.

Deep Dive

1. Rewards Tracking Update (October 2, 2025)

Overview: The bonk-rewards-snapshots system was upgraded to better track rewards for users who stake BONK tokens. It now syncs data in real time with the Solana blockchain.

This update uses a dynamic snapshot method that adjusts based on wallet activity, which helps reduce errors in calculating rewards. It also uses a lightweight verification method called Merkle proofs to confirm staking positions efficiently.

What this means: This is a positive development for BONK holders because it makes reward tracking clearer and more reliable. Increased transparency can attract more long-term users and build trust in the Bonk ecosystem.
(BONK Labs)

2. AMM Integration (August 6, 2025)

Overview: The bonkswap-amm-integration added support for concentrated liquidity pools. This means users can trade BONK with tighter price ranges and less slippage (price changes during trades).

The update also includes support for Solana’s Token-2022 standard, which allows BONK to work with more advanced DeFi platforms. Additionally, a fee system was introduced for liquidity providers who supply tokens for trading.

What this means: This update is somewhat positive for BONK because it expands its use in DeFi, potentially increasing trading activity. However, its impact depends on how quickly other platforms adopt these features.
(BONK Labs)

3. Wallet Cleanup Tool (February 18, 2025)

Overview: The pooperscooper tool helps users manage their Solana wallets by automatically combining small token balances (often called “dust”) into BONK and closing unused accounts.

It uses an algorithm to find these tiny balances and processes batch transactions to make wallets cleaner and reduce transaction fees.

What this means: While this update doesn’t directly affect BONK’s value, it improves the user experience by making wallet management easier. This could encourage more people to use BONK by reducing wallet clutter.
(BONK Labs)

Conclusion

Bonk’s recent updates focus on making the token more useful through better reward tracking, deeper DeFi integration, and improved wallet tools. These changes support Bonk’s goal of becoming Solana’s community-driven utility token. The key question is how quickly other projects in the ecosystem will adopt these upgrades to unlock new possibilities.