Bootstrap
Trading Non Stop
ar | bg | cz | dk | de | el | en | es | fi | fr | in | hu | id | it | ja | kr | nl | no | pl | br | ro | ru | sk | sv | th | tr | uk | ur | vn | zh | zh-tw |

Why did the price of BONK fall?

Bonk (BONK) dropped 2.45% in the last 24 hours, adding to a 9.64% loss over the past week. Three main reasons behind this decline:

  1. Weakness in meme coins – The overall meme coin market has fallen 40% since October 16, pulling BONK down with it.
  2. Technical breakdown – BONK’s price fell below an important long-term moving average and key support levels.
  3. Broader crypto market challenges – Bitcoin’s 5% drop to $105,000 caused investors to be more cautious, affecting altcoins like BONK.

Deep Dive

1. Meme Coin Market Weakness (Negative Impact)

The meme coin market lost $28 billion during the crash on October 16–17 (Cryptonews), with BONK’s price falling over 20% during that time. Although there has been some recovery, the meme coin market remains fragile. Its total value is still 26% below the peak it reached in October, currently sitting at $57 billion.

What this means: BONK is closely tied to the performance of speculative assets like meme coins. When the market is under stress, sell-offs tend to be more severe. Since 82% of the meme coin market value is held by the top 10 coins, when these coins face selling pressure, it affects the entire sector.

2. Technical Breakdown (Negative Impact)

As of October 21, BONK’s key technical indicators show:

The price fell below the 200-day moving average on October 15, turning that level into resistance. BONK is now trading near the 50% Fibonacci retracement level of $0.00001447, based on its rally from 2024 to 2025.

What to watch: If BONK closes below $0.00001447 on a daily basis, it could drop another 10–15% toward the 61.8% Fibonacci level at $0.00001241.

3. Broader Crypto Market Pressures (Mixed Impact)

Bitcoin’s 5% decline to $105,000 on October 17 (Yahoo Finance) led to:

What this means: Although BONK is part of the Solana ecosystem, it still closely follows Bitcoin’s price movements, with a 90-day correlation of 0.89. When institutional investors become more cautious, meme coins like BONK tend to be hit harder.

Conclusion

BONK’s recent decline is due to a combination of sector-specific weaknesses, technical setbacks, and Bitcoin’s broader pullback. While BONK’s $27.3 million buyback program (CoinGecko) offers some support by reducing supply, meme coins need the overall market to stabilize before they can recover.

Key point to watch: Can BONK maintain support at the 50% Fibonacci level ($0.00001447) along with Solana holding its $178 support level? If BONK falls below this, it risks revisiting the lows seen in July.


What could affect the price of BONK?

Bonk’s price moves are influenced by meme-driven hype and the growth of its ecosystem.

  1. Token Burns & Holder Milestone – Plans to burn 1 trillion tokens when reaching 1 million holders (currently 950k as of July 2025)
  2. BonkFun’s Market Share – Controls 55% of Solana memecoin launches, with $17 million monthly spent on buying back BONK tokens
  3. Market Risks – Memecoins are volatile (down 34% monthly), but Solana ETF news could provide some support

In-Depth Analysis

1. Token Burns & Holder Growth (Positive Signs)

What’s happening:
Bonk will burn 1 trillion tokens (about 1.2% of total supply) once it hits 1 million holders, a goal likely by late 2025 since it already has 950,000 holders as of July 2025. This burn works alongside BonkFun’s system, which burns half of its fee revenue, helping reduce the total supply over time.

Why it matters:
Reducing supply can help increase token value by making BONK scarcer, which balances out inflation from the large circulating supply (80.5 trillion tokens). However, growth in new holders has slowed recently (2.1% weekly in August vs. 5.4% in July), so the timing of this milestone is less certain. Past token burns led to short-term price increases but didn’t stop overall market dips (CoinGecko).

2. BonkFun Ecosystem & Competition (Mixed Outlook)

What’s happening:
BonkFun dominates the Solana memecoin scene with 55% of new launches and spends about $17 million monthly buying back BONK tokens. Still, competitors like Pump.fun (holding 39.9% market share) and newer tokens such as Fartcoin and Dogwifhat are creating a fragmented market.

Why it matters:
BonkFun’s strong position helps build network effects, but keeping users loyal is key. In July 2025, 23% of users switched from Pump.fun to BonkFun, showing some momentum. However, switching costs and new innovations could challenge BonkFun’s lead. Success depends on partnerships with major Solana DeFi platforms like Jupiter and Raydium (Dune Analytics).

3. Market Sentiment & Volatility (Potential Risks)

What’s happening:
Bonk’s price fell 10.3% on May 31, 2025, during a $43 billion sell-off in memecoins. The current Fear & Greed Index is low (33/100), and Bitcoin dominance is high (59.03%), indicating cautious investor sentiment. Rumors about a Solana ETF add uncertainty.

Why it matters:
Memecoins like BONK are very sensitive to Bitcoin’s price and overall market mood. BONK’s price moves closely with Solana (correlation of 0.87 over 30 days), so any trouble for Solana could hurt BONK. On the upside, interest from Grayscale and ETF speculation could boost BONK’s price (Yahoo Finance).

Conclusion

Bonk’s future depends on whether token burns and deeper integration with Solana’s ecosystem can overcome the typical volatility of memecoins. In the short term, watch for the 1 million holder milestone and the $0.000014 price support level. Over the long term, keep an eye on BonkFun’s market share as competition grows. Will BONK evolve from a meme token into a useful asset before the current hype fades?


What are people saying about BONK?

The BONK community is divided between hopeful optimism and cautious realism. Here’s the latest:

  1. Positive outlook with targets above $0.00005, supported by token burns and grants
  2. Concerns about maintaining gains as large holders sell off
  3. Technical battle at important price support levels

In-Depth Look

1. @genius_sirenBSC: Growing ecosystem drives price up 🚀 positive

"200,000 NFTs staked within hours and a $50 million grants program sparked a 137% increase in trading volume"
– @genius_sirenBSC (18.2K followers · 2.1M impressions · 2025-07-06 14:41 UTC)
View original post
What this means: This is good news for BONK. Expanding the ecosystem through grants and NFT use encourages big investors to buy more and reduces the number of tokens available for trading.

2. @johnmorganFL: Token burn excitement vs. broader risks 🎢 mixed feelings

"Institutions are buying $BONK, but a lawsuit involving Solana might limit the price to around $0.000034"
– @johnmorganFL (92K followers · 4.8M impressions · 2025-08-14 08:44 UTC)
View original post
What this means: The outlook is uncertain. While burning 1 trillion tokens when the community hits 1 million holders could boost the price, challenges like legal issues and the general instability of meme coins in the market create risks.

3. CoinMarketCap TA: Technical signals suggest possible drop 📉 cautious

"BONK failed to hold above the 200-day moving average at $0.0000181, and the Relative Strength Index (RSI) at 41 points to a potential 33% price decline"
– CoinMarketCap Analysis (2025-10-16 11:17 UTC)
View original post
What this means: Short-term outlook looks weak. BONK is trading below important price averages, and if it falls below $0.000013, it could drop further toward its 2025 low of $0.0000091.

Conclusion

Opinions on BONK are mixed. Positive developments like ecosystem growth and upcoming token burns are balanced by technical weaknesses and the unpredictable nature of meme coins. The key level to watch is $0.000013—if BONK falls below this, it might retest its lowest price this year. The big question: does the BONK community have enough momentum to turn things around?


What is the latest news about BONK?

Bonk (BONK) is navigating a challenging market with smart buyback strategies and a strong ecosystem, even as the meme coin sector faces volatility. Here’s the latest update:

  1. Meme Market Crash (October 16, 2025) – BONK’s price dropped 20% during a $28 billion crash across meme coins.
  2. Buyback Efforts (October 17, 2025) – Bonk.fun spent $27.3 million buying back BONK tokens to help reduce inflation.
  3. Technical Challenges (October 16, 2025) – BONK’s price is struggling below a key long-term average, indicating bearish pressure.

Detailed Overview

1. Meme Market Crash (October 16, 2025)

What happened:
BONK’s price fell more than 20% over two days as meme coins took a hit from wider cryptocurrency sell-offs and geopolitical tensions, including U.S.-China tariff news. The overall meme coin market value dropped 40% to $44 billion, wiping out recent gains driven by Solana and BNB Chain.

Why it matters:
This is a short-term negative for BONK because meme coins are very sensitive to big market changes and shifts in investor money. However, BONK’s partial recovery to a $57 billion sector market cap shows some investors are buying the dip. (Cryptonews)

2. Buyback Efforts (October 17, 2025)

What happened:
Bonk.fun has spent $27.3 million on buying back BONK tokens in 2025, part of a larger $1.4 billion trend in the crypto industry. These buybacks help reduce the total supply of BONK tokens, with 35% of platform fees used to permanently remove tokens from circulation (called “burns”).

Why it matters:
This is a positive long-term sign because buybacks help control BONK’s large circulating supply of 81 trillion tokens. However, the recent crash on October 10 means these repurchased tokens are currently at a loss on paper, showing there are risks involved. (Yahoo Finance)

3. Technical Challenges (October 16, 2025)

What happened:
BONK’s price is trading below its 200-day moving average (a key long-term price indicator), currently between $0.000017 and $0.000020. Other technical indicators like RSI (Relative Strength Index) at 42.89 and MACD (Moving Average Convergence Divergence) suggest bearish momentum.

Why it matters:
This is a neutral to negative sign, as staying below this important resistance level could mean BONK’s price might drop further toward support at $0.0000137. If BONK can close above the 200-day moving average with strong trading volume, it could signal a positive turnaround, but right now, the market lacks strong buying interest. (Crypto.news)

Conclusion

BONK is facing challenges from a shaky meme coin market and technical resistance but is fighting back with deflationary buybacks and strong ties to the Solana blockchain ecosystem. The key question is whether Bonk.fun’s fee-driven token burns can balance out the selling pressure from broader market risks, or if the 200-day moving average will continue to limit price gains. Keep an eye on Bitcoin’s market dominance and upcoming Solana network upgrades for clues on where BONK might head next.


What is expected in the development of BONK?

Bonk’s roadmap centers on reducing token supply and growing its ecosystem.

  1. 1 Trillion Token Burn (Coming Soon) – This will happen once the number of holders reaches 1 million (currently 950,300 as of July 2025).
  2. BonkFun DeFi Integrations (Q4 2025) – Expanding how BONK works with popular Solana decentralized finance (DeFi) platforms.
  3. Bonk Arena Upgrades (Launched) – New features like team battles and NFT rewards were added in September 2025.

Deep Dive

1. 1 Trillion Token Burn (Coming Soon)

Overview:
BONK plans to permanently remove about 1.2% of its circulating tokens—around 1 trillion tokens—once it reaches 1 million holders. As of July 2025, BONK had 950,300 holders, with growth slowing to about 2.1% per week in August.

What this means:
This is generally positive for BONK because reducing the number of tokens available can increase the value of the remaining tokens if demand stays strong. However, if fewer new users join or if the overall crypto market faces uncertainty (like Bitcoin price swings), the impact of the burn might be less noticeable.

2. BonkFun DeFi Integrations (Q4 2025)

Overview:
BonkFun, which is behind 55% of new Solana memecoin launches, plans to connect BONK more deeply with major Solana DeFi platforms like Jupiter (a decentralized exchange aggregator) and Raydium (an automated market maker). This comes after BonkFun’s impressive $540 million trading volume in July, surpassing competitors like Pump.fun.

What this means:
This is somewhat positive because stronger connections with DeFi platforms can make BONK more useful and attractive to users. Still, competition from newer Solana memecoins (like Fartcoin) and the fact that 23% of users have moved away from Pump.fun show there are challenges ahead.

Conclusion

BONK’s short-term success depends on growing its holder base to trigger the token burn and on BonkFun’s ability to keep leading Solana’s memecoin market. While reducing token supply and building partnerships offer potential benefits, the unpredictable nature of memecoins remains a challenge.

Will BONK’s community-driven approach keep it ahead in Solana’s fast-changing meme coin scene?


What updates are there in the BONK code base?

Bonk’s development team is actively improving tools and decentralized finance (DeFi) features to strengthen its ecosystem.

  1. AMM Integration Upgrade (August 2025) – Improved swap performance on BonkSwap, the native decentralized exchange (DEX).
  2. Token Consolidation Tool (February 2025) – Made it easier for users to manage multiple BONK token balances in one wallet.
  3. Rewards Snapshot System (October 2025) – Automated the process of distributing staking rewards to users.

Deep Dive

1. AMM Integration Upgrade (August 2025)

Overview: Bonk’s developers enhanced the Automated Market Maker (AMM) system on BonkSwap, Solana’s built-in DEX. This upgrade improves how liquidity pools operate and how prices are calculated during trades.

The update added flexible fee levels depending on how volatile the market is and improved connections to price data sources for stablecoins. This helps reduce risks for liquidity providers and keeps trading costs lower during busy market times.

What this means: This is good news for BONK holders because better pricing encourages more trading and deeper liquidity on BonkSwap. It could also attract more projects to build on this platform, increasing overall activity.
(Source)

2. Token Consolidation Tool (February 2025)

Overview: The new “PooperScooper” tool allows users to combine small BONK token amounts spread across different wallets into one single wallet.

Developed using TypeScript, it uses Solana’s compressed NFT (cNFT) technology to group transactions together, cutting transaction fees by up to 40% compared to moving tokens manually.

What this means: This update mainly improves user convenience by reducing wallet clutter. While it doesn’t directly affect BONK’s token supply or value, it could encourage more users to participate in staking or governance by simplifying token management.
(Source)

3. Rewards Snapshot System (October 2025)

Overview: Bonk introduced an automated system to track and distribute staking rewards, replacing slower manual methods.

This system uses Solana’s Clockwork network to schedule transactions, ensuring rewards are calculated and paid out promptly, even during times of high network traffic.

What this means: This is positive for BONK because faster and more reliable rewards can attract more long-term stakers, which helps reduce selling pressure and keeps liquidity stable.
(Source)

Conclusion

Bonk’s recent updates focus on making the platform more efficient, user-friendly, and reliable for staking. While these changes aren’t revolutionary, they show a steady commitment to improving the ecosystem. It will be interesting to see how Bonk’s tools continue to develop to compete with Ethereum-based meme coins and their infrastructure.