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Why did the price of BONK fall?

Bonk (BONK) dropped 2.43% in the last 24 hours to $0.0000129, underperforming the overall crypto market, which fell by 1.2%. This decline follows a week of steady prices after recent gains (+9.6% over 7 days) and reflects challenges specific to this sector.

  1. Profit-taking after recent rally – BONK jumped 11.8% last week, riding the wave of memecoin popularity, leading short-term traders to cash out their profits.
  2. Broader crypto market dip – Bitcoin’s market share increased to 59.13%, indicating investors are moving money away from riskier altcoins like memecoins.
  3. Technical resistance rejection – BONK couldn’t break above a key price level ($0.00001318), which triggered selling pressure.

Deep Dive

1. Profit-Taking Pressure (Negative Impact)

Overview: BONK’s price rose 9.6% over the past week, beating other popular memecoins like Dogecoin (+8.7%) and Shiba Inu (+10.4%). This strong performance likely encouraged traders to take profits, shown by a 10.29% increase in trading volume ($156.66 million) in the last 24 hours—a common sign that sellers are stepping in.

What this means: Memecoins like BONK are known for their price swings. BONK’s price has dropped over 50% in the last 90 days, showing high volatility. This makes short-term traders quick to lock in gains when prices rise.

2. Market-Wide Risk Aversion (Negative Impact)

Overview: The total cryptocurrency market value fell by 1.2% in 24 hours, while Bitcoin’s dominance rose to 59.13%, the highest since June 2025. The Crypto Fear & Greed Index is at 31/100 (Fear), indicating low investor confidence in riskier assets.

What this means: Investors are favoring more stable, large cryptocurrencies like Bitcoin amid ongoing economic uncertainties, such as unresolved U.S. government funding issues. As a result, memecoins, which had an 11% rally last week, are now seeing money flow out.

3. Technical Resistance Breakdown (Mixed Impact)

Overview: BONK failed to stay above the 61.8% Fibonacci retracement level at $0.00001318 after its recent high. The Relative Strength Index (RSI-14) dropped to 45.64, indicating a neutral momentum, while the MACD indicator shows some positive signs but remains below the signal line.

What this means: These technical signals suggest BONK might stabilize soon, but the rejection at $0.00001318 created downward pressure. If BONK closes below its 7-day simple moving average (SMA) of $0.000012627, it could fall further to the support level at $0.00001216.

Conclusion

BONK’s recent price drop is due to a mix of cautious sentiment across the memecoin sector, profit-taking after last week’s rally, and a failure to maintain upward momentum on the charts. Despite strong community support and daily trading volumes over $156 million, BONK’s short-term direction depends on whether Bitcoin’s dominance decreases and if buyers can defend the $0.000012 price level.

Key watch: Will BONK stay above its 7-day SMA ($0.000012627) in the next 24 hours? Falling below this level could lead to accelerated selling toward monthly lows.


What could affect the price of BONK?

The future price of BONK depends on how much its ecosystem grows versus the typical ups and downs of memecoins.

  1. Token burns & holder growth – BONK plans to burn 1 trillion tokens once it hits 1 million holders (currently over 950,000).
  2. BonkFun’s role – BonkFun drives 55% of new Solana memecoin launches and uses fees to buy back BONK tokens.
  3. Market risks – Memecoins are volatile, and Bitcoin still dominates the crypto market at 59%.

Deep Dive

1. Supply Changes & Token Burns (Mixed Effects)

Overview: BONK will burn 1 trillion tokens (about 1.2% of its total supply) when it reaches 1 million holders. As of July 2025, there are around 950,300 holders. However, the growth rate of new holders slowed from 5.4% weekly in July to 2.1% in August (CoinMarketCap). Meanwhile, BonkFun uses half of its fees to buy back BONK tokens, burning roughly $17 million worth each month at current prices.

What this means: Burning tokens reduces supply, which can push prices up if demand stays strong. But if the number of holders grows slowly, the burn’s impact might be less significant.

2. Competition in Solana Memecoins (Positive Outlook)

Overview: BonkFun controls 55% of new memecoin launches on the Solana blockchain as of August 2025, generating over $34 million in daily fees. Meanwhile, a competitor, Pump.fun, saw its trading volume drop 40% in July due to legal issues (CryptoNewsLand).

What this means: BonkFun’s strong position means steady demand for BONK through fee-based token burns. However, there’s a risk users might switch to competitors if they offer better rewards.

3. Broader Market Risks (Negative Outlook)

Overview: The memecoin market fell between 10% and 40% during a $43 billion selloff in May 2025. BONK’s price closely follows Bitcoin (with a -0.89 beta) and Solana’s performance. Since Bitcoin still holds 59.2% of the crypto market (CMC Global Metrics), investors are cautious about moving money into alternative coins like BONK.

What this means: If overall market uncertainty continues or Solana’s total value locked (TVL) drops, BONK’s price could face significant downward pressure.

Conclusion

BONK’s token burning and integration with the Solana ecosystem offer potential for price gains. However, its success depends heavily on the unpredictable memecoin market. Keep an eye on BonkFun’s market share and when BONK reaches 1 million holders, as these will trigger important token burns.

Will Solana’s validator partnerships help stabilize BONK amid memecoin volatility?


What are people saying about BONK?

The BONK community is lively with a mix of hopeful excitement and cautious watchfulness. Here’s what’s trending right now:

  1. Ecosystem grants and token burns are driving positive momentum
  2. Price is battling between a key support level at $0.000025 and resistance above
  3. Solana’s meme coin crown is on the line as rivals gain traction

In-Depth Look

1. @genius_sirenBSC: $50M in Grants Sparks 25% Price Rally

"BONK’s Community Grants 2.0 program allocated $50 million to developers, leading to a 60% jump in project proposals. Alongside a new listing on Huobi and NFT staking adoption (with 200,000 NFTs locked), large investors have accumulated $1.84 billion worth of BONK."
– @genius_sirenBSC (81.7K followers · 33.3K impressions · July 6, 2025)
See original post
What this means: This is a positive sign for BONK. The growth in the ecosystem and fewer tokens available on exchanges (due to big investors holding) tighten supply, which can support price increases. The grants program could help BONK develop real use cases beyond just being a meme coin.

2. CoinMarketCap Analysis: BonkFun Leads Solana Memecoins but Faces Challenges

"BonkFun accounts for 55% of new Solana memecoin launches and burns $17 million BONK tokens monthly. However, technical indicators like the RSI at 42 and price below key moving averages ($0.0000285) suggest weakening momentum after a 7% price drop in August."
– CoinMarketCap Community (August 3, 2025)
See original post
What this means: The outlook is mixed. While BonkFun’s growth supports token burning (which reduces supply), technical signals and competition from coins like Fartcoin could limit short-term gains.

3. @johnmorganFL: Countdown to Burning 1 Trillion BONK Tokens

"BONK plans to burn 1 trillion tokens (about 1.2% of total supply) once it reaches 1 million holders (currently at 950,000). If this happens before Q4, it could trigger a rally similar to SHIB’s 80% price jump in 2024 driven by token burns."
– @johnmorganFL (35.2K followers · 194.3K impressions · July 8, 2025)
See original post
What this means: This is a potential positive trigger if the community grows enough. Burning tokens reduces the amount available to sell, which can increase scarcity and support higher prices.

Conclusion

The overall view on BONK is mixed. The strength of the Solana ecosystem and ongoing grants and burns show progress toward more mature token economics. However, the $0.000025 support level (a key Fibonacci retracement point) is crucial—if the price falls below this for good, it could cause panic selling. Keep an eye on BonkFun’s weekly revenue (currently about $34 million per day) as a sign of how sustainable the token burns are. For optimistic investors, breaking above $0.000030 would signal BONK’s leadership among meme coins. On the downside, if Solana’s price drops below $180, it could increase selling pressure on BONK.

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What is the latest news about BONK?

BONK is benefiting from Solana’s growing memecoin trend, supported by selective NFT gains and positive technical signals. Here’s the latest update:

  1. NFT & Memecoin Recovery (Nov 11, 2025) – BONK jumped 11.8% as investors grew more confident, outperforming many NFT collections.
  2. Breakout Momentum Confirmed (Nov 10, 2025) – BONK’s price rose 1.7% with an 82% increase in trading volume, indicating short-term strength.
  3. Ecosystem Momentum Builds (Nov 10, 2025) – Growth in Solana’s network is helping BONK recover and attract more buyers.

Deep Dive

1. NFT & Memecoin Recovery (Nov 11, 2025)

Overview:
Over the past week, BONK’s price increased by 11.8%, riding a wave of renewed interest in memecoins. While NFT markets showed mixed results, the overall memecoin market grew 11% to $52 billion, despite ongoing U.S. fiscal uncertainties. BONK outperformed other popular memecoins like Dogecoin (+8.7%) and Shiba Inu (+10.4%), helped by a 9.3% rise in NFT trading volume on Solana.

What this means:
This is a cautiously positive sign for BONK. The memecoin rally reflects improved investor confidence, but NFT gains are uneven—only certain Solana-based collections, like Lil Pudgys, saw notable increases. BONK’s strong performance suggests momentum centered on Solana, but its dependence on speculative trading means prices could still be volatile. (CoinMarketCap)

2. Breakout Momentum Confirmed (Nov 10, 2025)

Overview:
BONK broke through a key resistance level at $0.00001320, rising 1.7% to $0.00001332. Trading volume surged 82% above average, signaling strong buying interest. Technical charts show an upward channel pattern, with price expected to consolidate between $0.00001328 and $0.00001350. Support near $0.00001300 suggests buyers are stepping in, but sustained gains will depend on closing above $0.00001350.

What this means:
This points to short-term bullishness. The volume-backed breakout indicates strength, but the Relative Strength Index (RSI) is high at 73.19, which could lead to profit-taking and a temporary pullback. Traders will be watching for a confirmed close above $0.00001350 to confirm further upside potential. (CoinDesk)

3. Ecosystem Momentum Builds (Nov 10, 2025)

Overview:
Experts link BONK’s recovery to Solana’s broader resurgence, with better liquidity and partnerships among network validators encouraging adoption. BonkFun, BONK’s launchpad platform, now controls 25% of Solana’s memecoin market. Institutional interest is also growing, highlighted by BONK’s inclusion on Grayscale’s watchlist.

What this means:
This is a positive development for BONK. Platforms like BonkFun create steady demand through token burns and practical uses, which helps reduce reliance on hype-driven price swings. However, BONK faces competition from newer Solana memecoins like Dogwifhat, and regulatory scrutiny of launchpads could pose challenges. (CryptoNewsLand)

Conclusion

BONK’s recent gains come from Solana’s strong ecosystem, technical price breakouts, and shifting memecoin demand. While the outlook is mostly positive, long-term success depends on overall market stability and BonkFun’s ability to manage token supply through burns. The key question remains: can BONK’s focus on utility outlast the speculative excitement as Solana continues to grow?


What is expected in the development of BONK?

BONK’s development is moving forward with these key updates:

  1. BonkFun DeFi Integrations (Q4 2025) – Strengthening partnerships within the Solana blockchain ecosystem.
  2. Bonk Arena Game Upgrades (Second half of 2025) – Adding team battles and NFT-based weapons to the game.
  3. Token Launchpad Expansion (Ongoing) – Supporting new Solana memecoin projects through a community-driven platform.

In-Depth Look

1. BonkFun DeFi Integrations (Q4 2025)

What’s happening: BonkFun, BONK’s platform for launching memecoins, plans to work more closely with popular Solana decentralized finance (DeFi) services like Jupiter and Raydium by the end of 2025. This will make it easier to manage liquidity (the availability of tokens for trading) and offer rewards across different platforms. Currently, BonkFun handles about 55% of all Solana memecoin launches and generates roughly $17 million per month by buying back BONK tokens (CoinMarketCap Community).
Why it matters: This is good news for BONK’s usefulness because more activity on the platform means more tokens get burned (destroyed), which can increase the token’s value. However, there is competition from other platforms like Pump.fun that could impact growth.

2. Bonk Arena Game Upgrades (Second half of 2025)

What’s happening: The Bonk Arena game, which rewards players for in-game actions (“kill-to-earn”), will add new features like team battles and NFT weapons starting in September 2025, according to the developer Bravo Ready. Half of the money made in the game will continue to be used to burn BONK tokens, linking the game’s success directly to the token’s economy (CoinMarketCap Community).
Why it matters: This update could increase player interest and engagement, which is positive for BONK. Still, the unpredictable nature of memecoin markets means success isn’t guaranteed. Keeping players involved after the update will be key.

3. Token Launchpad Expansion (Ongoing)

What’s happening: BONKlive, a launchpad run by the community, is working to bring more projects onto the Solana blockchain. It leverages BONK’s large user base of 974,000 holders and over 400 integrations with other platforms (BONK Website).
Why it matters: This growth is promising for the overall BONK ecosystem, but it depends on the wider cryptocurrency market’s health. If BONK continues to dominate Solana’s memecoin space, it could benefit from strong network effects—where more users attract even more users.

Conclusion

BONK’s roadmap combines strategies to reduce token supply (through burning) with efforts to grow its ecosystem via gaming, DeFi, and launchpads. Upcoming developments like BonkFun’s integrations in late 2025 could help stabilize demand for BONK. However, long-term success will rely on keeping users engaged despite the ups and downs common in memecoin markets. The big question remains: how will BONK stand out as the Solana ecosystem continues to evolve?


What updates are there in the BONK code base?

No major recent updates to the BONK codebase; the team is focusing on growing the ecosystem and improving token management.

  1. Locked Wallet Snapshots (October 29, 2025) – Weekly tracking of BONK tokens locked in wallets for set periods.
  2. Bonk Arena Integration (June 2, 2025) – BONK tokens are burned based on revenue from a new game.

Deep Dive

1. Locked Wallet Snapshots (October 29, 2025)

Overview:
BonkLabs is keeping weekly records of wallets that lock BONK tokens for 1, 3, or 6 months. These records are stored as JSON files and help track who is staking or earning rewards in the community.

This data promotes transparency for decentralized decision-making and helps identify who might qualify for future token giveaways (airdrops). Each locked token is counted only once per lock period to avoid double counting (for example, two 3-month locks don’t equal one 6-month lock).

What this means:
This update is mainly about maintenance and doesn’t change how BONK works. It helps keep things clear for long-term holders but doesn’t affect the token’s features.
(Source)

2. Bonk Arena Integration (June 2, 2025)

Overview:
Bonk Arena is a game built on the Solana blockchain where players “kill-to-earn.” Half of the game’s revenue is used to burn BONK tokens, reducing the total supply. Players pay 10,000 BONK (about $0.17) to enter the game, which creates ongoing demand for the token.

What this means:
This is positive for BONK because it adds a way to reduce the number of tokens in circulation (deflation) and connects the token’s value to gaming activity. However, the BONK code itself wasn’t changed; this integration uses the existing BONK system.
(Source)

Conclusion

Bonk’s development is currently focused on expanding its ecosystem through gaming and tracking staking activity, rather than making changes to the core technology. To stay updated on any code changes, keep an eye on BONK’s repositories for new commits or security audits. It will be interesting to see how BONK’s dependence on Solana’s blockchain influences its future technical growth.