Why did the price of BONK fall?

Bonk (BONK) dropped 1.23% in the last 24 hours, underperforming its 7-day gain of 9.58% and the overall crypto market, which fell 1.14%. Here’s why:

1. Profit-Taking After Rally – Traders cashed in profits following a strong 60-day surge, with trading volume up 82% and a weekly price increase of 11.8% (Cointribune).
2. Market-Wide Risk Aversion – The Crypto Fear & Greed Index dropped to 26/100 (“Fear”), pushing investors toward Bitcoin (which gained dominance at 59.43%) and away from meme coins like Bonk.
3. Technical Pullback – Bonk failed to hold its $0.00001320 support level, with the Relative Strength Index (RSI) at 40.17, indicating bearish momentum.

Deep Dive

1. Profit-Taking After Memecoin Rally (Bearish Impact)

Overview: Bonk’s price rose 11.8% last week, riding a wave of interest in meme coins. However, as Bitcoin’s dominance increased to 59.43% (CoinMarketCap), many traders started selling Bonk to lock in gains. On November 11, over 119 billion BONK tokens changed hands near local highs, signaling profit-taking.

What this means: Meme coins like BONK often experience sharp price drops after rallies because they have lower liquidity and many retail investors. The 30-day price drop of 18.88% shows ongoing selling pressure despite recent gains.

What to watch: If Bonk’s price closes above the 30-day simple moving average (SMA) at $0.00001401, it could indicate renewed buying interest.

2. Risk-Off Shift in Crypto Markets (Bearish Impact)

Overview: The total cryptocurrency market value fell 1.14% as investors moved funds into Bitcoin, which saw a 0.16% increase in dominance. This shift happened amid geopolitical tensions and a 12.21% drop in derivatives trading volume. The Altcoin Season Index also fell 20% over the month, showing less interest in riskier altcoins.

What this means: Bonk’s price movements are now closely linked to Bitcoin, with a 24-hour correlation of 0.89. Lower trading volume (down 30.7% in 24 hours) makes Bonk more vulnerable to price swings during times when investors avoid risk.

3. Technical Breakdown (Bearish Impact)

Overview: Bonk’s price fell below its 7-day SMA of $0.00001274 and the key Fibonacci retracement level at $0.00001318. The MACD indicator also shows bearish momentum.

What this means: The $0.00001276 level, which previously acted as support, is now resistance. If Bonk’s price drops below $0.00001250, it could retest the November low of $0.00001086.

Conclusion

Bonk’s recent decline is driven by traders taking profits, a broader market shift toward safer assets like Bitcoin, and technical signals pointing to weakness. While growth in the Solana ecosystem might support Bonk over the medium term, its high volatility means investors should be cautious.

Key point to watch: Can Bonk reclaim the $0.00001320 level as meme coin trading volumes continue to shrink?

What could affect the price of BONK?

Bonk's price is caught between the positive effects of Solana’s expanding ecosystem and the unpredictable swings common in memecoin markets.

1. Ecosystem Growth & Token Burns – Partnerships with validators and planned token burns could reduce supply and support price.
2. Memecoin Volatility – The memecoin market is prone to sharp sell-offs, which can drag prices down during hype cycles.
3. Technical Resistance Levels – Key price points between $0.0000139 and $0.0000155 will likely influence short-term price moves.

In-Depth Analysis

1. Ecosystem Growth & Token Burns (Positive Factors)

Bonk is becoming more integrated into Solana’s network through projects like Bonk Arena, which burns 50% of its game revenue, and a planned burn of 1 trillion tokens once it reaches 1 million holders. These token burns reduce the total supply, which can help increase scarcity and potentially support price growth.

Additionally, Bonk benefits from over 350 on-chain integrations, with LetsBonk.fun accounting for 55% of new Solana memecoin launches, adding real-world use cases and demand. Partnerships with validators, including Nasdaq-listed DeFi Development Corp, may also attract more serious investors. If the number of holders continues to grow, the upcoming large token burn (about 1.2% of the circulating supply) could further boost price by tightening supply.

2. Memecoin Volatility (Risks to Consider)

Bonk’s price dropped 10.3% on May 31, 2025, during a $43.2 billion sell-off across the memecoin sector, showing how sensitive it is to market sentiment. Other Solana memecoins like Fartcoin and Dogwifhat compete for attention, which can spread out trader interest and increase price swings.

Memecoins often move together during market downturns. For example, Bonk’s price fell 2.99% in the last 24 hours compared to a 1.83% drop in the overall crypto market, highlighting its vulnerability. Large sell-offs or shifts in hype can lead to bigger price drops than more established cryptocurrencies.

3. Technical Resistance (Mixed Signals)

Currently, Bonk is trading below its 30-day simple moving average (SMA) of $0.00001401 and faces resistance near the 23.6% Fibonacci retracement level at $0.00001390. Technical indicators like the MACD histogram (-0.000000969) and RSI (40.17) suggest weak momentum. However, if Bonk breaks above $0.00001390, it could aim for the next resistance at $0.00001550.

For this to happen, buying volume needs to increase significantly, as it has dropped 31.53% in the past 24 hours. If Bonk fails to hold support at $0.0000126, it might retest its 2025 low near $0.00001087.

Conclusion

Bonk’s future depends on balancing the benefits of Solana’s growing ecosystem and token burns against the risks of memecoin market volatility. The upcoming 1 million holder token burn and LetsBonk.fun’s revenue-sharing model provide potential upside, but the memecoin sector’s fragility and technical resistance levels remain challenges.

The key question is whether Bonk’s deflationary features can overcome the speculative nature typical of meme assets. Keep an eye on holder growth and trading volumes on Solana decentralized exchanges (DEXs) for signs of strength or weakness.

{{technical_analysis_coin_candle_chart}}

What are people saying about BONK?

Bonk’s social buzz swings between meme-inspired excitement and cautious skepticism from big investors. Here’s what’s trending:

1. $50 million grants program fuels ecosystem excitement
2. Large holders sell 600 billion tokens, sparking bearish concerns
3. NFT staking launch locks up 200,000 collectibles quickly

Deep Dive

1. @genius_sirenBSC: Positive signs for ecosystem growth

“BONK’s ‘Community Grants 2.0’ led to a 60% jump in project proposals, and the Huobi exchange listing boosted trading volume by 137%.”
– @genius_sirenBSC (81.7K followers · 332K impressions · 2025-07-06 14:41 UTC)
View original post
What this means: This is a positive sign for BONK. New partnerships and incentives for developers could help balance supply and demand. However, there are still risks in how well these plans will be executed.

2. @bonk_inu: Big investors selling causes concern

“gBONK” (posted alongside a 600 billion token sell-off on 2025-08-19)
– @bonk_inu (451.8K followers · 2.7M impressions · 2025-08-07 14:16 UTC)
View original post
What this means: This signals bearish pressure as large holders cash out near resistance levels of $0.000023 to $0.000025. It raises doubts about whether the price can keep rising steadily.

3. @ToshiCalls: NFT staking gains momentum

“200,000 NFTs locked just hours after the staking feature launched.”
– @ToshiCalls (10.3K followers · 292K impressions · 2025-08-13 20:29 UTC)
View original post
What this means: This is somewhat positive. While the quick adoption of NFT staking is encouraging, the overall NFT market is down 31%, which might limit how much this helps BONK’s price without a broader market rebound.

Conclusion

The outlook for BONK is mixed. On one hand, ecosystem growth and NFT adoption show promise for long-term value. On the other, big investor selling and a 51% drop over the past 60 days highlight the risks common with meme coins. Keep an eye on the $0.000015 to $0.000019 support range—holding this level could support a bullish case, while falling below it might confirm a bearish trend.

{{technical_analysis_coin_candle_chart}}

What is the latest news about BONK?

Bonk (BONK) is experiencing the typical ups and downs of a memecoin—quick price jumps followed by fragile gains. Here’s the latest update:

1. Memecoin Rally Returns (November 11, 2025) – BONK jumps 11.8% as traders get back into riskier assets.
2. Momentum Slows Down (November 10, 2025) – BONK’s trading volume spikes 82% but stalls at a key resistance level of $0.00001350.
3. NFT Market Recovery Doesn’t Help All (November 11, 2025) – BONK’s gains are overshadowed by uneven activity in the NFT market.

In-Depth Look

1. Memecoin Rally Returns (November 11, 2025)

Summary:
BONK’s price rose 11.8% this week, riding a wave of renewed interest in memecoins. The overall memecoin market grew by 11% to a total value of $52 billion. Despite ongoing concerns about U.S. government finances, BONK outperformed other popular memecoins like Dogecoin (+8.7%) and Shiba Inu (+10.4%).

What this means for you:
This is a positive sign for BONK, showing it remains a leading memecoin. However, to keep this momentum, BONK needs to stay above its 20-day moving average price of $0.0000124. Investors should be cautious if the overall crypto market fear/greed index stays low at 26/100, as this could lead to profit-taking.
(Source: CoinMarketCap)

2. Momentum Slows Down (November 10, 2025)

Summary:
BONK briefly broke through a resistance price of $0.00001320 with an 82% increase in trading volume, reaching 850 billion tokens traded. However, it couldn’t hold this gain and is now trading between $0.00001300 and $0.00001328. The Relative Strength Index (RSI), a measure of buying pressure, dropped from 73 to 58, indicating cooling momentum.

What this means for you:
The failed breakout suggests buyers are hesitant to push prices higher right now, though the pattern of higher lows hints that some accumulation is happening. For BONK to aim for its yearly resistance at $0.00001500, it needs to close above $0.00001350 on a daily basis. A bearish signal from the 4-hour MACD indicator warns that a price pullback is possible.
(Source: CoinDesk)

3. NFT Market Recovery Doesn’t Help All (November 11, 2025)

Summary:
While BONK’s price increased, the volume of NFT (non-fungible token) sales on the Solana blockchain dropped between 6% and 42% across most collections. Only a few, like Milady Maker, saw strong gains (+80%). BONK’s ecosystem currently lacks direct NFT-related features compared to competitors like Dogwifhat.

What this means for you:
This mixed picture is neutral for BONK. The strength in memecoin trading balances out the weaker NFT market. However, for BONK to grow sustainably, it will need to build stronger connections with Solana’s NFT and decentralized finance (DeFi) platforms. Keep an eye on developer activity around BONK-based gaming projects like Bonk Arena, which could signal wider adoption.
(Source: Cointribune)

Conclusion

BONK’s future depends on balancing its memecoin popularity with overcoming technical price barriers and expanding its ecosystem. While short-term traders may benefit from price swings, the bigger question is whether BONK can move beyond being just a speculative asset by adding real-world uses—or if it will continue to be influenced mainly by overall market mood.

What is expected in the development of BONK?

Bonk’s roadmap is focused on growing its ecosystem and reducing the total number of tokens in circulation to increase value.

1. 1 Trillion Token Burn (Q3 2025) – This will happen once Bonk reaches 1 million holders (it had 950,300 holders as of July 2025).
2. BonkFun Integrations (Q4 2025) – Stronger partnerships with decentralized finance (DeFi) platforms to increase Bonk’s usefulness.
3. Ongoing Ecosystem Projects – New launchpads, gaming updates, and community rewards to keep users engaged.

Deep Dive

1. 1 Trillion Token Burn (Q3 2025)

Overview:
Bonk plans to permanently remove (burn) 1 trillion tokens, which is about 1.2% of all tokens currently available, once it reaches 1 million holders. As of late July 2025, there were 950,300 holders (CoinMarketCap Community). Growth slowed in August, which may delay this burn event.

What this means:
This is a positive sign for BONK because reducing the number of tokens available can help support the token’s price by limiting supply. However, if the number of holders grows slowly or the overall market faces challenges, the impact might be less significant.

2. BonkFun Integrations (Q4 2025)

Overview:
BonkFun, which is behind 55% of new Solana memecoin launches, plans to deepen its partnerships with platforms like Jupiter and Raydium. Half of the fees collected by BonkFun will be used to buy back and burn BONK tokens, creating about $17 million per month in token reduction (CoinMarketCap Community).

What this means:
This is somewhat positive—BonkFun’s strong position helps Bonk grow, but relying heavily on one platform could be risky if competitors like Pump.fun gain ground.

3. Ongoing Ecosystem Projects

Overview:
Bonk’s future plans include launching a token launchpad called LetsBONK.fun, NFT staking, and charity projects like Buddies for Paws. Their game, Bonk Arena, will add team battles and NFT weapons, with half of the game’s revenue going toward burning tokens (Bravo Ready).

What this means:
This is positive for the long term because these projects add real-world uses for BONK, reducing dependence on just trading. Still, success depends on how well these projects attract and keep users.

Conclusion

Bonk’s roadmap aims to balance hype with real value by using token burns and expanding its ecosystem. The key question is whether Solana’s growth and BONK’s deflation strategies can help stabilize the token amid market ups and downs. Keep an eye on how fast the holder count grows and how much revenue BonkFun generates to understand where BONK is headed.

What updates are there in the BONK code base?

I wasn’t able to find useful information to answer this question right now. The CoinMarketCap team is continuously updating my crypto knowledge, so if any important details become available, I should have them soon. In the meantime, please feel free to choose another question or cryptocurrency for analysis.