Why did the price of BONK fall?

Bonk (BONK) dropped 0.62% over the past 24 hours, contributing to a larger 8% decline over the week. The main reasons behind this include weakness in the meme coin market, negative technical indicators, and large investors (whales) buying while everyday traders sell.

1. Meme coin market struggles – After a $150 billion bubble burst in 2025, meme coins are seeing widespread selling pressure.
2. Technical signals point down – BONK’s price is below important moving averages, suggesting downward momentum.
3. Whales buying, retail selling – Big holders are accumulating BONK, but regular investors are taking profits.

Deep Dive

1. Meme Coin Market Weakness (Negative Impact)

Overview:
The meme coin market has dropped 69% since its peak in December 2024 (CoinGecko), and BONK has followed this trend. New meme coins like HTTPS and UNITY on the Solana blockchain have split up the available trading activity, while well-known tokens like PEPE have lost about 80% of their value over the past year.

What this means:
Meme coins are especially vulnerable when investors become cautious (the Fear & Greed Index is at 27/100, indicating fear). BONK’s 46% drop over the last 60 days matches the underperformance of other Solana-based tokens compared to Bitcoin, which has gained 59% dominance.

What to watch:

• Activity on the Solana network, which is currently experiencing congestion (news)
• The share of meme coins in the total cryptocurrency market, currently just 0.5%

2. Technical Breakdown (Negative Impact)

Overview:
BONK’s price is trading below key exponential moving averages (EMAs): the 7-day EMA at $0.0000082 and the 30-day EMA at $0.0000092. The Relative Strength Index (RSI) is at 34.56, showing bearish momentum. The MACD indicator has turned negative, confirming selling pressure.

What this means:
BONK’s price is close to an important support level at $0.0000075. If it falls below this, automated trading systems might trigger further selling, potentially pushing the price down to the 2025 low of $0.00000428.

Key levels to watch:

• Resistance: $0.00000806 (7-day Simple Moving Average)
• Support: $0.00000750 (June 2025 low)

3. Whale Accumulation vs. Retail Selling (Mixed Impact)

Overview:
The top 10 BONK wallets increased their holdings by 3.2% in December (AlphaWhalesX), while everyday traders have been selling, as seen in an 8% drop in 24-hour trading volume.

What this means:
When whales buy, it can signal a potential price rally, but this needs to be confirmed by a rise in overall trading volume. Currently, 24-hour volume is $51.2 million, much lower than the $543 million peak seen in July 2025.

Conclusion

BONK’s recent decline highlights the vulnerability of meme coins in cautious markets, combined with weak technical signals. Although large investors are accumulating BONK, most retail traders are staying on the sidelines. Key point to watch: Will BONK hold the $0.0000075 support level, or will ongoing issues with the Solana network lead to further losses? Keep an eye on the 7-day moving average crossover for signs of a trend reversal.

What could affect the price of BONK?

BONK’s price is caught between two forces: the supply-reducing effect of token burns and the unpredictable swings common to meme coins.

1. Token Burns & Growing Holders – BONK plans to burn 1 trillion tokens once it hits 1 million holders (currently over 950,000 as of July 2025), which could reduce supply and support price.
2. BonkFun’s Market Share – BonkFun controls 55% of new Solana memecoin launches, driving buybacks, but faces competition from other platforms.
3. Dependence on Bitcoin and Solana – BONK’s price moves closely with Bitcoin, and the health of the Solana network also plays a key role.

In-Depth Look

1. Supply and Token Burns (Potentially Positive)

BONK has a plan to burn (permanently remove) 1 trillion tokens—about 1.2% of the total supply—once it reaches 1 million holders, according to a community update from July 2025. With nearly 950,000 holders already, this milestone could be reached soon. These burns are partly funded by 35% of fees collected by BonkFun, which was generating around $17 million per month for buybacks in mid-2025.

What does this mean?
Burning tokens reduces the total supply, which can help increase the price if demand stays steady. However, the growth rate of new holders has slowed recently (2.1% weekly in August compared to 5.4% in July), which could delay the burn event. Past burns, like the 500 billion tokens burned in May 2025, led to short-term price increases but didn’t stop overall downward trends in the market.

2. Ecosystem Competition (Mixed Effects)

BonkFun currently dominates the Solana memecoin launch space with 55% market share. However, competitors like Pump.fun are making a comeback. A recent partnership with dYdX announced in December 2025 aims to share fees from BONK perpetual contracts, potentially increasing BONK’s usefulness. At the same time, new Solana memecoins such as FARTCOIN and WIF are attracting speculative investors.

What does this mean?
BonkFun’s strong position helps create network effects, but users switching to other platforms (23% moved from Pump.fun in July) could split revenue and slow growth. BONK’s integration into decentralized finance (DeFi) and gaming—like Bonk Arena’s kill-to-earn feature—adds real-world use cases, but success depends on keeping users engaged over time.

3. Market and Sentiment Risks (Potentially Negative)

BONK’s price has become closely linked to Bitcoin’s, with a 90-day correlation of 0.82 in late 2025, according to CoinGecko. Bitcoin’s dominance in the crypto market stands at 59%, and the Fear & Greed Index is at 27, signaling extreme fear among investors. This environment makes meme coins like BONK vulnerable to sudden drops in liquidity.

What does this mean?
BONK’s volatility is about twice that of Bitcoin, making it sensitive to shifts in investor risk appetite. The memecoin sector saw a 69% crash between 2024 and 2025, showing how quickly hype can fade. However, BONK’s recent addition to Grayscale’s watchlist could attract more institutional interest, providing some support.

Conclusion

BONK’s future depends on successfully executing token burns despite slower holder growth, maintaining its lead in the Solana memecoin ecosystem, and managing the ups and downs tied to Bitcoin’s price. While deflationary token burns and Solana’s improving network offer potential upside, BONK remains a highly speculative asset influenced by market sentiment.

What to watch this week: Can BonkFun keep more than 50% market share as the dYdX governance vote on December 11 approaches?

What are people saying about BONK?

The BONK (BONK) community is divided between hopeful excitement driven by memes and cautious technical analysis. Here’s what’s currently happening:

1. Technical traders are watching the $0.00000842 price level closely—it could determine whether BONK’s price moves up or down.
2. A $50 million grants program is encouraging growth in the BONK ecosystem, especially as large holders (whales) accumulate more tokens.
3. A countdown to burning 1 trillion tokens (with the goal of reaching 1 million holders from the current 950,000) is sparking speculation about a potential supply shortage.

Deep Dive

1. @FinoraAI_DE: Key resistance level suggests possible price drop

"Price is facing rejection between $0.00000818 and $0.00000826—this is a good point to consider selling if bearish signals appear. Support at $0.00000794 is very important."
– @FinoraAI_DE (661 followers · 10,997 posts · 2025-12-23 02:18 UTC)
View original post
What this means: Short-term technical indicators suggest the price could fall by about 8% if it breaks below the support level.

2. @genius_sirenBSC: Grants program boosts adoption and trading volume

"200,000 NFTs were staked within hours after launch, and the Huobi exchange listing caused a 137% increase in trading volume. Large holders removed 12% of circulating tokens from exchanges."
– @genius_sirenBSC (79.2K followers · 33,973 posts · 2025-07-06 14:41 UTC)
View original post
What this means: Despite some price weakness, strong fundamental factors like the grants program and reduced token availability on exchanges (lowest in 18 months, according to Nansen) are supporting BONK’s ecosystem growth.

3. @bonk_inu: Token burn milestone approaches, community engagement remains high

"gBONK" (accompanying GIF shows burning animation)
– @bonk_inu (451K followers · 9,102 posts · 2025-08-05 15:42 UTC)
View original post
What this means: The official BONK account is keeping the community excited about the upcoming burn of 1 trillion tokens, which will happen once the holder count reaches 1 million. Although the burn has been delayed, interest remains strong.

Conclusion

Opinions on BONK are mixed. On one hand, the Solana blockchain ecosystem is growing, and improvements like token burns and staking add real value. On the other hand, technical analysis points to ongoing downward pressure if key price levels don’t hold. Keep an eye on the weekly growth of token holders—currently about 0.8% per week. If this pace continues, BONK could reach the 1 million holder milestone and trigger the big token burn by mid-January 2026.

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What is the latest news about BONK?

BONK is managing the ups and downs of meme coin markets by using smart token burns and growing its ecosystem, even as large holders (whales) sell off their tokens. Here are the key updates:

1. Fee Changes for BONK Buybacks (December 4, 2025) – Over half (51%) of platform fees are now used to buy back BONK tokens.
2. Swiss ETP Launch (December 6, 2025) – BONK’s first regulated exchange-traded product (ETP) goes live on a Swiss stock exchange.
3. Countdown to Burning 1 Trillion Tokens (December 21, 2025) – BONK plans a big token burn once it reaches 1 million holders.

In-Depth Look

1. Fee Changes for BONK Buybacks (December 4, 2025)

What happened:
BONK.fun increased the portion of its fees used to buy BONK tokens for its Decentralized Autonomous Treasury (DAT) from 10% to 51%. This replaces older buy-and-burn methods, aiming to reduce the number of tokens in circulation and support price stability over time.

Why it matters:
This is generally positive for BONK because regular buybacks can lower the available supply, which may help the price. However, if large holders sell off their tokens at the same time, it could offset these gains. (CoinMarketCap)

2. Swiss ETP Launch (December 6, 2025)

What happened:
Bitcoin Capital AG introduced a BONK exchange-traded product (ETP) on the SIX Swiss Exchange. This allows both institutional and retail investors to invest in BONK without needing to hold the cryptocurrency directly.

Why it matters:
This move adds legitimacy to BONK in traditional finance circles and could attract new investors. However, it hasn’t yet caused major price changes, and most trading still happens in more speculative markets. (CoinMarketCap)

3. Countdown to Burning 1 Trillion Tokens (December 21, 2025)

What happened:
BONK plans to burn 1 trillion tokens, which is about 1.2% of the total supply, once it reaches 1 million holders. Currently, there are around 950,000 holders, and daily token unlocks are adding selling pressure until that milestone is reached.

Why it matters:
If the burn happens, it could boost BONK’s value by reducing supply. But in the short term, expect price swings as large holders move 510 billion BONK (worth about $18.75 million) to exchanges, potentially increasing sell pressure. (CoinMarketCap)

Conclusion

BONK is balancing deflationary strategies and growing institutional interest against ongoing selling by large holders and the general volatility of meme coins. The upcoming 1 trillion token burn could create a supply shock, but early investor selling might still weigh on the price. Keep an eye on how the number of holders grows and the flow of tokens in and out of exchanges for signs of what’s next.

What is expected in the development of BONK?

Bonk’s roadmap is focused on increasing its usefulness, reducing the total token supply, and growing its overall ecosystem.

1. 1 Trillion Token Burn (Q1 2026) – Planned token burn once Bonk reaches 1 million holders.
2. BonkFun Ecosystem Expansion (Ongoing) – Leading the way in new Solana-based memecoin projects.
3. Validator Partnerships (H2 2026) – Upgrading network infrastructure with institutional partners.

Deep Dive

1. 1 Trillion Token Burn (Q1 2026)

Overview: Bonk intends to permanently remove (burn) 1 trillion tokens, which is about 1.2% of all tokens currently available, once it hits 1 million holders. As of late July 2025, Bonk had around 950,300 holders (CoinMarketCap Community). This burn is designed to reduce supply as demand grows, with daily active users increasing by 37% compared to last year.

What this means: This move is generally positive for BONK because reducing supply can increase the token’s value if demand stays strong. However, the timing depends on how quickly new holders join, which slowed down in August 2025 compared to July.

2. BonkFun Ecosystem Expansion (Ongoing)

Overview: BonkFun currently controls 55% of new memecoin launches on the Solana blockchain (Yahoo Finance). It generates about $17 million per month by buying back BONK tokens through a 50% fee on transactions. The team plans to integrate more deeply with popular Solana decentralized finance (DeFi) platforms like Jupiter and Raydium by late 2026.

What this means: This is somewhat positive—BonkFun’s dominance helps build a strong network effect, but there’s a risk users might switch to other platforms (23% of BonkFun users came from a competitor, Pump.fun, in July 2025). Keeping users engaged will be key.

3. Validator Partnerships (H2 2026)

Overview: In May 2025, Bonk teamed up with Nasdaq-listed DeFi Development Corp to run a validator node, which helps secure and decentralize the Solana network (CoinMarketCap Community). This partnership could attract more institutional investors and improve network security.

What this means: This is cautiously optimistic—upgrading validators can increase trust and stability, but it depends on continued interest from big investors.

Conclusion

Bonk’s roadmap combines reducing token supply, expanding its ecosystem, and improving infrastructure. The planned token burn and BonkFun’s strong position offer potential growth, but success depends on attracting more holders and the overall health of the Solana network. Will BONK keep up demand if excitement around ETFs fades and Bitcoin regains dominance?

What updates are there in the BONK code base?

BONK’s code recently added a system to track wallets that lock their tokens, helping support rewards and incentives within its ecosystem.

1. Locked Wallet Snapshots (Dec 15, 2025) – Weekly reports in JSON format showing wallets that lock BONK tokens for set periods.
2. Rewards Integration (Jun 19, 2024) – Standardized data to make airdrops and community rewards easier to manage.

Deep Dive

1. Locked Wallet Snapshots (Dec 15, 2025)

Overview: BONK now creates weekly JSON reports listing wallets that lock their tokens for 1, 3, or 6 months. This helps keep things transparent when distributing rewards or airdrops.

The reports follow a clear naming system (locked_wallets_unique_<timestamp>_duration.json) and count each wallet only once per lock period, even if it has multiple locks. This data helps projects fairly distribute rewards and understand how users are locking their tokens.

Why it matters: This is good news for BONK because it encourages holders to keep their tokens locked longer, which can reduce selling pressure. The added transparency might attract more developers to build on BONK’s platform.
(Source)

2. Rewards Integration (Jun 19, 2024)

Overview: Earlier updates made the data format consistent for easier integration of BONK rewards into other platforms, simplifying how airdrops are given out.

The system now uniquely identifies wallets based on how long they lock tokens, preventing double rewards. This helps programs like Bonk Rewards automatically check who qualifies for rewards, such as stakers or liquidity providers.

Why it matters: This is a technical improvement behind the scenes. While it doesn’t directly impact BONK’s value, it sets the stage for bigger community rewards programs that could boost adoption if paired with strong partnerships.
(Source)

Conclusion

BONK’s recent code updates improve how locked tokens are tracked and how rewards are managed, supporting its community-focused goals. Though these changes are mostly technical, they prepare BONK to take better advantage of growth in the Solana ecosystem. The key question is whether these improved tools will lead to more developer activity and long-term growth.