💥#Bonk : Bullish Momentum Threatened by Market Distribution

Bonk ($BONK ) has experienced a remarkable surge of 38% in the last week, with both retail and "smart money" investors acquiring over $33 million in tokens.

Spot market participants bought $31.44 million, suggesting a long-term outlook, while "smart money" investors contributed $1.78 million, the largest inflow for a Solana memecoin.

In the last 24 hours, the distribution volume reached 31.88 trillion BONK, outpacing purchases and posing a significant challenge to maintain long-term bullish momentum.