BONK has seen a 9% decrease due to a surge in transfers on exchanges, putting pressure on the price ....
July 26, 2025
BONK, which is a meme coin based on the Solana blockchain, experienced significant volatility over the weekend in a 24-hour period.
During this time, there was a price fluctuation of about 15%, with the price rising from $0.00003185 to $0.00003763.
This increase started after the announcement of burning 500 billion tokens, which indicated a reduction in supply and temporarily raised the price. However, shortly after, a wallet linked to Galaxy Digital transferred approximately $18.75 million worth of BONK tokens to major crypto exchanges, resulting in a 9% decrease in price within just one hour.
Despite this price decline, BONK has shown stability above $0.00003400, and strong support levels have remained between $0.00003185 and $0.00003230.
According to CoinDesk's technical analysis report, trading activity increased as there were mixed signals in the market: on one hand, a positive trend due to reduced supply from token burning, and on the other hand, selling pressure due to the transfer of a large number of tokens.
In the crypto market, due to a general decline in Bitcoin's market dominance, there has been an increase in trading volume of altcoins and meme tokens. BONK has attracted the attention of institutional and retail investors; however, uncertainty remains in its price due to volatility and sensitive reactions to on-chain activities.
From a technical perspective, BONK tested price levels multiple times throughout the day and demonstrated price stability in a short time. Ultimately, despite the price decline, bearish pressure appeared to be easing, which could indicate a move towards price stabilization.
All these factors indicate that the price of BONK may continue to fluctuate in the near future due to technical and market factors ....
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