๐ถ๐ธ BONK Faces Major Cooldown After July Rally! ๐ป
After a whopping +79.6% rally in July, Solana-based meme coin $BONK is now feeling the heat of profit-taking and market fatigue ๐ฅ๐ฌ
๐ As of today, BONK is down over 1%, trading near $0.00002405 โ a 42% drop from its July peak of $0.00004074 ๐
๐ Whatโs weighing BONK down?
๐ซ Bearish sentiment across broader crypto
๐ฑ Declining funding rates (from 0.0256% โ 0.0052%)
โ ๏ธ Is this a healthy correctionโฆ or the beginning of meme coin exhaustion?
