In early August 2025, Bonk (BONK) found itself caught in a
tug-of-war between hype-fueled meme coin momentum and cold, calculated
institutional exits. As large crypto funds and whale wallets began offloading
trillions of BONK tokens—likely locking in profits after July’s massive
rally—the meme coin’s price took a hit, slipping over 5% in a single session.
This sudden liquidation wave wasn’t just a random dip—it
revealed a deeper trend. High-volume sell-offs at key resistance zones (notably
around $0.000032–$0.000033) triggered cascading effects, with retail investors
reacting to the sharp volatility. The result: BONK dropped below the
psychological support at $0.000030, sending technical indicators into bearish
territory and setting off a wave of caution among short-term traders.
Despite this pressure, some analysts note that BONK's
underlying fundamentals—such as its upcoming token burn schedule and continued
GameFi expansion—may cushion the downside. Still, the event underscored a harsh
truth for meme tokens: when big wallets sell, the charts bleed quickly. BONK
now faces a defining moment—will it bounce back through organic demand, or will
institutional gravity continue to weigh it down?
