BONK navigated sharp swings during the last 24 hours, fluctuating between $0.00001991 and $0.00002123, a forty five% buying and selling unfold that underscored heightened volatility.
Promoting strain intensified late on Tuesday amid a scheduled $11.41 million token unlock, with the token dropping from $0.00002102 to a low of $0.00001991 at 21:00 UTC. This transfer was accompanied by a quantity spike surpassing 1.15 trillion tokens, based on CoinDesk Analysis’s technical evaluation knowledge mannequin.
Regardless of the decline, BONK rebounded on the $0.00001990 help degree. By the beginning of the European morning Tuesday, the token had recovered to $0.00002056, consolidating inside a narrower vary and signaling potential stabilization after the selloff.
Investor focus stays on Security Shot’s $30 million financing deal, during which $25 million was funded by way of BONK tokens, a landmark transfer because the NASDAQ-listed firm turned the primary so as to add the meme coin to its treasury.
Technical Evaluation
- BONK traded in a forty five% vary between $0.00001991 and $0.00002123.
- Heavy promoting Sept. 1 drove quantity to 1.15 trillion tokens between 20:00–21:00 UTC.
- Help held at $0.00001990 amid robust institutional shopping for curiosity.
- Restoration noticed worth climb from $0.00002035 to $0.00002056 on Sept. 2.
- Resistance recognized close to $0.00002120 as sellers capped additional upside.
- Brief-term volatility narrowed to a 0.24% unfold round $0.00002053–$0.00002058.
- Quantity spikes above 27.3 billion tokens at 09:50 UTC prompt continued accumulation.
Disclaimer: Components of this text have been generated with the help from AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.
