BONK Plummets 5% Amid Heavy Institutional Sell-Off—Buying Opportunity or Dead Cat Bounce?

Memecoin bloodbath continues as BONK takes a 5% hit—institutional whales are dumping, but retail hodlers cling to hopium.

Who's left holding the bag?

Wall Street's usual 'buy high, sell low' strategy strikes again—just as retail starts FOMO-ing into the 'next DOGE.' Meanwhile, crypto Twitter insists this is 'healthy consolidation' before the next leg up. Sure it is.

Pro tip: When hedge funds zig, maybe it's time to zag. Or just grab popcorn and watch the leverage get liquidated.

Technical Analysis

• BONK fell 7% from $0.000028 to $0.000026 over the 24-hour period
• Firm resistance at $0.000029 confirmed by 764.44B tokens in sell volume
• Heavy buying near $0.000026 failed to hold amid 1.17T+ token volume spikes
• 3% drop from $0.000026 to $0.0000254 in final hour, led by 59.77B tokens at 13:54
• Lower highs and a breakdown from the $0.000026 support confirm bearish channel pattern

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