BONK Surges 10% to $0.000027—Then the Profit-Takers Strike
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Meme coin mania strikes again as BONK rockets double-digits—only to face the inevitable sell-off.
Pump and chump: The dog-themed token briefly kissed $0.000027 before traders cashed out. Classic crypto volatility plays out in real-time.
Warning signs flash: Every 10% gain attracts twice as many bagholders. Meanwhile, Wall Street still charges 2% fees for index funds that trail Bitcoin.
Technical Analysis
- Support zone: $0.000024 held throughout early trading.
- Resistance peak: $0.000027 tested between 03:00-04:00 UTC on August 13.
- Total range: $0.000031, representing 13% volatility.
- Average daily volume: 956.8B tokens; exceeded during most of the rally.
- Largest selling spike: 38B tokens at 12:52 UTC during 1% pullback.
- Late-session decline: $0.000027 to $0.00002646 in the final hour.
Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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