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BONK Tumbles 6% Amid Sell-Off Frenzy—Bonk.fun Growth Can’t Stop the Bleeding

BONK Tumbles 6% Amid Sell-Off Frenzy—Bonk.fun Growth Can’t Stop the Bleeding

Author:
CoindeskEN
Published:
2025-07-09 12:38:02
6
3

BONK Slides 6% as Sellers Dominate, Despite Growth of Bonk.fun

Memecoin mania hits a speed bump as BONK slides despite ecosystem hype.

Here's why traders are dumping the dog-themed token.

Bonk.fun's expansion gets overshadowed by bearish momentum.

Another day, another crypto asset defying fundamentals—because when has that ever stopped a meme rally?

Technical Analysis Highlights

  • BONK dropped 6% from $0.000023 to $0.00002161 over 23 hours.
  • $0.000023 was rejected with a 752.4 billion volume surge at 18:00 UTC.
  • Multiple failed bounces at $0.000022 despite 716.32 billion in turnover confirmed weakening support.
  • Price tested the $0.000021–$0.000022 zone repeatedly, now acting as a new base.
  • Short rally from 08:55-09:54 UTC reached $0.000022, with a 43.08 billion spike at 09:44.
  • Resistance at $0.000022–$0.0000222 remains intact, keeping BONK in a tight range.

 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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