BONK Plummets 14% as Institutional Investors Flee in Risk-Off Panic

Memecoin bloodbath continues as BONK gets dumped by the suits.

Wall Street's paper hands strike again—retail left holding the bag while hedge funds 'de-risk' at a 14% discount. Classic.

When the going gets tough, the tough... sell your speculative dog-themed tokens first. Crypto winter just got frostier.

Technical Analysis Highlights

• Price dropped 13.6% over 24 hours.
• Trading ranged from $0.00003565 (high) to $0.00003062 (low), a 14.1% swing.
• Institutional selling spiked above 2.6 trillion tokens near resistance at $0.000036.
• Temporary support formed around $0.000031 with 1.48 trillion tokens absorbed.
• Final-hour decline saw BONK fall from $0.000032 to $0.000031, with 60B+ tokens traded.
• Algorithmic trading volumes surged between 13:53–14:03, a potential sign of stop-loss triggers.
• Quant models project possible further decline toward $0.000030 if resistance holds.

 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.