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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

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-07-09 12:38:02
0

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.

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