3 hours ago
BONK, the Solana-based meme token, endured crisp terms swings during the past 24 hours, reflecting some selling unit and ample accumulation. The token moved wrong an 8% scope betwixt $0.0000197 and $0.0000212, yet consolidating adjacent $0.0000205.
The heaviest selling occurred during the Aug. 25 evening, erstwhile BONK fell astir 5% from $0.0000208 to $0.0000197 connected trading measurement exceeding 1.8 trillion tokens, substantially supra regular averages, according to CoinDesk Research's method investigation information model.
Buyers reentered astatine these levels, gathering method enactment astir $0.0000197 and driving prices backmost into a constrictive consolidation set betwixt $0.0000203 and $0.0000205.
Corporate information helped reenforce marketplace confidence. Safety Shot Inc., a Nasdaq-listed company, confirmed a $30 cardinal financing arrangement connected Aug. 25, with $25 cardinal denominated successful BONK tokens. The woody reflects rising involvement successful meme coins arsenic portion of broader firm concern strategies, underscoring BONK’s relation arsenic a cardinal Solana-based alternate to established meme assets.
BONK showed signs of resilience connected Tuesday, edging from $0.0000203 to $0.0000204 (a humble 0.3% gain). Notably, betwixt 11:49 and 11:56 UTC, trading enactment accelerated, with much than 17.5 cardinal tokens exchanged, suggesting liquidity remains robust adjacent during periods of consolidation.
This equilibrium betwixt organization adoption and heightened volatility positions BONK arsenic a intimately watched meme token wrong the Solana ecosystem.
Technical Analysis
- Range: $0.0000197–$0.0000212 (8% volatility).
- Correction: 5% diminution during the evening of Aug. 25.
- Volume Spike: 1.81 trillion tokens exchanged during selloff.
- Support Zone: Established adjacent $0.0000197.
- Consolidation: Prices held betwixt $0.0000203–$0.0000205.
- Momentum: 1% summation during rally supported by 17.5B tokens.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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