BONK Holds Key Support Despite 8% Volatility as Galaxy Transfer, Binance Update Drive Activity
Solana-based memecoin BONK endured sharp price swings over the last 24 hours, trading within an 8% intraday range from $0.0000328 to $0.0000358 before closing 4% lower at $0.00003494. Despite the pullback, the token maintained critical support around the $0.000033 mark — a level reinforced by strong buyer interest and elevated trading volumes.
The volatile session included a brief rally that lifted BONK to its daily high, but gains were quickly tempered by profit-taking. More than 100 billion tokens exchanged hands, reflecting heightened engagement from market participants amid shifting sentiment.
The activity was driven by two key developments. Galaxy Digital moved $11.4 million worth of BONK to Binance after amassing a $30 million position — a transaction that drew market attention but was not viewed as outright selling. Meanwhile, Binance removed BONK’s “Seed Tag,” signaling improved risk assessments and increasing institutional acceptance.
Additionally, BonkFun, BONK’s native launchpad platform, continued to dominate the memecoin space, generating $19.3 million in weekly fees for the second straight week — highlighting the ongoing traction within the broader BONK ecosystem.
While volatility remains elevated, BONK’s ability to defend its support zone suggests resilience in its market structure. The combination of sustained community activity, growing institutional involvement, and technical support could provide a foundation for further price stability or recovery.
Technical Recap:
- Trading Range: $0.0000328–$0.0000358 (8% fluctuation)
- Support Level: Strong interest at $0.000033
- Volume: Over 100 billion tokens traded during key levels
- Intraday High: Brief rally to $0.000036 before closing lower
With both retail and institutional interest converging, BONK remains a closely watched asset amid the evolving memecoin landscape.
