BONK Rebounds From Unlock Selloff, Consolidates as Safety Shot Adds Tokens to Treasury
BONK saw sharp swings over the past 24 hours, dropping during a scheduled token unlock before recovering and settling into a tighter trading range. The token moved between $0.00001991 and $0.00002123, a 45% spread that highlighted heightened volatility.
Selling pressure intensified late on Sept. 1 as $11.41 million worth of tokens entered circulation. BONK slid from $0.00002102 to $0.00001991 at 21:00 UTC, with trading volumes surging above 1.15 trillion tokens, according to CoinDesk Research data.
Strong demand emerged at the $0.00001990 support level, sparking a recovery. By early Tuesday in Europe, BONK had rebounded to $0.00002056, showing signs of stabilization as price action narrowed.
Investor focus also centered on Safety Shot’s $30 million financing, in which $25 million was raised using BONK. The NASDAQ-listed firm became the first publicly traded company to add the meme token to its treasury—a symbolic milestone for BONK’s adoption.
Technical Picture
- Range: $0.00001991–$0.00002123 (45% spread).
- Unlock-driven drop Sept. 1 saw 1.15T tokens traded in one hour.
- Support held at $0.00001990.
- Recovered to $0.00002056 on Sept. 2.
- Resistance capped near $0.00002120.
- Intraday volatility compressed to ~0.24% at $0.00002053–$0.00002058.
- Volume spikes above 27.3B tokens point to continued accumulation.
