BONK Slides 5% as Large-Scale Liquidations Accelerate -

BONK Dips Below Key Support as Risk-Off Mood Grips Markets

Solana-based meme coin BONK slid nearly 5% over the past 24 hours, slipping from $0.000028 to $0.0000266, as broader market sentiment turned defensive amid renewed global macro concerns.

A rejection near $0.000029 around 16:00 UTC came alongside a spike in sell-side pressure, with over 764 billion tokens traded — a signal that larger holders may be offloading positions, based on CoinDesk’s technical indicators.

Buyers stepped in to defend the $0.000026 level, with notable surges in volume above 1.17 trillion tokens seen during the midnight and 08:00 UTC windows. However, these attempts failed to shift the trend, as downward momentum persisted.

The selling intensified during the European afternoon, with BONK falling an additional 3% intraday to a session low of $0.0000254. This move, triggered by a sharp volume spike of nearly 60 billion tokens at 13:54 UTC, marked a clear breakdown from the $0.000026 support zone.

Technically, the price action has carved out a descending channel pattern, reinforcing a bearish structure with further downside risks toward the psychologically important $0.000025 threshold.

BONK did stage a modest rebound in U.S. morning trading, briefly climbing back to $0.0000275, but the recovery lacked conviction and failed to restore bullish momentum.

Market-wide sentiment remains on edge following the introduction of new U.S. tariffs, which has prompted a flight from high-risk assets such as cryptocurrencies — a typical reaction during periods of economic uncertainty.

Technical Snapshot