Bonk, the Solana-based meme-token, endured sharp price fluctuations over the last 24 hours, reflecting both sales pressure and large accumulation. The token moved within an 8% area between $ 0.0000197 and $ 0.0000212, which ultimately consolidated almost $ 0.0000205.
The heaviest sale happened during August 25, when Bonk fell approx. 5% from $ 0.0000208 to $ 0.0000197 on trading volume exceeding 1.8 trillion tokens, significantly above daily average, according to Coindesk Research’s technical analysis data model.
Buyers went into these levels, technical support built around $ 0.0000197 and driving prices back to a narrow consolidation tape between $ 0.0000203 and $ 0.0000205.
The company’s participation helped strengthen the confidence of the market. Safety Shot Inc., a Nasdaq-Bearing Company, confirmed a $ 30 million financing scheme on August 25 with $ 25 million that was churched in Bonk-tokens. The trade reflects increasing interest in Meme coins as part of broader corporate financing strategies, which emphasizes Bonk’s role as an important Solana-based alternative to established MEME assets.
Bonk showed signs of resilience on Tuesday that angled from $ 0.0000203 to $ 0.0000204 (a modest 0.3% gain). Especially between 11:49 and 11:56 UTC accelerated trading activity, with more than 17.5 billion tokens exchanged, suggesting that liquidity remains robust, even during periods of consolidation.
This balance between institutional adoption and increased volatility positions Bonk as a closely monitored meme -token within the Solana ecosystem.
Technical analysis
- Area: $ 0.0000197– $ 0.0000212 (8% volatility).
- Correction: 5% decrease in the evening of August 25.
- Volume Spike: 1.81 trillion tokens exchanged during sale.
- Support Zone: Established near $ 0.0000197.
- Consolidation: Prices contained between $ 0.0000203– $ 0.0000205.
- Momentum: 1% gain under rally supported by 17.5B -Tokens.
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