{"id":39553,"date":"2025-07-30T13:16:46","date_gmt":"2025-07-30T13:16:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39553"},"modified":"2025-07-30T13:16:46","modified_gmt":"2025-07-30T13:16:46","slug":"bonk-sinks-12-as-meme-token-sector-faces-heavy-sell-off","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39553","title":{"rendered":"BONK Sinks 12% as Meme Token Sector Faces Heavy Sell-Off"},"content":{"rendered":"
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BONK experienced a steep 12% drawdown over the last 24 hours, declining from $0.0000317 to $0.0000276<\/a>, while the broader CoinDesk Memecoin Index<\/a> fell more than 8%. <\/p>\n

The price action unfolded within a broad $0.0000045 range, an intraday volatility of over 16%, with coordinated selling around the $0.0000322 level, where transaction volume surged to 1.03 trillion tokens, according to CoinDesk Research’s technical analysis data model.<\/p>\n

The most severe downward movement was observed at 20:00 UTC on Tuesday, with BONK dropping precipitously on a single-hour volume spike of 2.59 trillion tokens. <\/p>\n

The selloff could be linked to traders pre-positioning ahead of the Federal Reserve\u2019s upcoming FOMC announcement<\/a>. <\/p>\n

While technical support began forming around $0.0000280, sellers regained control, sending the token from $0.00002848 to $0.00002809, a 1.37% drop. <\/p>\n

Particularly notable was a five-minute interval from 10:47 to 10:52 UTC on July 30, when BONK fell 3.13% with over 60.6 billion tokens traded, underscoring the presence of aggressive automated liquidation activity, according to the model.<\/p>\n

Technical Analysis Highlights<\/h3>\n