{"id":41554,"date":"2025-08-11T16:02:12","date_gmt":"2025-08-11T16:02:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41554"},"modified":"2025-08-11T16:02:12","modified_gmt":"2025-08-11T16:02:12","slug":"bonk-retreats-8-after-climbing-to-august-high","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41554","title":{"rendered":"BONK Retreats 8% After Climbing to August High"},"content":{"rendered":"
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BONK started the week on a volatile note, with the Solana-based memecoin climbing to an August high of $0.00002841<\/a> before sliding 8%.<\/p>\n

The advance marked one of its strongest levels in recent weeks, and was met with swift institutional trading that erased much of the early gains, according to CoinDesk Research’s technical analysis data model.<\/p>\n

Selling pressure accelerated between 11:00 and 13:00 UTC, when trading volumes surged to between 1.12 trillion and 2.16 trillion tokens. This could have been down to coordinated profit-taking, with large holders rotating out of positions. The sell-off drove BONK down 8% to a low of $0.00002554, a move that tested the key technical support near $0.00002620.<\/p>\n

The token saw a brief recovery at around 13:00 UTC following news a publicly traded company appeared to be planning on building a BONK treasury. Nasdaq-listed health beverage company Safety Shot (SHOT) agreed to purchase $25 million worth of the memecoin<\/a> in exchange for offering $35 million of SHOT shares to BONK’s founding contributors.<\/p>\n

While overhead resistance at $0.00002854 remains the primary technical barrier, BONK\u2019s ability to hold support and recover from heavy selling may provide the foundation for renewed upside momentum if positive market sentiment continues.<\/p>\n

Technical Analysis<\/h3>\n