BONK Drops 14% as Institutional Selling Accelerates in Risk-Off Environment
Main Idea
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Description
BONK, a Solana-based meme token, slid 14% in the last 24 hours, falling from $0.000035 to $0.00003096 . The token experienced elevated volatility, with trading volume exceeding 2.39 trillion BONK, suggesting aggressive repositioning among institutional participants. Market resistance was established early around the $0.000036 level, where sell-side pressure surged, coinciding with order book data showing institutional liquidations totaling more than 2.6 trillion tokens, according to CoinDesk Res...
$SOL
$179.89
-1.01%
$QNT
$120.92
+0.27%
$BONK
$0.000028329
-2.30%
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