BONK racks up $33 mln in buys – But THIS might kill the buzz!

Key Points

1. BONK's price increased by 38% over the past week, with $33.22 million worth of tokens accumulated, including $31.44 million from spot market participants and $1.78 million from smart money investors.

2. Despite accumulation, broader market distribution continues to pressure BONK's price, with 31.88 trillion BONK sold in the past 24 hours.

3. Bullish signals include a breakout from a bullish chart pattern with an upside target of $0.00003900, though resistance levels at $0.00003461 and $0.00003680 remain.

4. The Accumulation/Distribution (A/D) ratio suggests distribution may be slowing, but if it resumes a downward trend, it could limit BONK's upside potential.