$BONK Sinks 14% – Grayscale Watchlist and 1 Trillion Token Burn Hint at Imminent Rebound
Main Idea
The article discusses the recent 14.5% decline in $BONK's value amid market pressure, while highlighting key developments such as a planned 1 trillion token burn and its inclusion in Grayscale's institutional watchlist, signaling potential future growth.
Key Points
1. $BONK's price dropped 14.5% due to market-wide pressure, but the project is nearing a milestone of 1 million on-chain holders, which will trigger a burn of 1 trillion tokens.
2. Grayscale added $BONK to its Q3 2025 institutional watchlist, boosting its credibility and potential for institutional interest.
3. Bonk has formed partnerships with Dabba Network and DeFi Development Corp., expanding its real-world utility in areas like internet connectivity and DeFi.
4. The article notes Bonk's growing ecosystem, including its use in Solana's NFT projects and as a reward mechanism, moving beyond its meme coin origins.
5. Technical analysis indicates $BONK/USDT has broken key support levels, suggesting potential further declines unless it reclaims the $0.00002950–$0.00003000 range with strong volume.
Description
$BONK has tumbled 14.5% amid market-wide pressure, yet a major deflationary event looms as adoption milestones approach. With key partnerships expanding real-world utility and Grayscale adding $BONK to its institutional watchlist, the current pullback contrasts sharply with the project’s accelerating ecosystem growth. Analysts suggest the price dip may represent a consolidation phase before the next push. Source: CoinMarketCap How Bonk’s Burning Strategy Is Reshaping Solana’s Future $BONK levera...
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