BONK Gains 8% in Anticipation of Massive Trillion-Token Burn

BONK Rallies Ahead of Major Token Burn, Faces Resistance at Key Price Level

Solana-based meme coin BONK posted an 8.39% gain, rising from $0.000028 to an intraday peak of $0.00003 before slipping back to $0.000029. The move extended its bullish trend, with price action continuing to form higher lows and consolidate within the $0.000027–$0.000028 support zone.

Despite positive momentum, BONK met firm resistance near the $0.00003 threshold, triggering a 1.58% pullback amid increased trading volume. Analysts view the decline as localized profit-taking, rather than a breakdown in structure.

Fueling the rally is anticipation of a deflationary event: BONK’s protocol will burn 1 trillion tokens upon reaching 1 million on-chain holders. The burn—one of the largest in the token’s history—would significantly cut circulating supply and could serve as a catalyst for further upside.

Technical Snapshot:

• Price range: $0.000027 to $0.00003 (+10.7%)
• Resistance established at $0.00003, followed by short-term rejection
• Volume spike during pullback suggests temporary profit-taking
• Uptrend remains intact, supported by higher lows
• Deflation narrative driving accumulation interest

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