
BONK Holds Steady After Sharp Swings, Corporate Backing Strengthens Outlook
BONK, the Solana-based meme token, stabilized near $0.0000205 following a turbulent 24 hours of price action marked by heavy selling and renewed accumulation.
Market Moves
The token swung within an 8% intraday range between $0.0000197 and $0.0000212. The steepest drop came on Aug. 25 when BONK slid 5% in a single session, driven by 1.8 trillion tokens exchanged, far surpassing average volumes. Buyers stepped in at the lows, establishing a new support floor around $0.0000197 before the token returned to a consolidation band of $0.0000203–$0.0000205.
Corporate Catalyst
Investor sentiment was reinforced after Safety Shot Inc., a Nasdaq-listed company, confirmed a $30 million financing deal, with $25 million structured in BONK tokens. The move underscores how meme coins are increasingly finding their way into corporate balance sheet strategies, positioning BONK as a rising alternative within the Solana ecosystem.
Liquidity Trends
Even amid consolidation, trading activity remained elevated. On Tuesday, BONK edged 0.3% higher from $0.0000203 to $0.0000204, while a burst of activity between 11:49–11:56 UTC saw 17.5 billion tokens change hands, signaling strong liquidity conditions.
Technical Levels
- Support: $0.0000197
- Resistance: $0.0000212
- Momentum: Recovery attempts supported by high volume
- Pattern: Consolidation after selloff suggests possible accumulation phase
With both volatility and institutional participation rising, BONK continues to attract close attention as a key Solana-based meme asset navigating corporate adoption and speculative demand.
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