BONK Finds Support After Unlock-Driven Selloff; Corporate Deal Boosts Focus
BONK faced sharp volatility over the past 24 hours, swinging between $0.00001991 and $0.00002123 in a 45% trading spread. The turbulence highlighted investor sensitivity to token unlock schedules and broader sentiment shifts.
Late on Sept. 1, selling pressure accelerated as a planned $11.41 million unlock hit the market. BONK slipped from $0.00002102 to $0.00001991 at 21:00 UTC, with trading volumes spiking beyond 1.15 trillion tokens, according to CoinDesk Research data.
The decline found a floor at $0.00001990, where demand re-emerged. By early Tuesday morning in Europe, the token had recovered to $0.00002056, consolidating into a narrower band and suggesting a near-term stabilization phase.
Traders are also watching Safety Shot’s $30 million financing round, in which $25 million was raised in BONK tokens. The move made the NASDAQ-listed company the first to hold the meme coin as part of its treasury, a symbolic milestone for BONK’s adoption.
Technical Highlights
- Range: $0.00001991–$0.00002123 (45% spread).
- Sept. 1 unlock selloff saw 1.15 trillion tokens traded in one hour.
- Strong support held at $0.00001990.
- Recovery carried BONK from $0.00002035 to $0.00002056.
- Resistance remains at $0.00002120.
- Volatility narrowed to ~0.24% around $0.00002053–$0.00002058.
- Volume spikes of 27.3B+ tokens indicate ongoing accumulation.
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