BONK Announces 51% Fee Allocation for DAT BONK Acquisition

BONK.fun Fee Structure Update

  • BONK.fun, a Solana meme coin generator, has updated its fee structure.
  • 51% of fees will now go towards BONK accumulation via the BNKK Decentralized Autonomous Treasury (DAT).
  • This reallocation comes from 35% Buy/Burn, 4% SBR, and 2% BONK rewards categories, adding to an existing 10% for BNKK DAT.
  • The goal is to reach 5% of BONK's circulating supply in strategic reserves.

Market and Price Analysis

  • BONK trades at $0.000009924, down 14% over the past month.
  • Maintains a market cap above $800 million with a trading volume of $93 million.
  • FiCAS AG’s Bitcoin Capital issued a BONK ETP on SIX Swiss Exchange for regulated access.

Technical Indicators

  • BONK is trading within a descending channel since late summer peak.
  • Current price: $0.00000974, near lower Bollinger Band at $0.000008576.
  • RSI at 44.54; MACD shows slight positive separation.
  • Low volatility with ATR at 0.0000008307.

BONK inside descending channel

Potential Breakout Scenarios

  • A breakout above $0.00001100 could lead to testing $0.00001500.
  • Failure to hold $0.00000850 may lead to a drop towards $0.00000700.