BONK Experiences Volatility Amid $11.41 Million Token Unlock Event
BONK Price Analysis
- BONK fluctuated between $0.00001991 and $0.00002123, showing a 45% trading spread.
- A scheduled token unlock of $11.41 million increased selling pressure, causing the price to drop to $0.00001991.
- Trading volume surged above 1.15 trillion tokens during this decline.
- The price rebounded from the support level at $0.00001990, recovering to $0.00002056.
- Investor attention is on Safety Shot’s $30 million financing deal involving BONK tokens.
Technical Insights
- Resistance is near $0.00002120, limiting further price increases.
- Short-term volatility has narrowed to a 0.24% spread around $0.00002053–$0.00002058.
- Volume spikes over 27.3 billion tokens indicate ongoing accumulation.