Bonk Is Looking Wobbly as Whales Rage Quit
Bonk ain’t bonking right now. The second-biggest meme coin on Solana is getting seriously nerfed, and the whales are the first to dip.
Trading at $0.00002053, its already down 20% from its monthly high. And now, both smart money and whales are saying, “Yeah, we’re out.” Wallets holding millions to trillions of the token are dumping tokens like it’s hot, with one tier shedding 500M coins since December. Oof.
Even smart money — the peeps who usually buy the bottom and sell the top — have cut their holdings in half. Their bags went from 33.4B to just 15.6B. Big yikes.
To make it worse, Bonk balances on exchanges are rising. Translation? More people are getting ready to sell. Combine that with a nasty-looking double-top and a bearish pennant on the charts, and we could be headed for a nasty dip.
Analysts say if it breaks below $0.00001815, we might slide all the way to $0.00001730. So yeah… unless a miracle memecoin pump hits, it might be in for some pain.
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