BONK Slides 8% as Sellers Dominate, Volume Surges to 2.16 Trillion Tokens

BONK, the Solana-based meme token, slumped 8.4% to $0.0000345 after encountering strong resistance at the $0.000038 level, triggering a sharp reversal on unusually high volume.

The token had earlier rallied to $0.000038 before aggressive sell walls halted the advance, prompting a steep retracement. Trading volume surged to 2.16 trillion tokens — well above its 24-hour average of 1.46 trillion — signaling heightened liquidation activity, according to CoinDesk’s technical model.

An intraday high of $0.0000354 at 10:50 UTC was quickly met with renewed selling pressure, dragging BONK back below short-term resistance at $0.0000350. A failed breakout in the final hour and persistent volume spikes reinforced the bearish momentum.

Technical indicators now suggest BONK may retest key support levels near $0.0000335 unless fresh buying interest emerges. Traders remain cautious, with continued downside expected in the absence of a bullish reversal.

Technical Snapshot

• Price decline: 8.4% drop from $0.0000375 to $0.0000345
• Range: $0.0000338 – $0.000038 (11% intraday swing)
• Volume: 2.16 trillion tokens traded, surpassing the 1.46T average
• Key resistance: Confirmed at $0.000038 with rejection at 14:00 UTC
• Support zone: $0.0000338–$0.0000341
• Breakdown window: 11:12–11:18 UTC with over 20B tokens/minute traded
• Outlook: Bearish bias intact below $0.0000350