The Solana-based meme token saw heavy selling before late buying lifted prices off intraday lows
Aug 12, 2025, 3:18 p.m.
BONK fell nearly 6% in the last 24 hours, dropping from $0.00002606 to $0.00002436 in a move that carved out a $0.0000028 range, roughly 10% of its trading spectrum.
The decline accelerated after the token failed to hold gains near $0.000027 on Aug. 11, where volume spiked to 1.13 trillion tokens, well above the 24-hour average of 708 billion, according to CoinDesk Research’s technical analysis data model.
Selling pressure persisted into the morning of August 12, with BONK finding firm support around $0.000024 at 10:00 UTC on 889 billion tokens traded.
BONK did see a bounce at the start of U.S. morning, when buyers stepped in and pushed the price up 3% to $0.000025.
The rebound signaled possible short-term stabilization after the extended drawdown, forming $0.000024 as a key support to avoiding further downside.
The volatility comes the day after Nasdaq-listed Safety Shot disclosed a $25 million corporate treasury purchase linked to BONK ecosystem development through its stake in the Bonk.fun launchpad — a move viewed by some analysts as a sign of increasing mainstream exposure for the meme coin sector.
Technical Analysis
- Trading Range: $0.00002398–$0.00002674, a 10% spread over 24 hours.
- Resistance: Multiple rejections near $0.000027 on August 11 with high volume.
- Support: Strong base near $0.000024 on August 12 with 889B tokens traded.
- Volume Spike: 145B tokens during breakout from consolidation at 12:30 UTC.
- Recovery Move: 3% gain from $0.000024 to $0.000025 between 11:49–12:48 UTC.
- Breakout Trigger: Price cleared $0.000025 resistance at 12:22 UTC.
- Market Context: Bounce follows several days of heightened volatility in memecoins.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Jamie Crawley
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
CD Analytics
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
More For You
BONK Jumps 10% to $0.000027 Before Profit-Taking Hits
BONK posts its strongest daily rally in weeks, hitting $0.000027 before selling pressure caps gains.
What to know:
- BONK gained 10% in 24 hours, reaching $0.000027 before some profit-taking brought a small pullback.
- Support held at $0.000024 during early trading, fueling an overnight breakout.
- Volume spikes suggest institutional activity amid heightened volatility.
