BONK fell nearly 6% in the last 24 hours, , 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 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 . For more information, see .