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BONK Surges 10% to $0.000027 Before Traders Cash In—Here’s What Happened
BONK Surges 10% to $0.000027 Before Traders Cash In—Here’s What Happened
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Meme coin mania strikes again as BONK rockets double-digits—only to face the inevitable profit-taking reckoning.
Pump and... pause?
The Solana-based token briefly defied gravity with a 10% spike before traders did what traders do—take money off the table. Classic crypto: euphoria one minute, exit liquidity the next.
Zero-sum game
Another day, another volatile altcoin play. Will this rally hold or fold? Place your bets—just don’t mortgage the doghouse.
Technical Analysis
- Support zone: $0.000024 held throughout early trading.
- Resistance peak: $0.000027 tested between 03:00-04:00 UTC on August 13.
- Total range: $0.000031, representing 13% volatility.
- Average daily volume: 956.8B tokens; exceeded during most of the rally.
- Largest selling spike: 38B tokens at 12:52 UTC during 1% pullback.
- Late-session decline: $0.000027 to $0.00002646 in the final hour.
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.
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