BONK holders have two separate risks to track right now. A governance proposal transferred 4.426T $BONK from the BonkDAO treasury to one wallet after it met quorum. That wallet later moved the tokens to major exchanges, creating a clear supply-overhang risk. Upbit is also ending BONK trading on September 7 and says withdrawals remain open until October 7. That is an access risk for holders using BONK/KRW or BONK/USDT there. Treasury controls and exchange access are different problems, but both affect BONK holders directly.