$BONK Recently faced clear pressure. With Upbit removing it, the July DAO governance attack, and frequent security incidents, the three combined effects have weakened market sentiment.
The price is around $0.0₅28, with 24H trading volume of $22.44 million and a market cap of about $244 million. Falling trading trust, amplified on-chain security risks, and weakening sentiment are the main backdrop for this pullback.
For the short term, what to watch is whether trading volume can hold steady, as well as the project team’s progress in addressing security issues and governance vulnerabilities. Until the news flow improves, it’s recommended not to rush into bottom-fishing.
#BONK#MEME#Market Analysis
The price is around $0.0₅28, with 24H trading volume of $22.44 million and a market cap of about $244 million. Falling trading trust, amplified on-chain security risks, and weakening sentiment are the main backdrop for this pullback.
For the short term, what to watch is whether trading volume can hold steady, as well as the project team’s progress in addressing security issues and governance vulnerabilities. Until the news flow improves, it’s recommended not to rush into bottom-fishing.
#BONK#MEME#Market Analysis