$BONK Lately, the pressure has been significant. First, Upbit delisted it. Then, DAO governance attacks and a series of ongoing security incidents were exposed one after another. With three negative factors stacking up, market sentiment has clearly weakened.
Based on on-chain data, exchange trust has declined and contract security risks have become more apparent. Along with the overall cooling of the meme sector, it won’t be easy for $BONK to quickly repair sentiment. In the short term, funds are more inclined to stay on the sidelines and wait for risk-related events to be further cleared.
That said, as one of the most representative meme coins in the Solana ecosystem, $BONK ’s community foundation still exists. If, going forward, there are substantive security upgrades and governance reforms, upside momentum could still be worth期待. But until then, caution is the priority.
#BONK#meme coins#on-chain security
Based on on-chain data, exchange trust has declined and contract security risks have become more apparent. Along with the overall cooling of the meme sector, it won’t be easy for $BONK to quickly repair sentiment. In the short term, funds are more inclined to stay on the sidelines and wait for risk-related events to be further cleared.
That said, as one of the most representative meme coins in the Solana ecosystem, $BONK ’s community foundation still exists. If, going forward, there are substantive security upgrades and governance reforms, upside momentum could still be worth期待. But until then, caution is the priority.
#BONK#meme coins#on-chain security