$BONK TREASURY DRAINED $20M IN GOVERNANCE ATTACK - PRICE DOWN 9% 💥
A malicious governance proposal drained approximately $20M worth of
$BONK from the BonkDAO treasury. The stolen tokens are already moving toward exchanges, which typically amplifies selling pressure. Upbit has suspended deposits and withdrawals, and law enforcement has been notified.
Price reacted with a 9% drop on the news. The immediate structure is bearish — selling volume is elevated and the token faces potential overhang from the attacker's position. Momentum remains fragile here.
Are you cutting exposure or waiting for a bounce?
Not financial advice. Always manage your risk.
#BONK #GovernanceAttack #MemeCoin #CryptoNews #Solana 🔥