BONK price is struggling to find a solid footing, and the latest on-chain activity is not doing holders any favors. According to Lookonchain, the trader who legally drained 4.426 trillion BONK tokens worth $21.2 million from the BONK treasury has now sold another 800 billion BONK, worth approximately $2.48 million. Since the July 6 incident, memecoin has already fallen by 40%, adding new pressure to the already weak trend.
Another huge sale for BONK hits the market
Latest The sale comes From the same wallet that still contains 2.4 trillion BONK, which is currently worth about $6.94 million. This remaining balance has become another source of uncertainty, as traders closely watch for signs of additional selling.
Large token distributions do not always translate into immediate market declines, but continued liquidation from a single holder can significantly impact sentiment, especially when the broader trend is already pointing to a decline.
The long-term trend remains under pressure
BONK’s price is currently trading near $0.00000272 after losing nearly $0.00001000 since the start of 2026. Throughout the year, the token has struggled to make a sustained recovery, and as of June failed to interrupt the broader downtrend.
The recent decline following the Treasury incident has only reinforced this weakness, leaving buyers with little evidence of a tangible reversal yet.
Can BONK avoid another major collapse?
Currently, the market structure remains fragile. If the sell-off of remaining holdings resumes, the price of BONK may continue to decline. Under this scenario, the psychological level around $0.00000100 could become the next area that traders watch.
Whether or not demand returns before additional tokens hit the market is likely to be determined Bonk price Its decline stabilizes or extends in the coming sessions.
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