The price of BONK is struggling to maintain its strength, and the latest developments are not helping the owners. 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 about $2.48 million. Since July 6, memecoin has already fallen by 40%, adding new pressure to an already weak trend.
Another Massive BONK Sale Hits the market
The latest the sale comes from the same wallet that still holds 2.4 trillion BONK, which is about $6.94 million. The remaining stocks have been another source of uncertainty, with traders watching closely for signs of further selling.
A large distribution of tokens does not always mean a decline in the market, but the continued withdrawal of one owner can weigh heavily on sentiment, especially when many trends are already pointing.
Long Time Remains Under Pressure
The price of BONK is currently trading around $ 0.00000272 after shedding almost $ 0.00001000 since the beginning of 2026. Throughout the year, the token has been struggling to recover, and even June failed to break the big decline.
The recent downturn following economic activity has only added to that weakness, leaving consumers with little evidence of meaningful change so far.
Can BONK Avoid Another Big Crash?
Meanwhile, the market remains volatile. If a strong sell-off resumes from the rest of the stock, BONK’s price may continue to fall. In this case, the emotional level around $0.00000100 can be the place that traders watch.
Whether demand returns before the additional tokens hit the market can determine whether The value of BONK stabilize or increase its decline in the coming quarters.
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