BONK Stabilizes After Token Unlock Sparks Heavy Selling; Safety Shot Deal in Focus
BONK endured volatile trading over the past day, swinging between $0.00001991 and $0.00002123 in a wide 45% spread before finding support and settling into a tighter range.
The sharpest move came late on Sept. 1, when a scheduled $11.41 million token unlock triggered a selloff. BONK fell from $0.00002102 to $0.00001991 within an hour, as volumes surged above 1.15 trillion tokens, according to CoinDesk Research.
Buyers stepped in at the $0.00001990 support level, sparking a recovery. By early Tuesday in Europe, the token had rebounded to $0.00002056, trading more steadily as intraday volatility compressed.
Attention also turned to Safety Shot’s $30 million financing, where $25 million was funded with BONK tokens. The move marks the first time a NASDAQ-listed company has added the meme coin to its corporate treasury, drawing fresh interest from investors.
Technical Notes
- 24h range: $0.00001991–$0.00002123 (45% spread).
- Sept. 1 unlock selloff drove 1.15T tokens traded in one hour.
- Support confirmed at $0.00001990.
- Rebound to $0.00002056 by Sept. 2.
- Resistance near $0.00002120.
- Volatility narrowed to ~0.24% around $0.00002053–$0.00002058.
- Volume bursts above 27.3B tokens suggest accumulation.
