BONK Consolidates Near $0.0000205 After Safety Shot Token Deal
BONK, the Solana-based meme token, steadied near $0.0000205 on Tuesday following a volatile 24-hour session marked by heavy selling, renewed accumulation, and a significant corporate financing announcement.
The token traded within an 8% range between $0.0000197 and $0.0000212, ultimately consolidating at mid-band levels. The steepest decline came late on Aug. 25, when BONK slipped 5% to $0.0000197 on volumes exceeding 1.8 trillion tokens, according to CoinDesk Research’s technical model. Buyers quickly reemerged at those levels, reinforcing a new support zone and pushing prices back into a narrow band between $0.0000203–$0.0000205.
Investor sentiment was further buoyed by Safety Shot Inc., a Nasdaq-listed company, which disclosed a $30 million financing package, including $25 million denominated in BONK tokens. The arrangement highlights growing interest in meme tokens as part of corporate treasury and financing strategies, strengthening BONK’s position in the Solana ecosystem.
Despite volatility, BONK managed a 0.3% intraday gain, climbing from $0.0000203 to $0.0000204. Liquidity stayed robust, with over 17.5 billion tokens exchanged in a seven-minute burst around 11:50 UTC.
Technical Outlook
- Range: $0.0000197–$0.0000212 (8% intraday volatility)
- Support: $0.0000197 established on Aug. 25 selloff
- Resistance: $0.0000212 remains the upper cap
- Volume: 1.81 trillion during selloff; 17.5B in final rally
- Momentum: Consolidation signals potential buildup ahead of breakout
